industry
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in
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in situ
Great Divide The 10,000-barrel-per-day Great Divide SAGD project is the oil producing leg of the “mini-integrated” stool that is junior Connacher Oil and Gas. Although Connacher has said it may consider joint-venture partners in the future for developing its oilsands assets, it stands out currently as a successful little guy in a field of giants. Construction of the second 10,000-barrel-per-day phase, Algar, is currently underway and is expected to be complete in the spring of 2010.
Project: Great Divide
Location: South Athabasca
Ownership: Connacher Oil and Gas (100%)
Production start:
2007
Current capacity:
10,000 bbl/d
Product: Bitumen Marketing: Truck to local pipelines Technology: SAGD Reservoir depth:
~200 m
Formation/pool: Wabiskaw-McMurray
2009 average daily bitumen production (to Sept. 30):
6,336 bbl/d
2008 average daily bitumen production (to Sept. 30):
7,212 bbl/d
Steam-to-oil ratio (monthly average from Jan./09 to Nov./09):
3.75
2009 realized price per barrel (to Sept. 30):
$45.30
2008 realized price per barrel:
$12.06
H E AV Y O I L & O I L S A N D S G U I D E B O O K & D I R E C T O R Y V
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Photo: Jeffery Borchert
Connacher’s Great Divide project is often pointed to as an example of a junior company’s success in the oilsands.