It's ridiculously massive — … HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) achieved a significant milestone at its Surmont oil sands project in Canada with the on-schedule start of first steam at phase 2 on May 29. The Alberta government has approved the development plan for MEG Energy Corp.’s Surmont oil sands project 53 miles south of Fort McMurray. Monday - Friday 07:30 AM - 04:00 PM. Interim reclamation allows oil sands developers to establish forest vegetation on disturbed areas many years in advance of the final reclamation, which occurs at the end of the project’s life and is a regulatory requirement. ConocoPhillips says it plans to cut production at its Surmont oil sands operation due to low oil prices until market conditions improve. Suncor Refinery EDM. Production over the next two years will increase to 118,000 barrels of oil per day. A small acid leak has led to a temporary shutdown at ConocoPhillips Inc.’s (NYSE:COP) oil sands Surmont project in Alberta, Canada. The Surmont oil sands project will extract bitumen from the McMurray Formation, a reservoir that holds very similar properties to those at Christina Lake (shown). Surmont Phase 2 Oil Sands project involves the expansion of the Surmont steam-assisted gravity drainage (SAGD) plant to increase its production capacity from the existing 27,000 barrels of bitumen a day to 136,000 barrels of bitumen a day.. At Montney, the company has progressed exploration and appraisal activities and plans to grow production significantly through the next decade. Headquartered in Calgary, Alberta, our world-class portfolio includes the Surmont oil sands project in the Athabasca region of northeastern Alberta and exciting opportunities in the liquids-rich Montney play in northeast British Columbia. Sep 25. Paris - Total announces the start-up of production from the Surmont 2 oil sands project, located 63 kilometers southeast of Fort McMurray in the Athabasca region of Alberta, Canada. Saturday - Sunday Closed. Surmont is located approximately 63 kilometers southeast of Fort McMurray, Alberta, in the Athabasca oil sands region. Together with the Surmont-1 project, ConocoPhillips plans to produce 150,000 barrels of oil per day. Imperial Oil Sands Kearl Mine. Our production averaged 70,000 barrels of oil equivalent per day in 2018 and proved reserves were 200 million barrels of oil equivalent. The Houston-based company said in a release that it expects to reduce production at Surmont by approximately 100,000 barrels of oil per day to 35,000 by May. Surmont Conocophillips Total Oil Sands. The Surmont bitumen field. Total SE announced an US$8.1-billion writedown after the coronavirus pandemic hammered energy prices and challenged assumptions about long-term demand growth for oil and gas. The oil sands have some of the highest full-cycle breakeven costs in the world, with new thermal projects needing U.S. crude prices around $60 a barrel. The Surmont field alone contains something like 25 billions barrels of bitumen in place. Partners ConocoPhillips and Total have started production at the Surmont 2 in-situ oil sands facility in Canada. The company has led the Faster Forests collaboration since it was launched at its Surmont oil sands project south of Fort McMurray in 2009. The Surmont leases fall in the southern Athabasca region of Alberta, approximately 80 kilometres south of Fort McMurray, an area that has been extensively explored and developed for natural gas projects and oil resources. Construction for the facility, which is located at a 63km distance to the southeast of Fort McMurray in the Athabasca region of Alberta, started in 2010. ConocoPhillips has restarted production at its Surmont oil sands project, which had been shut down as a precaution due to a massive wildfire in northern Alberta, Conoco said in a statement on Tuesday. As a result, Total will be writing down a total of $7.3 billion in assets in the Fort Hills oil sands mine as well as the Surmont thermal oil sands project, of which it has a 24.6% and 50% ownership in, respectively. The Surmont Project is a proposed multi-phased development with a total design capacity of approximately 120,000 bpd. Edmonton, AB T5V 1P9 780-486-2422 [email protected] 780-486-2499. Nexen Long Lake. Surmont. Jul 26 ConocoPhillips swings to a profit in Canada as netbacks at Surmont greatly improve PROJECTS. The Surmont site is located approximately 60km south-east of Fort McMurray, Alberta, in the Athabasca oil sands region. Headquartered in Calgary, Alberta, our world-class portfolio includes the Surmont oil sands project in the Athabasca region of northeastern Alberta and exciting opportunities in the liquids-rich Montney play in northeast British Columbia. Suncor Firebag. The dataset covers most of the Surmont lease, in the giant Athabasca Oil Sands play of northern Alberta, Canada. Last week, ConocoPhillips and partnering French oil giant Total said they would voluntarily curtail some production at their Surmont oil sands facility in Western Canada. Surface mining is used when bitumen is within 250 feet of the surface. PCL Horizon. Hours. Our production averaged 70,000 barrels of oil equivalent per day in 2018 and proved reserves were 200 million barrels of oil equivalent. Nov 8 ConocoPhillips works to improve product flexibility at Surmont while lowering emissions TECHNICAL. FORT MCMURRAY, September 2, 2015 – ConocoPhillips’ oil sands mega-project Surmont-2 in northeastern Alberta began producing oil on Wednesday, the company announced. Jul 26. Surmont Phase I began commercial oil production in October 2007 and Surmont Phase II began production in 2015. Service Area. In-situ recovery techniques are used to extract deep deposits of bitumen without removing the soil and materials above it. The great oil-sands building boom is coming to an end, after a decade-long $227-billion industry spending spree. The Surmont Phase II project has a nameplate capacity of 118,000 barrels per day and is the largest SAGD production facility built in a single phase. Surmont is operated by ConocoPhillips Canada and is a 50/50 joint-venture with Total E&P Canada. Western Canada … The Surmont leases consist of approximately 80 … Nov 8. Devon Energy Inc. is auctioning off its stake in the $1.4-billion Surmont oil sands project in northern Alberta as part of a wider sale of one-eighth of its production. The Surmont project is located approximately 60 kilometres southeast of Fort McMurray, Alberta, in the Athabasca oil sands region. 70,000 barrels of oil equivalent January 20, 2010 Corp. ’ s Surmont sands. 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