OSR Project Status March 2015

Page 1

CURRENT PROJECT

project status

Kearl (continued)

Updated: Feb 2015 80,000

2020

Approved

Phase 4 Debottleneck

45,000

TBD

Approved

Updated: Dec 2013

Phase 1A

100,000

2010

OP

Phase 1B

100,000

TBD

Approved

Expansion

100,000

2017

Muskeg River Commercial

155,000

2002

Expansion & Debottlenecking

115,000

TBD

Phase 1

100,000

TBD

HOLD

Phase 2

100,000

TBD

HOLD

Base Operations

Saskatchewan region Industrial Heartland region New information this month

Updated: Dec 2014

Suncor says that oilsands production volumes increased to an average of 411,700 bbls/d in the third quarter of 2014, driven primarily by the completion of the Firebag ramp-up and smaller planned coker maintenance in the 2014 quarter compared to the 2013 quarter, partially offset by a weather-related site-wide power outage and unplanned upgrader maintenance. Millennium Mine

294,000

1967

OP

4,000

2007

OP

23,000

2008

OP

180,000

2012

Steepbank Debottleneck Phase 3

Announced; regulatory application pending

Millennium Debottlenecking

Regulatory application has been filed

North Steepbank Extension

Regulatory approval in place Under construction

OP

Operating

HOLD

On hold; timing uncertain

SUSP

Operations suspended

CAN

Approved Updated: Feb 2014

Suncor Energy Inc.

Peace River region

UC

OP

Shell has informed regulators that it is indefinitely halting work on the Pierre River project. The company has asked that the regulatory approval process be suspended.

Cold Lake region

Approved

Approved Updated: Sep 2014

Pierre River

South Athabasca region

APPL

REGULATORY STATUS

Phase 3

Jackpine

North Athabasca region

ANN

START-UP

Shell Albian Sands

Sourced from Alberta regulators and corporate disclosures. For changes and updates, please contact Deborah Jaremko at djaremko@junewarren-nickles.com. Disclaimer: Oilsands Review accepts no liability for errors or inaccuracies in the information provided in this report.

CAPACITY

Fort Hills

OP Updated: Feb 2015

Despite significantly cutting its 2015 capital spending forecast, Suncor says that construction at Fort Hills will move forward as planned and take advantage of the current economic environment. Phase 1 Debottleneck

Project cancelled

160,000 20,000

2017 TBD

Voyageur South

UC Approved Updated: May 2012

Suncor considers Voyageur South to be a longer-term project and has not confirmed a start-up date.

navigator.oilsandsreview.com For more detailed project data, visit oilsandsreview.com. To explore oilsands projects using our interactive web tool, visit the Canadian Oilsands Navigator.

Phase 1

120,000

CAPACITY

START-UP

REGULATORY STATUS

NORTH ATHABASCA REGION — MINING

Mildred Lake/Aurora

Updated: Feb 2015

Base Mine Stage 1 & 2 Expansion

290,700

1978

OP

Stage 3 Expansion

116,300

2006

OP

TBD

TBD

UC

Aurora SouthTrain 1

100,000

TBD

Approved

Aurora SouthTrain 2

100,000

TBD

Approved

Mildred Lake Mine Extension (MLX)

184,000

2023

APPL

Teck Resources Limited

Canadian Natural Resources Limited •

Horizon

Reliability - Tranche 2

135,000

2008

5,000

2014

OP

Phase 2A

12,000

2014

OP

Phase 2B

45,000

2016

UC

Phase 3

80,000

2017

UC

Kearl

74,600

2021

APPL

Phase 2

84,000

2024

APPL

Phase 3

79,300

2027

APPL

Phase 4 Equinox

39,400

2030

APPL

Total E&P Canada Ltd. Joslyn North Mine

Updated: Feb 2015

Phase 1

110,000

2013

OP

Phase 2

110,000

2015

UC

OILSANDS REVIEW | MARCH 2015

Phase 1

Updated: Jun 2014

Total has announced it will delay the Joslyn mine while project owners seek ways to reduce costs.

Imperial says that excluding the precautionary shutdown at Kearl in November due to excessive vibration in the ore crusher unit, quarterly production averaged 87,000 bbls/d. The company says that its Kearl expansion project is essentially complete. Start-up is now slated for the third quarter of 2015 versus the original year-end target.

26

Updated: Jul 2014

Teck says that the regulatory review process for the Frontier project is expected to continue into 2015, making late 2015 or 2016 the earliest an approval decision and receipt of required permits is expected.

