Advantages of Synthetic
Synthetic oil was originally developed for high performance racing engines. Mobil tried to popularize synthetic oil for passenger vehicles back in the early 1970's. At the time, Mobil was promoting 20K or 25K oil changes with synthetic, but they soon backed down from this. Synthetic oil is a good choice if you have a vehicle with a high performance engine (in fact synthetic is required for many of these engines). It is also a good choice if your vehicle is operated in extremely cold climates. It has higher resistance to breakdown caused by heat and it flows better in extreme cold. Unfortunately for the synthetic oil industry there is virtually no advantage to using synthetic oil in a non-high performance engine that is operated in moderate climates. You probably could go a bit longer between oil changes with a synthetic, i.e. following the normal service schedule even if you fall into the severe service category, but I wouldn't advise this. In short, synthetic may give you the peace of mind of knowing that you are using an oil that is far better than necessary for your vehicle, but it won't reduce wear or extend the life of the engine. The mistake some people make it to wrongly extrapolate these benefits onto normal engines operated in mild climates, with the ultimate lack of any knowledge being manifested with statements such as "synthetics provide 'Peace of Mind,' or 'Cheap Insurance,'" or other such nonsense.

Extended Change Intervals
Most manufacturers of synthetic oil advise users to not exceed the manufacturer's recommended oil change interval. Part of this is self interest (they don't want to be liable for any damage) but the real reason is that synthetic oil, while it does have certain advantages, still becomes contaminated.

Be extremely wary of synthetic oil companies that offer to pay for your repairs if it is determined that their oil and their extended change interval recommendation caused the problem. Think for a moment of the incredible hassle you would have to go through to prove responsibility for an engine problem. Who would pay your legal bills? Who would pay for replacement transportation during the battle? The more bizarre the warranty the poorer the product is a good rule of thumb. -http://www.nordicgroup.us/oil.htm