Differential scanning calorimetry (DSC) and inelastic neutron scattering were applied to study the phase separation kinetics of Maya asphaltene water-in-oil emulsion by following the water separation from the upper phase. In addition, transformation of the separated water from the free state to the bound and/or restricted state was also investigated. Maya asphaltene in toluene with 0.1 M HCl forms emulsion following ultrasonic or high speed mechanical emulsification. Initially, water molecules in the emulsion are largely free water. The emulsion gradually separates into two phases and at the 7th day over 90% of water molecules have situated at the bottom phase. In the mean time water molecules at the free state initially slowly transform into bound state in a much slower pace (over 100 days) than the phase separation kinetics. (C) 2008 Elsevier Ltd. All rights reserved.