ALBARIT has been developed with the main purpose of creating a token destined to market the barite mineral (barium sulphate). We are pleased to introduce this opportunity to oil service companies, investors and people in general willing to be part of the token ALBARIT investor community. This investment offer represents a decentralized investment proposal through the ALBARIT token for exploitation, processing and to market the barite mineral with huge importance within oil extraction operations.
ALBARIT is betting to be the long-term leader in the Gulf of Mexico region in the supply of refined barite in order to meet the growing demand of this mineral for drilling fluids over the next 20 years. In recent years, the drop in international prices of crude has affected the oil sector and in particular, the Gulf of Mexico region, the oil and gas industry of this region has a huge potential for latent reserves that can lead to an improvement in current and future crude production. The Gulf of Mexico region has madly interesting oil & gas resources, which are placed in several locations and regions of the Gulf of Mexico, from terrestrial fields to shallow waters, deep waters and ultra-deep waters. At the time of writing this whitepaper, particularly in Mexico, there are 107 oil contracts awarded through bidding processes to national and international companies for the exploration and extraction of hydrocarbons, which are part of the investment processes in Mexico since 2015 to date. From the 107 contracts achieved, thirty percent are in shallow water; while 25 percent are deep-water and forty-five percent are in land-based fields. In total, 14 international public tenders have carried out in which 73 companies from 20 countries have participated.
ALBARIT has been developed with the main purpose of creating a ALB Token destined to the commercialization of barite´s mineral (barium sulphate). We are pleased to be able to introduce this opportunity in a global way to oil service companies, investors and people in general willing to be part of the ALB Token investor community. This investment offer belongs to a decentralized investment proposal through ALB Tokens for exploitation, processing and commercialization of Barite Mineral with huge importance within oil extraction operations.
ALBARIT is a Token that will allow, through the Blockchain technology and supported by Ethereum's smart contracts, to process and trade the Barite, which at the first time will be obtained from the exploitation of "Cardoso" mine located in Cascalote de Bravo town in the Puebla state of Mexico country. Then, in a second phase of mining operations, there will be mines that will be included through a contract with the close participation of the owners and / or concessionaires under the smart contract of the Token ALBARIT will be added, for which each Barite Tone will belong to 170 Albarits (ALBs).
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