OP

Imperial Oil Limited •

Frontier

Updated: Feb 2015

Canadian Natural has significantly reduced capital spending on its in situ projects in 2015 but says that the phases 2 and 3 expansions, at Horizon remains on track. A major turnaround is scheduled for the third quarter. Phase 1

APPL

Syncrude has filed the regulatory application for the MLX project.

Centrifuge Tailings Management CURRENT PROJECT

TBD

Syncrude Canada Ltd.

Phase 1

100,000

TBD

HOLD

NORTH ATHABASCA REGION — IN SITU Athabasca Oil Corporation •

Birch

Updated: Feb 2015

Athabasca lists Birch as one of its long-term assets. Phase 1

12,000

TBD

ANN


P R O J E C T S TAT U S

CURRENT PROJECT

CAPACITY

START-UP

Dover West Carbonates (Leduc)

REGULATORY STATUS

Updated: Feb 2015

CURRENT PROJECT

Saleski

Phase 1 Demonstration

6,000

2016

Phase 2 Demonstration

6,000

TBD

Dover West Sands & Clastics

Approved

Athabasca lists Dover West as one of its long-term assets.

Updated: May 2013

Husky filed the regulatory application for its Saleski pilot in early May 2013.

APPL Updated: Feb 2015

REGULATORY STATUS

START-UP

Husky Energy Inc.

Athabasca lists Dover West as one of its long-term assets.

CAPACITY

Carbonate Pilot •

3,000

2017

Sunrise

APPL Updated: Feb 2015

Husky has commenced steaming at the Sunrise project and expects production to begin before the end of the first quarter.

Phase 1

12,000

TBD

APPL

Phase 2

35,000

2019

ANN

Phase 1A

30,000

2015

OP

Phase 3

35,000

2020

ANN

Phase 1B

30,000

2015

UC

Phase 4

35,000

2022

ANN

Phase 2A

35,000

TBD

Approved

Phase 5

35,000

2024

ANN

Phase 2B

35,000

TBD

Approved

Future Phases

70,000

TBD

Approved

BP p.l.c. Terre de Grace

Updated: Apr 2014

Imperial Oil Limited

BP says that ongoing appraisal activities continue. Pilot

Aspen 10,000

TBD

Approved

Brion Energy Corporation Dover Dover Experimental Pilot

Updated: Sep 2014 2,000

2017

Approved

Dover North Phase 1

50,000

TBD

Approved

Dover North Phase 2

50,000

TBD

Approved

Dover South Phase 3

50,000

2021

Approved

Dover South Phase 4

50,000

2023

Dover South Phase 5

50,000

2025

Mackay River

Approved

2015

UC

Phase 2

40,000

2018

Approved

Phase 3

40,000

2020

Approved

Phase 4

35,000

2022

Approved

60,000

2019

ANN

60,000

2023

ANN

Cenovus Energy Inc. East McMurray

Updated: Dec 2013

30,000

TBD

Steepbank

ANN

TBD

Telephone Lake

ANN

Phase A

45,000

TBD

Approved

Phase B

45,000

TBD

Approved

E-T Energy Ltd. Poplar Creek

Updated: Jun 2014

E-T Energy has engaged Sayer Advisors to dispose of its oilsands leases. The company is refocusing both its time and capital on the development of its technology. Experimental Pilot

2012

SUSP

Phase 1

10,000

1,000

TBD

HOLD

Phase 2

40,000

TBD

HOLD

Grizzly Oil Sands Ulc Thickwood

Updated: Feb 2014

The Alberta Energy Regulator says it will defer decisions on applications for in situ oilsands projects in the new shallow thermal area of the Athabasca region until it has developed formal regulatory requirements. Grizzly Thickwood is one of five impacted projects.

Tamarack

Updated: Feb 2015

Phase 1

20,000

TBD

APPL

Phase 2

20,000

TBD

APPL

Dunkirk

Updated: Feb 2015

2,000

2017

APPL

Phase 1

30,000

2018

ANN

Phase 2

30,000

TBD

ANN

Updated: Jan 2015

Demonstration

12,000

2017

APPL

Oak Point Energy Ltd. Lewis Pilot

Updated: Jun 2014 1,720

TBD

Approved

Prosper Petroleum Ltd.

Updated: Dec 2014

Cenovus will significantly reduce spending at its emerging oilsands assets, including Telephone Lake, in 2015. The company expects to make a decision on the timing of development in 2015.

APPL

Birchwood

Updated: Dec 2013

30,000

TBD

Marathon had anticipated receiving regulatory approval for the Birchwood project by the end of 2014. Upon receiving this approval, the company will further evaluate its development plans.

