Australia’s oil-shale opportunity
Linc Energy has discovered a potentially significant, untapped oil-shale play in South Australia’s Arckaringa basin
Oil shale is extracted from sedimentary rock, which contains kerogen – a mixture of organic chemical compounds – by mining. Oil shale needs more processing than conventional oil, increasing production costs. Heating oil shale to high temperatures releases a vapour that can be distilled to produce shale oil.
Exploration and production