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ICO Time: Apr 20 — Aug 28
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REVOIL

Ended
Ended: Dec 31, 2017

Eco technology to gather shale oil using blockchain

REVOIL is the first project in oil industry that will combine the most innovative technologies in environmentally conscious hydrocarbons production and blockchain implementation with a high degree of transparency in all business operations. Some analysts believe that oil business has lost its relevance in the 21st century. However, studies done by leading consulting companies suggest the demand for oil will grow until 2030 , despite the recent market frenzy for electric vehicles. The reason for this forecast 1 becomes evident when considering the rapid growth of emerging Asian economies. Based on our calculations we are confident that oil production can not only be efficient, but also environmentally friendly. With this goal in mind Konstantin Schekoldin, a REVOIL community founder, developed an innovative technology called AirVento TGT (utilizing thermogas with oxygen injection) for deposit development. The uniqueness of AirVento TGT lies in the increased oil recovery factor when developing shale deposits. Application of this technology allows extracting up to 40-50% of the geologically explored reserves​, whereas hydraulic fracturing technology accounts for only 10-15%. This technology makes extraction highly efficient and affordable, which ensures high profit margins even at the lowest oil prices.AirVento TGT has already been tested on deposits of the Bazhenov Foundation, located in Western Siberia, where successfully demonstrated its environmental soundness​. By virtue of applying a simple air solution, REVOIL method of oil extraction produce excellent results with minimal effects on the surrounding environment, especially when compared to extraction via water and chemical reagents used in conventional hydraulic fracking.

We are the community of oil workmen and we are sick of our industry being closed, inefficient and harmful for the environment. We want to make it transparent, available to everyone and eco-friendly, so we created decentralized oil company. Every contributor is able to exchange owned blockchain-tokens for the real oil we produce. The company's competitive advantage is the propriety technology for gathering shale oil with 10 times better performance than with conventional methods.

We Fight The Oil Monopoly

Website

revoil.io

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ICO Details

Ticker Symbol:
RVL
Platform
Ethereum (ERC20)
Accepts:
ETH
Hard Cap:
2,800,000 USD
Country:
Russia
Total supply
326,173,826 RVL

Public Crowdsale

Ended
Date Sale:
Nov 28, 2017 — Dec 31, 2017 @ 33 days
Sale Avalable Tokens:
1,012,327 RVL @ 0.3%

ICO Overview

About REVOIL REVOIL is the first project in oil industry that will combine the most innovative technologies in environmentally conscious hydrocarbons production and blockchain implementation with a high degree of transparency in all business operations. Some analysts believe that oil business has lost its relevance in the 21st century. However, studies done by leading consulting companies suggest the demand for oil will grow until 2030 , despite the recent market frenzy for electric vehicles. The reason for this forecast 1 becomes evident when considering the rapid growth of emerging Asian economies. Based on our calculations we are confident that oil production can not only be efficient, but also environmentally friendly. With this goal in mind Konstantin Schekoldin, a REVOIL community founder, developed an innovative technology called AirVento TGT (utilizing thermogas with oxygen injection) for deposit development. The uniqueness of AirVento TGT lies in the increased oil recovery factor when developing shale deposits. Application of this technology allows extracting up to 40-50% of the geologically explored reserves​, whereas hydraulic fracturing technology accounts for only 10-15%. This technology makes extraction highly efficient and affordable, which ensures high profit margins even at the lowest oil prices. AirVento TGT has already been tested on deposits of the Bazhenov Foundation, located in Western Siberia, where successfully demonstrated its environmental soundness​. By virtue of applying a simple air solution, REVOIL method of oil extraction produce excellent results with minimal effects on the surrounding environment, especially when compared to extraction via water and chemical reagents used in conventional hydraulic fracking.

We are the community of oil workmen and we are sick of our industry being closed, inefficient and harmful for the environment. We want to make it transparent, available to everyone and eco-friendly, so we created decentralized oil company. Every contributor is able to exchange owned blockchain-tokens for the real oil we produce. The company's competitive advantage is the propriety technology for gathering shale oil with 10 times better performance than with conventional methods.

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Team

Dmitriy Ishimbayev
Adviser @ Legal
Maxim Kozhushko
Senior Oilfield Development Specialist
Andrey Ostistiy
Chief Engineer
Konstantin Shchekoldin
Founder of the Community & CEO
Roman Bansal
-
Sergey Manucharyan
Head of Oilfield Development Department
Vitaly Kharchenko
Deputy Director
Maxim Makarov
-
Seymur Veliev
Senior Oil Production Specialist
Sergey Volpin
-
Konstantin Shchekold...
Founder of the Community & CEO
Dmitry Lapkin
-

Advisors

Arkady Bokserman
Advisor @ Development, Production, Business line, Network
Aleksandr Polischyuk
Advisor

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