ConocoPhillips starts up deep oil sands project in Canada.......
Posted on September 1, 2015 . . . .
http://fuelfix.com/beaumont/2015/09/01/conocophillips-starts-up-deep-oil-sands-project-in-canada/ . . . ConocoPhillips starts up deep oil sands project in Canada
Posted on September 1, 2015 | By Collin Eaton . . . . . .
HOUSTON – ConocoPhillips says it’s bringing up its first barrels of oil in a large Canadian oil sands project that has been under construction for five years. . . . .
The Houston oil producer said Tuesday its project in northwestern Alberta’s boreal forest will extract heavy oil that’s buried too deep to mine using steam to heat up the thick crude to allow it to flow. The company says it’s the largest so-called steam-assisted gravity drainage system in the world.
It’s ConocoPhillips’ second and much larger phase of a 50/50 joint venture in the Canadian oil sands with France’s Total. …. They began operating a first facility in 2007 that produces about 27,000 barrels of oil a day. . . . .
Together, the pair of projects are expected to bring up 150,000 barrels a day, with the second facility building up production to 118,000 barrels a day through 2017.
The company first began injecting steam into these second-phase wells earlier this year. . . .
“We’re pleased to see a project of this magnitude move from the capital phase to the production phase, knowing that it will produce for decades to come,” ConocoPhillips Chairman and CEO Ryan Lance said in a written statement. . . . .