Shale oil is extracted by pyrolysis, hydrogenation, or thermal dissolution of oil shale. The pyrolysis of the rock is performed in a
retort, situated either above ground or within the rock formation itself. As of 2008, most
oil shale industries perform the shale oil extraction process after the rock is mined, crushed and transported to a retorting facility, although several experimental technologies perform the process in place. The temperature at which the kerogen decomposes into usable hydrocarbons varies with the time-scale of the process; in the above-ground retorting process decomposition begins at , but proceeds more rapidly and completely at higher temperatures. Decomposition takes place most quickly at a temperature between . Hydrogenation and thermal dissolution (reactive fluid processes) extract the oil using
hydrogen donors,
solvents, or a combination of these. Thermal dissolution involves the application of solvents at elevated temperatures and pressures, increasing oil output by
cracking the dissolved organic matter. Different methods produce shale oil with different properties. A critical measure of the viability of extraction of shale oil lies in the ratio of the energy produced by the oil shale to the energy used in its mining and processing, a ratio known as "Energy Returned on Energy Invested" (
EROEI). An EROEI of 2 (or 2:1 ratio) would mean that to produce 2 barrels of actual oil the equivalent in energy of 1 barrel of oil has to be burnt/consumed. A 1984 study estimated the EROEI of the various known oil-shale deposits as varying between 0.7 and 13.3. More recent studies estimates the EROEI of oil shales to be 1–2:1 or 2–16:1 – depending on whether self-energy is counted as a cost or internal energy is excluded and only purchased energy is counted as input.
Royal Dutch Shell reported an EROEI of three to four in 2006 on its
in situ development in the "
Mahogany Research Project." The amount of oil that can be recovered during retorting varies with the oil shale and the technology used. The major global shale oil producers have published their yields for their commercial operations.
Fushun Mining Group reports producing 300,000 tons per year of shale oil from 6.6 million tons of shale, a yield of 4.5% by weight.
VKG Oil claims to produce 250,000 tons of oil per year from 2 million tons of shale, a yield of 13%.
Petrobras produces in their
Petrosix plant 550 tons of oil per day from 6,200 tons of shale, a yield of 9%. ==Properties==