Total 5-year investment on the sands is expected to be around $5 billion, and a compound annual growth rate of 16% is anticipated. Once we achieve that, hopefully in early 2013, we’ll start testing mitigation methods.”. Extracted oil sands crude can then be refined into gasoline and other hydrocarbon products. The 50/50 joint-venture is backed by a 10-year 50,000 bbl/day take-or-pay processing agreement with ConocoPhillips Canada. Current gross production capacity is 140 MBOED, and there is potential for debottlenecking projects to increase capacity. CALGARY, Jan. 19, 2010 – ConocoPhillips [NYSE: COP] today announced the second phase of the Surmont project, a Canadian oil sands steam-assisted gravity drainage (SAGD) facility. Thermocouples placed along the pipe length indicate areas where higher temperature may reflect a buildup inside. Chevron's 20 per cent stake in the project was not affected. They do not purport to provide exact locations of pipelines or facilities in your area. Visit our Cookie Policy for more information. ConocoPhillips is a founding member of Canada’s Oil Sands Innovation Alliance (COSIA), an alliance of oil sands producers focused on accelerating the pace of improvement in environmental performance in Canada’s oil sands through collaborative action and innovation. Because it does not flow like conventional crude oil, it must be mined or heated underground before it can be processed. Oil Sands ConocoPhillips’ bitumen resources in Canada are produced using SAGD technology. By clicking accept, you consent to the use of cookies while browsing this site. The two companies also announced they would buy Houston-based Marathon Oil's 20 per cent stake in the Athabasca Oil Sands Project for a total of US$2.5 billion. In-situ recovery techniques are used to extract deep deposits of bitumen without removing the soil and materials above it. SAGD involves injection of steam into the reservoir, effectively liquefying the heavy bitumen, which then is recovered and pumped to the surface for further processing. To study the problem using boiler feedwater samples, the team created a 1/1000th scale replica that simulates actual boiler conditions. Surface mining is used when bitumen is within 250 feet of the surface. Oil sands are naturally occurring geologic formations that contain a mixture of water, sand and thick, heavy oil that can be found in many parts of the world. Latimer is lead principal engineer of the Novel Processes team in out Oil Sands Technology group. While approximately 20% of the total oil sandsâ recoverable reserves are close enough to the surface to be recovered through surface mining, the vast majority of oil sands deposits average depths of 1,300 feet below the surface. The resulting oil and condensed steam mixture (emulsion) is then piped from the producing well to a nearby plant, where it is separated and treated. View fullsize. In 2010, ConocoPhillips commenced construction of Surmont 2, and achieved first production in the third quarter of 2015. SAGD involves injecting steam underground through a horizontal well to liquefy the bitumen and pump it to the surface for further processing. The COSIA sponsorship is funded and managed by a joint industry project (JIP) consisting of six oil sands companies led by ConocoPhillips. ConocoPhillips Canada will retain its operated 50% interest in the Surmont oil sands joint venture and its operated 100% Blueberry-Montney unconventional acreage position, where … The ConocoPhillips Canadian operations are comprised primarily of oil sands assets in the Athabasca region of northeastern Alberta and unconventional development in British Columbia. “The test unit is designed to accelerate fouling, allowing us to run a test more quickly. conocophillips • canadian operations: oil sands conocophillips • canada: fact sheet • mar 2019: aer updates: conocophillips • 2019 surmont sagd performance review • apr 2019: regulatory filings: conocophillips • application for approval of surmont 2 project • jun 2006 Suncor is a unique and sustainable energy company dedicated to vigorous growth in worldwide markets through meeting or exceeding the changing expectations of our current and future stakeholders. All in Excel format, no special software required. After fouling material has built up, we cut up the pipe, scrape out the deposited material and send it out for chemical analysis.”, What does the future hold for Latimer and his team? The ConocoPhillips Canadian operations are comprised of oil sands assets in the Athabasca region of northeastern Alberta and unconventional resource development in British Columbia. Oil sands are recovered using two methods, depending on the depth of the reserves. The company is on the hook for payments to ConocoPhillips for each quarter in which the price of Western Canadian Select oil sands crude fetches more than $52 (Canadian) per barrel. Phase 2, slated to begin initial construction in 2010, will increase Surmont's gross production capacity from 27,000 to 110,000 barrels per day. Bitumen is very viscous – it doesn’t flow like conventional crude oil — and therefore requires special extraction methods to get it out of the ground and into a state where … Visit our Cookie Policy for more information. In a nearby plant, steam generators transform water into steam, which then travels through above-ground pipelines to the wells. Apr 16 ConocoPhillips cuts Surmont output by 100,000 bbl/day, as heavy oil prices fall below US$3 PROJECTS Surmont is the latest oil sands facility to significantly reduce output, as Canadian crude prices plunge to historic lows. We also have four additional land holdings in the Athabasca region called Thornbury, Saleski, Crow Lake and McMillan Lake, which contain substantial bitumen resources. Catching Thieves in the Oil Sands | ConocoPhillips Catching Thieves in the Oil Sands Oil sands reservoirs may experience “thief zones” — areas above or below the oil zones that “steal” energy and pressure. Steam injected into a well using the SAGD (steam-assisted gravity drainage) production method condenses to water and along its path picks up impurities. In addition, opportunity exists for future expansion. ConocoPhillips is focusing on structurally lowering costs and reducing greenhouse gas intensity while ramping up production. ConocoPhillips revises down oil sands reserves by a billion-plus barrels underscoring region's price vulnerability The fact that the oil sands make up 70 per cent of the reduction underlines how much of Canada's resources are uneconomic in a weaker oil environment Ed Latimer is passionate about gunk, most notably the kind produced by steam boilers used in oil sands recovery. Now, ConocoPhillips joins the growing list of foreign owners in the past year who wanted to sell oil sands assets – but gave up for a lack of buyers. These deposits can only be recovered using in-situ recovery techniques, such as steam-assisted gravity drainage (SAGD). “ConocoPhillips is proud of our role in this extraordinary competition that is making strides to meaningfully contribute to the global challenge of reducing CO2 emissions,” says Kirk Johnson, president, CPC. Canada Highlights Exploration and Production A pair of horizontal wells is drilled from a central well pad. By clicking accept, you consent to the use of cookies while browsing this site. Extracted oil sands crude can then be refined into gasoline and other hydrocarbon products. The leasehold is located near the southern edge of the Athabasca oil sands and south of Fort McMurray, Alberta and comprises 226,000 net acres of undeveloped land. As global energy demand grows, Canada’s oil sands are emerging as one of the largest and most reliable long-term energy sources in the world. He has also spent over 20 years with Burlington Resources, Inc. (oil and gas) where he served as Executive Vice-President and Chief Operating Officer from 2002 until it was acquired by ConocoPhillips in 2006. Current investment programs are focused on the operated Surmont oil sands development and the liquids-rich Montney unconventional play in northeastern British Columbia. Conoco will retain one oil sands asset: a 50 per cent stake in the Surmont joint venture with Total of France. Steam injection and oil production happen continuously and simultaneously. We believe this approach will enable us to deliver long-term value and satisfaction to ConocoPhillips’ employees, neighbours and partners. Business development in oil sands, offshore, Northern Territories and Western Canada conventional. Our world-class portfolio includes an operated 50 percent interest in the Surmont oil sands joint venture in the Athabasca region of northeastern Alberta and exciting opportunities in the liquids-rich Montney play in northeast British Columbia. ConocoPhillipsâ bitumen resources in Canada are produced using SAGD technology. SAGD involves injection of steam into the reservoir, effectively liquefying the heavy bitumen, which then is recovered and pumped to the surface for further processing. For ConocoPhillips, sustainable development is about conducting our business to promote economic growth, a healthy environment and vibrant communities, now and into the future. This resource requires special extraction methods to get it out of the ground and into a state where it is fluid enough for transportation by pipeline. Over the life of this multidecade project, Surmont will provide many social and economic benefits to the area. THE PROCESS. ConocoPhillips said it will sell its interest in Alberta’s Clyden oil sands leasehold to Imperial Oil Ltd and ExxonMobil Corp’s Canadian unit for about US$720 million. ... Get access to our entire database of daily oil and gas prices, monthly energy statistics and oil sands production metrics. HOUSTON – ConocoPhillips (NYSE: COP) today announced it has entered into an agreement to sell its 100 percent interest in the Clyden oil sands leasehold to Imperial Oil and ExxonMobil Canada for approximately $720 million (C$751 million) before customary adjustments. ConocoPhillips is seeking a buyer for 50% of a large portion of its Canadian oil sands holdings, assets that could eventually produce more than half a million barrels a day, the U.S. oil major said on Monday Prior to that, Mr. Limbacher held the position of Executive Vice-President, Western Hemisphere for ConocoPhillips (oil and gas) from 2006 to 2007. Oil sands are recovered using two methods, depending on the depth of the reserves. Surmont is a SAGD bitumen recovery facility that is operated by ConocoPhillips under a 50/50 joint venture agreement with Total E&P Canada. The equipment reduces thousands of feet of tubing to just 22 feet, using 20,000 watts of electrical heat. The water is recycled for generating new steam, and our heavy oil is blended with synthetic crude oil and shipped by pipeline to the United States for refining. The energy infrastructure assets depicted on our interactive map are for general information purposes only. Surface mining is used when bitumen is within 250 feet of the surface. The hydrocarbon resource found in Canada’s oil sands is called bitumen. Oil sand is a mixture of bitumen, sand and water. The steam heats the bitumen until it reaches a temperature where it can drain to the producing bottom well. CALGARY, Alberta (Reuters) - ConocoPhillips COP.N on Wednesday agreed to sell oil sands and western Canadian natural gas assets to Cenovus Energy Inc … ConocoPhillips Canada is the Canadian division of ConocoPhillips, the world’s largest independent exploration and production company based on production and proved reserves. The deals are expected to close in mid-2017. Getting Oil Sands Out of the Ground. Citing low Western Canada Select prices, Conoco yesterday announced its plan to reduce output at the oil sands operation by 100,000 barrels per day, to 35,000 barrels. Commercial production from Surmont 1 began in 2007. WCS, the benchmark price for the oil sands industry, hit a record low of less than US$3 a barrel this week. Continued accumulation leads to fouling in the steam boilers, requiring more frequent boiler outages to clean the tubes. http://EnergyTomorrow.org ConocoPhillips recently hosted reporters and bloggers at their Surmont facility in Alberta, Canada. That means we co-own the development, but the facility itself is staffed and run by ConocoPhillips Canada employees and contractors. Calgary Zoo Daily Dose Features ConocoPhillipsâ Sponsored Biofacts Program, ConocoPhillips Canada Donates $175 000 to Support Canadian Communities, Diving into Data â ConocoPhillips and Data Analytics. “Right now we’re trying to understand what specific impurities in the water are responsible and what the mechanism is for laying deposits down on the wall. The largest oil sands reserves are located in Canada. During production, if steam goes into those areas, it can reduce reservoir pressure and temperature and inhibit production. Net production at Surmont more than doubled in 2016. We run four gallons of water an hour, about 100 per day. ConocoPhillips seeks partner for oil sands assets . Previously held senior commercial management roles with ExxonMobil Canada and North American Oil Sands / Statoil Hydro Canada ... ConocoPhillips and Marathon Oil Co.
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