Cenovus says this project remains part of its portfolio of long-term development opportunities. Phase 1

45,000

Marathon Oil Corporation

Cenovus says this project remains part of its portfolio of long-term development opportunities. Phase 1

APPL

Phase 3

Commercial Demonstration

Canadian Natural says Birch is in the planning stages.

Phase 2

APPL

TBD

Koch has filed the regulatory application for the proposed Dunkirk SAGD project.

Updated: Dec 2013

Phase 1

2020

45,000

Koch Exploration Canada Corporation

Canadian Natural Resources Limited Birch Mountain

45,000

Phase 2

Ivanhoe Energy says that it is in ongoing discussions with various stakeholders to recapitalize the company.

Approved

35,000

Phase 1

Ivanhoe Energy Inc.

Updated: Jun 2014

Phase 1

Updated: Feb 2014

Alberta has issued the final terms of reference for Imperial’s Aspen project.

Rigel

Updated: Dec 2013

Prosper Petroleum filed its regulatory application for the Rigel SAGD project in November 2013. Phase 1

10,000

2017

APPL

SilverWillow Energy Corporation Audet

Updated: Dec 2014

SilverWillow says its strategic process is still in progress, and it continues to engage with industry participants and investors who are active in the sector. The company is also active in the industry consultation process with the Alberta Energy Regulator regarding new rules for shallow SAGD projects; it is optimistic that there will be a favourable outcome for the shallow SAGD sector but the timing and content of the new rules is still undefined. Pilot

12,000

2018

APPL

Southern Pacific Resource Corp. •

STP-McKay

Updated: Feb 2015

Southern Pacific and certain of its subsidiaries have obtained creditor protection under the Companies’ Creditors Arrangement Act. Phase 1 Phase 1 Expansion

12,000

2012

OP

6,000

2016

APPL

Phase 1

6,000

2017

APPL

Phase 2A

12,000

2018

APPL

Phase 2

6,000

TBD

APPL

Phase 2B

6,000

2018

APPL

MARCH 2015 | OILSANDSREVIEW.COM

27


P R O J E C T S TAT U S

CURRENT PROJECT

CAPACITY

START-UP

REGULATORY STATUS

Suncor Energy Inc. Updated: Dec 2014

N-Solv Corporation says it has reached the milestone of 25,000 barrels of bitumen produced at its Dover pilot since start-up in spring 2014. 500

2014

Firebag

START-UP

REGULATORY STATUS

OP

Athabasca Oil Corporation •

Hangingstone

Updated: Feb 2015

Athabasca says it continues to expect first steam at Hangingstone Phase 1 at the end of the first quarter of 2015.

Updated: Dec 2014

HS-1 HS-2A Debottleneck (1 and 2)

Suncor says that during the third quarter of 2014 it completed ramp-up of Firebag Stage 4.

12,000

2015

UC

8,000

2017

APPL

Stage 1

35,000

2004

OP

HS-2B Expansion

32,000

2019

APPL

Stage 2

35,000

2006

OP

HS-3

30,000

2021

APPL

Cogeneration and Expansion

25,000

2007

OP

Stage 3

42,500

2011

OP

Stage 4

42,500

2012

OP

Stage 5

62,500

2018

Approved

Stage 6

62,500

2019

Approved

Stage 3-6 Debottleneck

23,000

TBD

Lewis Phase 1 Phase 2 •

CAPACITY

SOUTH ATHABASCA REGION — IN SITU

Dover

Demonstration Plant

CURRENT PROJECT

APPL

40,000 40,000

TBD TBD

MacKay River

Debottleneck MR2

Blackrod

Pilot

ANN ANN Updated: Feb 2015

33,000

2002

OP

5,000

2014

OP

TBD

Approved

20,000

10,000

2016

APPL

Phase A2

30,000

TBD

ANN

Phase B1

30,000

TBD

ANN

Phase B2

30,000

TBD

Thickwood

ANN Updated: Feb 2014

Alberta has issued the final terms of reference for Sunshine’s Thickwood expansion project. Phase A1

10,000

TBD

Approved

Phase A2

30,000

2017

ANN

Phase B

30,000

2021

ANN

West Ells

Updated: Dec 2014

Sunshine Oilsands says it is on track for first steam at the end of the first quarter of 2015 and for first production in the third quarter of 2015. The company says it is firmly focused on ensuring success of the approved phases of West Ells.

