Osum's Taiga heavy oil project approved

Osum Oil Sands Corp., Calgary, has received approval of its Taiga thermal heavy oil project near Bonnyville in the Cold Lake region of Alberta from the Energy Resources Conservation Board.

Approval came after Cold Lake First Nations withdrew an objection it had filed earlier.

The privately held company plans to use brackish water and recycling for steam-assisted gravity drainage and cyclic steam stimulation to develop proved plus probable reserves estimated at 359 million bbl of bitumen (OGJ Online, Feb. 23, 2012).

Development will occur in two phases for total production of 35,000 b/d. With best-estimate contingent resource of an additional 105 million bbl, the project might support production as high as 45,000 b/d, Osum says.

The company said timing of first production, earlier targeted for 2013, is under evaluation.

Related Articles

Baker Hughes: US drilling rig count drops to 1,803

03/21/2014 After consecutive weeks of significant gains, the US drilling rig count lost 6 units to 1,803 rigs working during the week ended Mar. 21, Baker Hug...

Cenovus gets AER approval for Grand Rapids oil sands project

03/21/2014 Cenovus Energy Inc. reported that it has received approval from the Alberta Energy Regulator (AER) for its wholly owned Grand Rapids thermal oil sa...

Shell lets contracts for Majnoon development

03/18/2014 Shell Iraq Petroleum Development BV has let engineering and procurement services contracts to Foster Wheeler Kentz Energy Services DMCC, Dubai, for...

Ivanhoe halts Tamarack oil sands project citing lack of regulatory ‘clarity’

03/18/2014 Ivanhoe Energy Inc. has suspended activity on its Tamarack oil sands project pending approval for its thermal oil sands application from the govern...

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