Christina Lake stands as a cornerstone of MEG Energy’s operational excellence, representing a significant contributor to the company’s overall production capacity. With an output of 110,000 barrels per day (bbls/d) and a steam-oil ratio (SOR) approximately 15% below peer averages, Christina Lake showcases MEG’s commitment to efficiency and sustainability.
Cenovus expects oil sands production to reach 600-610 Mbbls/d in 2024, with key assets including Christina Lake, Foster Creek, Lloydminster Thermals, and Sunrise. Operating costs have been reduced to $10.50 – $12.50 per barrel, reflecting a 12% decrease at the midpoint.
Canadian Natural Resources Limited (CNRL) holds a significant portfolio of thermal in situ oil sands assets in Canada, strategically located in the Athabasca and Cold Lake deposits.
Canada could become the world’s biggest contributor in 2024. An increase in oil production by about 500,000 bpd is expected, which exceeds the 400,000 bpd increase predicted for the United States.
Oilsands production is now expected to reach 3.7 million barrels per day by 2030, half a million bpd more than today and 140,000 more than last year’s forecast.
Chevron Corp. would consider selling its 20 per cent stake in a Canadian oil sands mine as its faces investor pressure to do more to curb emissions and fight climate change.
Summary of the Western Canada well, spud and facility permits approved Oct 14 2020
Located 60 kilometres northeast of Fort McMurray, Alberta, Sunrisehas a rich bitumen deposit with estimated total proved, probableand possible reserves of 3.7 billion barrels (estimated as of December31, 2009). The project will be built in phases, ultimately producingmore than 200,000 barrels of bitumen per day, and will be a40 year…
Canada is home to the world’s third-largest hydrocarbon basin – the oil sands – which equates to 97% of Canada’s oil reserves. This long-term resource offers energy potential – about 1.7 trillion barrels of oil can be recovered, of which 165 billion barrels are in the oil sands. Alberta is…