OP

20,000

800

TBD

APPL

Phase 2

30,000

2018

APPL

Phase 3

30,000

2021

APPL

Gregoire Lake

Updated: Dec 2013

Canadian Natural says Gregoire Lake is in the planning stages. Phase 1

60,000

TBD

Phase 2

60,000

TBD

Grouse

Updated: Dec 2013

Phase A1

2011

Phase 1

Canadian Natural Resources Limited

Sunshine Oilsands Ltd. Legend Lake

Updated: Dec 2014

Production continues to ramp up from the second pilot well pair at Blackrod. The well pair has produced over 50,000 barrels of oil since March 2014, and during the third-quarter production from the second well pair averaged 316 bbls/d of oil with a steam to oil ratio of approximately 3.3:1. Recent oil analysis from the well indicates the well pair is still in the early stages of steam chamber development. It is expected to reach target peak production of 500–600 bbls/d of oil in the next six to nine months.

Updated: Aug 2013

Suncor has announced it will defer sanction of the MacKay River expansion project. Phase 1

BlackPearl Resources Inc.

ANN Updated: Sep 2014

Commercial •

ANN

40,000

2020

Kirby

APPL Updated: Feb 2015

Canadian Natural plans to drill three new producer wells at Kirby in 2015. The company says it will defer spending on Kirby North Phase 1 until oil prices improve. KS1 - Kirby South

40,000

2013

OP

KN1 - Kirby North

40,000

2017

HOLD

KN2 - Kirby North

60,000

2022

Approved

Cavalier Energy Inc. Hoole

Updated: Sep 2014

Regulatory approval for the first phase of the Hoole project was granted in June 2014. Development of this phase is dependent upon Cavalier Energy securing financing and sanctioning by its board of directors. In July 2014, Cavalier acquired approximately 23 net sections of undeveloped land contiguous with its Hoole lands for $20 million. Phase 1

10,000

2017

Approved

Phase 2A

35,000

TBD

ANN

Phase 2B

35,000

TBD

ANN

Phase A1

5,000

2015

UC

Phase A2

5,000

TBD

Approved

Phase A3

30,000

TBD

ANN

Phase B

20,000

TBD

ANN

Phase C1

30,000

TBD

ANN

Phase 1A

10,000

2002

OP

Phase C2

30,000

TBD

ANN

Phase 1B

8,800

2008

OP

Cenovus Energy Inc. Christina Lake

Updated: Jan 2015

In 2015 Cenovus plans to invest between $800 million and $860 million at Christina Lake.

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28

OILSANDS REVIEW | MARCH 2015


P R O J E C T S TAT U S

CURRENT PROJECT

CAPACITY

START-UP

Christina Lake (continued)

REGULATORY STATUS

CURRENT PROJECT

2011

OP

Phase D

40,000

2012

OP

Phase 1 Winefred Lake

40,000

2013

OP

22,000

2015

UC

Phase F

50,000

2016

UC

Phase G

50,000

2017

Approved

Phase H

50,000

TBD

APPL

Foster Creek

Updated: Jan 2015

Cenovus says in response to the current low price environment, it will be spreading capital investment over a longer period of time. In 2015 the company plans to spend between $700 million and $750 million at Foster Creek, pushing out first production from phases G and H out by one or two quarters. Phase A

24,000

2001

OP

6,000

2003

OP

Phase C Stage 1

10,000

2005

OP

Phase C Stage 2

20,000

2007

OP

Phase D

30,000

2009

OP

Phase E

30,000

2009

OP

Phase F

30,000

2014

OP

Phase G

30,000

2016

UC

Phase H

30,000

2017

UC

Future Optimization (Phases F,G,H)

35,000

TBD

ANN

Phase J

50,000

TBD

APPL

Future Optimization

15,000

TBD

ANN

Phase B Debottleneck

Grand Rapids

Updated: Jan 2015

Cenovus says it will reduce spending at its emerging oilsands assets in 2015, including Grand Rapids. The company does plan to drill a third well pair at the operating pilot in the first quarter and says data from these well pairs will help determine the future pace of its Grand Rapids development. Pelican Lake Pilot

600

2011

OP

Pelican Upper Grand Rapids Phase A

10,000

TBD

Approved

Pelican Upper Grand Rapids Phase B

32,000

TBD

Approved

Pelican Upper Grand Rapids Phase C

29,000

TBD

Approved

Pelican Upper Grand Rapids Phase D

29,000

TBD

Approved

Pelican Upper Grand Rapids Phase E

32,000

TBD

Approved

Pelican Upper Grand Rapids Phase F

29,000

TBD

Approved

Pelican Upper Grand Rapids Phase G

19,000

TBD

Narrows Lake

Approved Updated: Jan 2015

Cenovus says it will substantially slow development of the Narrows Lake project in order to help preserve cash and focus on value creation. The company will spend between $60 million and $75 million at Narrows Lake in 2015.

REGULATORY STATUS

Updated: Dec 2013

Cenovus says this project remains part of its portfolio of long-term development opportunities.

