MEG begins reg process for Surmont oil sands development
MEG Energy is gearing up the regulatory process to build and operate a 120,000 barrel per day operation in Alberta’s Athabasca oil sands region.
CALGARY: MEG Energy Corp. is gearing up the regulatory process to build and operate a 120,000 barrel-per-day operation in Alberta’s Athabasca oil sands region.
The Calgary-based energy company with an in-situ development at Christina Lake is looking to expand its production capability at its nearby Surmont property in the Southern Athabasca region.
“Building on our current production base nearby at Christina Lake, Surmont offers several advantages – we know the area geology well, we have established strong relationships with regional stakeholders, and it is relatively straightforward to link the project into existing pipeline and transportation infrastructure,” said MEG president and CEO Bill McCaffrey.
The company says environment and engineering studies are underway and it expects to submit a regulatory application by the middle of the year.
The project will use steam-assisted gravity drainage (SAGD) technology and include multi-well production pads, electricity and steam cogeneration, water and bitumen treatment, similar to MEG’s Christina Lake operation.
MEG currently produces about 30,000 barrels per day, and aims to grow that tenfold over the next decade through expansions at Christina Lake and Surmont
Files from Canadian Press