Petrobank to boost cold heavy oil output

By OGJ editors

Petrobank Energy & Resources Ltd., Calgary, has adjusted its 2012 development plans for heavy oil projects in Canada toward cold production, in one case to prepare the reservoir for its proprietary toe-to-heal air injection (THAI) process.

The company recently reported production increases at its Kerrobert THAI project starting up in southwestern Saskatchewan (OGJ Online, Apr. 23, 2012). There, it said in its first-quarter financial report, “our operating philosophy remains unchanged with a focus on gradually increasing production, reducing pump and surface downtime, and reducing per-barrel operating costs.”

At its Dawson THAI project in northwestern Alberta, Petrobank deferred completion in late 2011 to save on costs of a winter start-up and will produce cold heavy oil from existing horizontal wells (OGJ Online, Nov. 30, 2010).

“We have determined that the Dawson reservoir would benefit from being preconditioned” by the cold production, the company said.

“We expect to begin the two-well THAI demonstration project in 2013, and the full-field THAI development application is expected to be filed after the THAI demonstration project is on production.”

Petrobank also will use some of its existing wells in Saskatchewan for cold heavy oil production.

“While Petrobank’s primary focus is THAI production, we will take advantage of existing opportunities on our lands to increase production,” it said. “Success with these completions and reactivations may lead to additional conventional drilling opportunities.”

Related Articles

Bakken field production reaches 1 billion bbl mark

04/28/2014 Citing data from IHS, Continental Resources Inc. reported that Bakken field has surpassed 1 billion bbl of cumulative light, sweet crude oil produc...

EIA: Marcellus gas production continues to outpace takeaway capacity

04/25/2014 Rising production of natural gas in the Marcellus shale play in the Appalachian basin continues to outpace the growth in the region’s pipeline take...

Baker Hughes: US drilling rig count leaps to 1,861

04/25/2014 The US drilling rig count jumped 30 units to reach a total of 1,861 rigs working during the week ended Apr. 25, Baker Hughes Inc. reported. The US ...

Gazprom loads first oil shipment from Arctic’s Prirazlomnoye field

04/21/2014 JSC Gazprom Neft has loaded its first shipment of oil produced from Prirazlomnoye field, 60 km offshore in the Russian Arctic shelf. The field was ...

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