40,000

Optimization (Phases C,D,E)

START-UP

West Kirby

Updated: Jan 2015

Phase C

Phase E

CAPACITY

30,000

TBD

ANN Updated: Dec 2013

Cenovus says this project remains part of its portfolio of long-term development opportunities. Phase 1

30,000

TBD

ANN

CNOOC Limited Long Lake

Updated: Jan 2015

CNOOC says that first oil from Kinosis 1A has been achieved. Phase 1

72,000

2008

OP

Kinosis (K1A)

20,000

2014

OP

Kinosis (K1B)

40,000

TBD

Approved

Connacher Oil And Gas Limited •

Great Divide

Updated: Feb 2015

Connacher has announced a recapitalization plan and reduced capital budget for 2015 that contemplates halting work on both its mini-steam expansion and SAGD+ technology commercialization. Pod One

10,000

2007

OP

Algar

10,000

2010

OP

Expansion 1A

12,000

TBD

Approved

Expansion 1B

12,000

TBD

Approved

ConocoPhillips Canada Limited Surmont

Updated: Dec 2014

ConocoPhillips says that a major turnaround was completed at Surmont 1 during the third quarter and that Surmont 2 remains on track for first steam in mid-2015. Pilot

1,200

1997

OP

Phase 1

30,000

2007

OP

Phase 2

118,000

2015

UC

Phase 3 - Tranche 1

45,000

2020

APPL

Phase 3 - Tranche 2

45,000

2021

APPL

Phase 3 - Tranche 3

45,000

2023

APPL

Devon Canada Corporation Jackfish

Updated: Dec 2014

Devon says that first oil was achieved at Jackfish 3 in the third quarter. Phase 1

35,000

2007

OP

Phase 2

35,000

2011

OP

Phase 3

35,000

2014

Jackfish East Expansion

OP Updated: Sep 2012

20,000

2018

Pike

ANN Updated: Dec 2014

Devon received regulatory approval for the Pike project in November 2014. Completion of the front-end engineering design, capital budget and a work plan are expected in the fourth quarter of 2015. First steam is expected at the end of 2018.

Phase A

45,000

TBD

UC

1A

35,000

2016

Approved

Phase B

45,000

TBD

Approved

1B

35,000

2017

Approved

Phase C

40,000

TBD

Approved

1C

35,000

2018

Approved

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MARCH 2015 | OILSANDSREVIEW.COM

29


P R O J E C T S TAT U S

CURRENT PROJECT

CAPACITY

START-UP

REGULATORY STATUS

CURRENT PROJECT

Algar Lake

Updated: Dec 2014

Grizzly part-owner Gulfport Energy says that all ten well pairs were converted to SAGD production mode during the third quarter of 2014. Grizzly continues to anticipate the first phase of this facility to reach its peak production potential of approximately 6,200 bbls/d of bitumen in the second quarter of 2015. Phase 1

6,000

2014

OP

Phase 2

6,000

TBD

Approved

May River

Phase 1

6,000

2016

APPL

Phase 2

6,000

TBD

APPL

Harvest Operations Corp. BlackGold

Updated: Dec 2014

Harvest says that on Sept. 30, 2014, Phase 1 of the BlackGold project was approximately 97 per cent complete. Phase 1 completion, commissioning of the CPF and first steam are expected in the first quarter of 2015. Phase 1

10,000

2015

OP

Phase 2

20,000

TBD

Approved

Hangingstone

Updated: Sep 2014

The Hangingstone expansion will receive its diluent from Inter Pipeline’s Polaris Pipeline. Additionally, Aquatech has been awarded a contract to provide its evaporator technology for OSTG blowdown treatment. 20,000

2016

UC

11,000

1999

OP

Hangingstone Pilot

Muskwa

Updated: Jun 2014

Regulatory approval granted in June 2014. 10,000

TBD

Approved

Laricina Energy Ltd. •

Germain

Updated: Jan 2015

Laricina says it missed its bitumen production covenant for the fourth quarter of 2014, an event of default.The company’s strategic review process continues. Phase 1 CDP

5,000

2013

OP

Phase 2

30,000

2018

APPL

Phase 3

60,000

TBD

APPL

Phase 4

60,000

TBD

APPL

Saleski

Updated: Dec 2014

Laricina says that during the third quarter, the priority at the Saleski pilot was on the Grosmont D and understanding how best to drill and operate in the D zone to maximize production and ultimate recovery. The most recently drilled well at the pilot in the D zone continues to demonstrate production and steam to oil ratios (SORs) that complement C-zone production and SORs, demonstrating that the Grosmont can be competitive with average McMurray in situ projects. Experimental Pilot

