ConocoPhillips OKs Surmont oil sands project; plans 100,000 b/d of bitumen by 2012

By OGJ editors

HOUSTON, Nov. 13 -- ConocoPhillips approved the $1.1 billion Surmont oil sands project 60 km southeast of Fort McMurray, Alta., and plans to start construction in early 2004. Initial bitumen production will commence in 2006, increasing to more than 100,000 b/d by 2012, ConocoPhillips said.

The Surmont project will use the steam-assisted gravity drainage method of injecting steam into the oil sands to melt the heavy bitumen for easier recovery and processing.

ConocoPhillips subsidiary ConocoPhillips Canada, with a 43.5% stake in the project and lands, is Surmont operator; partners are Total SA 43.5% and Oklahoma City-based Devon Energy Corp. 13%.

Related Articles

Western gulf lease sale attracts $110 million in high bids

08/20/2014 Gulf of Mexico western planning area Lease Sale 238 drew 93 bids from 14 companies over 81 blocks covering 433,823 acres, totaling $109,951,644 in ...

ConocoPhillips, Enap sign deal to study unconventional oil, gas in Chile

08/06/2014 ConocoPhillips and Chile’s state oil company Empresa Nacional del Petroleo (Enap) have signed a technical agreement to jointly conduct geological, ...

Oando completes purchase of Nigeria assets from ConocoPhillips

07/30/2014 Oando Energy Resources (OER), a Calgary-based subsidiary of Oando PLC, has completed its acquisition of the Nigeria upstream business of ConocoPhil...

ConocoPhillips, Suncor join Shell in deepwater exploration off Nova Scotia

06/11/2014

ConocoPhillips and Suncor Energy Inc. are joining Shell Canada as partners in exploring the deepwater Shelburne basin off Nova Scotia.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected