Oilsands Review Project Status June 2012

Page 5

PROJECT STATUS

CURRENT PROJECT

CAPACITY

START-UP

REGULATORY STATUS

CURRENT PROJECT

­

Primrose South

45,000

1985

Operating

Northern Alberta Oil Ltd.

­

Wolf Lake

13,000

1985

Operating

­

Devon Canada Corporation ­

Walleye

­

Phase 1

Updated: Apr 2012 7,000

2015

Announced

Husky Energy Inc. ­

Caribou

­

Demonstration

­

Tucker

10,000

TBD

Approved Updated: Feb 2012

Production at Tucker has increased significantly, exiting 2011 at over 9,000 barrels per day versus 4,000 barrels per day the previous year. Husky says it has addressed subsurface challenges by remediating older wells with new completion and stimulation techniques and initiating revised start-up procedures. ­

Phase 1

30,000

2006

Operating

Imperial Oil Limited •

Cold Lake

Updated: May 2012

Imperial says drilling has been completed at Cold Lake on a three-well cyclic solvent process pilot that is expected to start up in late 2013. ­

Phase 1-10

110,000

1985

Operating

­

Phase 11-13

30,000

2002

Operating

­

Phase 14-16

40,000

2014

Construction

Koch Exploration Canada Corporation ­

Gemini

Updated: Apr 2012

A public hearing was planned on the project in February, but was cancelled after outstanding objections were dropped. The project was granted approval in March. ­

Stage 1

1,200

TBD

Approved

­

Stage 2

10,000

TBD

Approved

Osum Oil Sands Corp. ­

Taiga

Updated: Apr 2012

The ERCB has scheduled a public hearing into the Taiga project scheduled for May 23. ­

Phase 1

17,500

2014

Application

­

Phase 2

17,500

2016

Application

Pengrowth Energy Corporation ­

Lindbergh

Updated: Feb 2012

Pengrowth achieved first steam at the Lindbergh pilot in February.

Sawn Lake

CSS Pilot

700

TBD

Approved

Petrobank Energy And Resources Ltd. ­

Dawson

Updated: Apr 2012

Petrobank says that drilling of the well pairs for the demonstration project is complete and construction of the surface facilities will be complete later in 2012. ­

Phase 2

­

THAI Demonstration-Experimental

10,000

TBD

Announced

TBD

TBD

Construction

Royal Dutch Shell plc ­

Peace River

Updated: Dec 2011

Alberta’s environmental assessment director has deemed complete Shell Canada’s environmental impact assessment report for the Carmon Creek expansion. ­

Cadotte Lake

12,500

1986

Operating

­

Carmon Creek - Phase 1

40,000

2015

Application

­

Carmon Creek - Phase 2

40,000

2018

Application

Southern Pacific Resource Corp. •

Red Earth

Updated: May 2012

Southern Pacific is analyzing results from its latest CSS test at Red Earth. The company says it will finalize future development plans by the end of Q2. ­

Commercial

10,000

TBD

Announced

­

Pilot

1,000

2009

Operating

­

Pilot Expansion

3,000

TBD

Announced

SASKATCHEWAN REGION — IN SITU Oilsands Quest Inc. ­

Axe Lake

Updated: Apr 2012

Oilsands Quest has signed the definitive loan agreements for debtor-in-possession financing of $2.85 million, which will fund operating costs and other expenses while the company continues its solicitation process. ­

Commercial

TBD

On Hold

­

Reservoir Test

30,000 600

2008

On Hold

­

SAGD Pilot

TBD

TBD

On Hold

8,400

TBD

Phase 1 Commercial

12,500

2014

Application

NORTH ATHABASCA REGION — UPGRADER

­

Phase 2 Commercial

17,500

2016

Announced

BP p.l.c.

­

Pilot

1,200

2012

Operating

­

Terre de Grace

­

Pilot

Updated: Dec 2010

REGULATORY STATUS

Updated: Mar 2012

­

Royal Dutch Shell plc

START-UP

Company owner Deep Well Oil & Gas says DeGolyer & MacNaughton Canada has completed its reservoir modelling for a proposed horizontal cyclic steam stimulation pilot at Sawn Lake, concluding the project would yield commercial viable extraction. Deep Well is currently preparing a pilot plan and options for capitalization. ­

Updated: Nov 2010

CAPACITY

Updated: Mar 2012 Approved

­

Orion

­

Phase 1

10,000

2007

Operating

­

­

Phase 2

10,000

TBD

Approved

Canadian Natural reports that it has successfully completed unplanned maintenance on the fractionating unit in its primary upgrading facility and started up operations. The outage lasted from February 5 to March 13.

PEACE RIVER REGION — IN SITU Andora Energy Corporation •

Sawn Lake

Updated: May 2012

Andora Energy majority owner PanOrient Energy Corp. says no binding agreements have been made as a result of its strategic review process, and various alternatives are being considered in order to move ahead with the pilot program. ­

SAGD Demonstration

1,400

TBD

Approved

Canadian Natural Resources Limited Horizon

Updated: Apr 2012

­

Phase 1

114,000

2009

Operating

­

Phase 2A

10,000

2014

Approved

­

Phase 2B

45,000

TBD

Approved

­

Phase 3

80,000

TBD

Approved

­

Tranche 2

5,000

2012

Operating

JUNE 2012 | OILSANDSREVIEW.COM 73


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