1,800

2011

OP

Phase 1

10,700

2017

Approved

Phase 2

30,000

TBD

ANN

Phase 3

60,000

TBD

ANN

Phase 4

60,000

2023

ANN

Phase 5

60,000

2026

ANN

Phase 6

60,000

TBD

ANN

MEG Energy Corporation •

Christina Lake

Updated: Feb 2015

Despite significantly cutting its capital budget, MEG continues to target a production increase of up to 82,000 bbls/d from the Christina Lake project in 2015. The company is considering a series of brownfield expansions of Phase 2B. Phase 1 Pilot

30

3,000

2008

OP

Phase 2A

22,000

2009

OP

Phase 2B

55,000

2013

OP

Phase 3A

50,000

2016

Approved

Phase 3B

50,000

2018

Approved

Phase 3C

50,000

2020

Approved

OILSANDS REVIEW | MARCH 2015

Phase 1

40,000

TBD

APPL

Phase 2

40,000

TBD

APPL

Phase 3

40,000

TBD

APPL

Sepiko Kesik

Updated: Sep 2014

OSUM says it anticipates regulatory approval for Sepiko Kesik in 2015. Phase 1

30,000

2018

APPL

Phase 2

30,000

2020

APPL

PTT Exploration and Production •

Mariana - Hangingstone

Updated: Feb 2015

PTTEP says that the sudden drop in oil prices has forced it to re-assess asset values of the Mariana SAGD project as well as the PTTEP Australasia project, resulting in one-time impairment losses of US$997 for both projects.The company says that winter delineation drilling is underway for the Mariana project. Phase 1

20,000

TBD

Mariana - South Leismer Phase 1

HOLD Updated: Aug 2014

20,000

TBD

Mariana - Thornbury

HOLD Updated: Feb 2015

PTTEP says that pre-FEED activities, as well as studying development options for Thornbury Phase 1, have moved ahead. Phase 1

40,000

TBD

HOLD

Expansion

20,000

TBD

HOLD

Renergy Petroleum (Canada) Co., Ltd. Muskwa

Koch Exploration Canada Corporation

Pilot

Updated: Dec 2014

OSUM Oil Sands Corp.

Japan Canada Oil Sands Limited

REGULATORY STATUS

The environmental assessment director has deemed the environmental impact assessment report complete for MEG Energy’s Surmont project.

Updated: Jul 2014

Grizzly filed the regulatory application for May River phases 1 and 2 in December 2012. The company plans to file the regulatory application for a 90,000-bbl/d full field development by December 2016.

Pilot

START-UP

Surmont

Grizzly Oil Sands Ulc

Expansion

CAPACITY

Updated: Sep 2014

Renergy Petroleum, an affiliate of Changjiang Investment Group, has applied to construct and operate a one-year pilot project on an existing wellsite that would test a proprietary steam and CO2 cogeneration and co-injection scheme. Muskwa Experimental Pilot

TBD

2015

APPL

Statoil Corner

Updated: Sep 2014

Statoil says it will delay the Corner project for at least three years, citing rising costs and market access issues. Phase 1

40,000

TBD

Leismer

HOLD Updated: Sep 2014

Demonstration

10,000

2010

OP

Commercial

10,000

2011

OP

Expansion

20,000

TBD

Approved

40,000

TBD

Suncor Energy Inc. Chard Phase 1

Updated: Nov 2012

Meadow Creek East

ANN Updated: Sep 2014

Phase 1

20,000

2020

Approved

Phase 2

30,000

2022

Approved

Phase 3

30,000

TBD

Approved

Surmont Energy Ltd. Wildwood

Updated: Jun 2014

The Wildwood project is waiting on Alberta Energy Regulator approval. Surmont says that financing is not currently in place, but there are several interested parties in Asia and domestically for either a joint venture or straight investment. Phase 1

12,000

TBD

APPL

Value Creation Inc. Advanced TriStar

Updated: Feb 2014

The Alberta Energy Regulator says it will defer decisions on applications for in situ oilsands projects in the new shallow thermal area of the Athabasca region until it has developed formal regulatory requirements. Advanced TriStar is one of five impacted projects. ATS-1

15,000

2016

APPL

ATS-2

30,000

2018

APPL

ATS-3

30,000

2020

TriStar

APPL Updated: Feb 2014

Value Creation says it is funded for the TriStar project but has not yet decided on a construction timeline. Pilot

