AEC, Gulf push heavy oil thermal recovery projects

Alberta Energy Co. Ltd., Calgary, will proceed with a $230 million (Canadian) heavy oil thermal recovery project at Foster Creek in northeastern Alberta. Meanwhile, Gulf Canada Resources Ltd., Calgary, says it is seeking partners for heavy oil thermal recovery projects at Surmont in northern Alberta and Kerrobert, Sask. These are the latest signs of increased heavy oil activity with Canadian prices doubling this year to more than $21/bbl (see special report articles on p. 17 and beginning on p. 34). AEC project AEC will drill the first of 25 pairs of wells in first quarter 2000 and plans to produce 20,000 b/d from the Foster Creek location by the end of 2001. The compa...

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