Environmental, Social and Governance (ESG)
OilXCoin seeks to combine the transformative potential of blockchain technology with a commitment to environmental, social, and governance (ESG) principles. The project aims for its digital assets to reflect not only financial innovation but also responsible and sustainable business practices.
Exploration
OilXCoin intends to minimize the surface footprint of its developments and maintain safe operational standards.
The company is partnering with innovative skin damage removal and Enhanced Oil Recovery (EOR) companies deploying nano technologies and other techniques to increase Estimated Ultimate Recovery (EUR) on OilXCoin leases.
OilXCoin plans to evaluate subsurface exploration technologies that avoid the use of geophones, explosions, or vibroseis trucks commonly employed in traditional 3D seismic surveys.
Computer-Aided Design (CAD) tools are expected to be used to simulate and optimize wells and reservoir development plans prior to implementation, reducing unnecessary trial-and-error operations.
OilXCoin aims to digitize oil leases by employing advanced flowmeters and automated pump controllers that can monitor and adjust well operations for efficiency.
It is planned to integrate blockchain technology into logistics and field operations to improve data accuracy and recording in oil & gas operations.
Delivery & Consumption
OilXCoin aims to reduce transportation needs following extraction by prioritizing local delivery and processing.
Deliveries are intended to focus on nearby refineries, thereby reducing emissions and the risk of transport-related incidents.
The company is exploring a micro-refinery concept that could allow end products such as fuels and solvents to be produced near production hubs.
Blockchain
OilXCoin operates on the Ethereum blockchain, which uses the Proof-of-Stake (PoS) consensus mechanism—recognized for its lower energy intensity compared to traditional Proof-of-Work (PoW) systems.
Local Communities
OilXCoin intends to support local economic activity in regions where operations occur.
Efforts may include investing in local infrastructure and fostering collaboration with small and medium-sized enterprises in the oil and gas sector.
Market Accessibility
OilXCoin seeks to expand access to energy-related investment opportunities.
Through the tokenization of certain oil and gas value-chain components, the project aims to make participation in this sector more accessible to a broader range of investors.
Regulatory Compliance
OilXCoin is committed to maintaining a secure and transparent environment for participants.
The project operates within applicable legal frameworks and intends to remain aligned with evolving regulatory requirements in relevant jurisdictions.
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