1,000

TBD

Approved


P R O J E C T S TAT U S

CURRENT PROJECT

CAPACITY

START-UP

REGULATORY STATUS

Exclusive Authorized Distributor

COLD LAKE REGION — IN SITU Baytex Energy Corp. Gemini

Updated: Dec 2014

Baytex planned to file a regulatory amendment for a 5,000-bbl/d SAGD project (versus the approved 10,000-bbl/d SAGD project) in the fourth quarter of 2014. The amendment will include additional delineated lands as well as capture various facility modifications. While this regulatory step is necessary to progress the project, Baytex says that a final investment decision is contingent upon a full economic review and the outcome of the front-end engineering study, which is currently in progress. Pilot

1,200

2014

OP

Commercial

5,000

2017

Approved

Birchwood Resources Inc. Sage

Updated: Sep 2014

Birchwood Resources has engaged Sayer Energy Advisors in a strategic review process. Pilot

5,000

TBD

APPL

Canadian Natural Resources Limited •

Primrose & Wolf Lake

Updated: Feb 2015

Canadian Natural says its stepwise plan to return to steaming operations at Primrose with enhanced mitigation strategies in place has progressed. A low-pressure steamflood is now operating at Primrose East Area 1 and is performing as expected. Primrose South received approval for additional CSS on four pads in September 2014; production is targeted to ramp up in 2015. Additionally, during the third quarter of 2014, an application for low pressure CSS was submitted to the Alberta Energy Regulator for Primrose East Area 2. The company does not plan to drill any new production wells at Primrose in 2015. Wolf Lake

13,000

1985

OP

Primrose South

45,000

1985

OP

Primrose North

30,000

2006

OP

Primrose East

32,000

2008

OP

Devon Canada Corporation Walleye

Updated: Mar 2014

Devon says the Walleye project is currently on hold. Phase 1

9,000

2016

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APPL

Husky Energy Inc. Caribou Demonstration

Updated: Nov 2010 10,000

TBD

Tucker

Approved Updated: Jan 2015

Maintenance turnaround planned for the third quarter of 2015. Phase 1

30,000

2006

OP

Imperial Oil Limited •

Cold Lake

Updated: Feb 2015

Imperial says that steam injection at the Nabiye expansion project began in January. Bitumen production is targeted in the first quarter. Phase 1-10 Phase 11-13 Experimental SA-SAGD Phase 14-16

110,000

1985

OP

30,000

2002

OP

TBD

2013

OP

40,000

2015

OP

OSUM Oil Sands Corp. Orion

Updated: Sep 2014

OSUM says that operational improvements to progressively increase production to 10,000 bbls/day will be pursued 2014-16 and funded through cash flow. Phase 1

10,000

2007

Phase 2

10,000

TBD

Taiga

OP Approved Updated: Sep 2014

OSUM says that Taiga Phase 1 will be advanced in 2015-16 subject to financing. Phase 1

12,500

TBD

Approved

Phase 2

12,500

TBD

Approved

Phase 3

20,000

TBD

Approved

Pengrowth Energy Corporation •

Lindbergh

Updated: Feb 2015

Pengrowth has revised its development plan for the Lindbergh project into two optimized phases versus the originally planned three. The company expects overall capital cost savings of about $800 million using the new approach. Pilot Phase 1

1,260

2012

OP

11,240

2015

OP

MARCH 2015 | OILSANDSREVIEW.COM

31


P R O J E C T S TAT U S

CURRENT PROJECT

CAPACITY

START-UP

Lindbergh (continued)

REGULATORY STATUS

CURRENT PROJECT

Updated: Feb 2015

Phase 1 Optimization

3,500

Phase 2 Expansion

34,000

TBD

UC

2017

APPL

CAPACITY

START-UP

REGULATORY STATUS

Phase 2B

45,000

2016

UC

Phase 3

80,000

2017

UC

Ivanhoe Energy Inc.

PEACE RIVER REGION — IN SITU

Andora Energy Corporation

Ivanhoe Energy says that is in ongoing discussions with various stakeholders to recapitalize the company.

Sawn Lake

Updated: Dec 2014

Andora majority owner Pan Orient Energy says that early stage production numbers compare favourably to an analogous reservoir in a demonstration project operated by another company of similar reservoir type that is being monitored as a basis of comparison. Demonstration

1,400

2014

2,000

2011

OP

Baytex Energy Corp. Cliffdale

Updated: Sep 2014

Pilot Harmon Valley

OP

Phase 1

TBD

2011

Pilot

TBD

TBD

Seal/Cadotte

Cancelled Updated: Feb 2014

Pilot

TBD

TBD

OP

Northern Alberta Oil Ltd. Sawn Lake

Updated: Jun 2014

Pilot

700

TBD

Approved

Penn West Petroleum Ltd. Updated: Sep 2014

Pilot

TBD

2014

75

2011

OP

TBD

APPL

Seal Main

OP Updated: Sep 2014

Pilot Commercial

10,000

Royal Dutch Shell plc Peace River

Updated: Feb 2015

Shell says it will delay investment in the third phase of the Carmon Creek project. More details to come. Cadotte Lake

12,500

Carmon Creek - Phase 1

40,000

Carmon Creek - Phase 2

40,000

1986 2017 2018

OP UC Approved

Dawson

Updated: Sep 2014

Experimental Demonstration

TBD

Phase 2

10,000

2014

OP

TBD

ANN

SASKATCHEWAN REGION — IN SITU

U1 and U2

Axe Lake

Updated: Dec 2012

Cenovus Energy acquired the Axe Lake project in fall 2012. The company has not yet announced plans for the asset, stating only that it is a good “bolt on” addition to the emerging Telephone Lake project, which is adjacent. Commercial

30,000

TBD

HOLD

NORTH ATHABASCA REGION — UPGRADER BP p.l.c. Terre de Grace

Updated: Apr 2014

BP says that ongoing appraisal activities continue. 8,400

TBD

Approved

Canadian Natural Resources Limited Horizon

Updated: Feb 2015

Canadian Natural has significantly reduced capital spending on its in situ projects in 2015 but says that the phases 2 and 3 expansions at Horizon remains on track. A major turnaround is scheduled for the third quarter. Phase 1 Reliability - Tranche 2 Phase 2A

32

OILSANDS REVIEW | MARCH 2015

225,000

1967

OP

Millennium Vacuum Unit

35,000

2005

OP

Millennium Coker Unit

97,000

2008

OP

Syncrude Canada Ltd. •

Mildred Lake/Aurora

Updated: Feb 2015

Syncrude has filed the regulatory application for the MLX project. Base Plant Stage 1 & 2 Debottleneck

250,000

1978

OP

Stage 3 Expansion (UE-1)

100,000

2006

OP

TBD

ANN

Stage 3 Debottleneck

75,000

SOUTH ATHABASCA REGION — UPGRADER Long Lake

Updated: Jan 2015

CNOOC says that first oil from Kinosis 1A has been achieved. Phase 1

58,500

2009

OP

Value Creation Inc. Advanced TriStar

Updated: Feb 2014

The Alberta Energy Regulator says it will defer decisions on applications for in situ oilsands projects in the new shallow thermal area of the Athabasca region until it has developed formal regulatory requirements. Advanced TriStar is one of five impacted projects. ATS-1

12,750

2016

APPL

ATS-2

25,500

2018

APPL

ATS-3

25,500

2020

TriStar

APPL Updated: Feb 2014

Pilot

820

TBD

Approved

INDUSTRIAL HEARTLAND REGION — UPGRADER North West Upgrading Inc. Redwater Upgrader

Cenovus Energy Inc.

Updated: Dec 2014

Value Creation says it is funded for the TriStar project but has not yet decided on a construction timeline.

Touchstone Exploration Inc.

Pilot

APPL

CNOOC Limited

Harmon Valley South

2017

Base Operations

OP

Updated: Nov 2012

34,784

Suncor says that oilsands production volumes increased to an average of 411,700 bbls/d in the third quarter of 2014, driven primarily by the completion of the Firebag ramp-up and smaller planned coker maintenance in the current year quarter compared to the prior year quarter, partially offset by a weather-related site-wide power outage and unplanned upgrader maintenance.

Murphy Oil Company Ltd. Cadotte

Updated: Feb 2015

Suncor Energy Inc.

Updated: Feb 2013

Pilot

Tamarack

Updated: Jan 2015

In November 2014, North West Upgrading reported that the first of many modules being constructed in the Edmonton region had been completed and shipment to the site would begin in late 2014 or early 2015. Preparation of the module and equipment marshalling yard on lands adjacent to the refinery site continues, and the first module deliveries will be made to this area until unit-area contractors are ready to move modules to their foundations. Phase 1

50,000

2017

UC

Phase 2

50,000

TBD

Approved

Phase 3

50,000

TBD

Approved

Shell Albian Sands Scotford Upgrader

Updated: Sep 2014

Commercial

155,000

2003

OP

Expansion

100,000

2011

OP

Value Creation Inc. Heartland

Updated: Mar 2013

Reports are that Value Creation could be up and running within 18 months of project sanction, but funding remains unclear.

110,000

2009

OP

Phase 1

46,300

TBD

HOLD

5,000

2014

OP

Phase 2

46,300

TBD

Approved

12,000

2014

OP

Phase 3

46,300

TBD

Approved


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