Because MEG's oil extraction occurs deep below the surface, natural ecosystems, including wetlands, trees and lakes are protected. Foster Creek began producing oil as a pilot under a predecessor company in 1997 and in 2001 became the first commercial oil sands project to use SAGD, while Christina Lake began producing oil in 2002. “Thanks to their efforts, we can proudly say today that we are an industry leader, that our oil sands projects have made a significant contribution to the Canadian economy, and that Cenovus’s oil is among the most responsibly produced oil on the planet.”. Tanks hold diluent used in our operations and blended bitumen for shipment on the Access Pipeline. By continuing to browse the site you are agreeing to our use of cookies. The MEG Christina Lake Project is located in the Athabasca oil sands region of Alberta, northeast of the Cenovus Christina Lake thermal project, and adjacent to Devon's Jackfish project. A review of the highs and lows of the second quarter 2020 and how Canadian oil sands companies are weathering the storm. This notice also sets out the deadline for filing statements of concern on both of the applications. Over the last five years, the company has established itself as an oil sands industry cost leader, achieving a 70% reduction in sustaining capital costs and a 45% reduction in operating costs. All material subject to strictly enforced copyright laws Please read our Terms & Conditions, Cookies Policy and Privacy Policy before using the site. Submit your details to receive further information about this report. The in situ project is being developed in several phases and uses Steam Assisted Gravity Drainage (SAGD) technology. Storm Ponds The in situ project is being developed in several phases and uses … Clearwater Oil Sands Pilot Project. - FAQs about online orders Learn more. Tank Farm The Project will consist of two additional processing facilities (Plants 3A … Cenovus Energy reaches production milestone in northern Alberta, Oil prices slip below $39 as Libya ramps up production, Cenovus hedges against a possible Biden win with Husky Energy deal, ADNOC pursues onshore field operations efficiencies with $324 million contract, World Oil editorial: Biden is a menace to sound energy policy and industry’s future, U.S. sanctions cripple Venezuela’s oil industry, Alberta ends OPEC-style curbs after Covid-led oil sands retreat, Applying ultra-deep LWD resistivity technology successfully in a SAGD operation, Adoption of wireless intelligent completions advances, Majors double down as takeaway crunch eases, What’s new in well logging and formation evaluation, Qualification of a 20,000-psi subsea BOP: A collaborative approach, ConocoPhillips’ Greg Leveille sees rapid trajectory of technical advancement continuing, Libya set to open last oil field in push to 1 MM barrel daily output, LWD dual-physics imager for OBM applications enables real-time geological characterization, Despite a challenging environment, the OFS sector has a major role in energy’s future, Identifying reservoir opportunities using automated well selection and ranking, World Oil editorial: Time for Trudeau regime to lend help to Newfoundland and Labrador’s offshore industry, Impact of Covid-19 on oil supply, demand and price to 2030, Oil and Gas Prices, Production, Rig Counts. The pilot project is located approximately one mile southeast of the Fort McMurray Regional Airport. Phases 1 and 2 were granted regulatory approval in February 2005 and March 2007, respectively. Since construction on the facilities began, Foster Creek and Christina Lake have created thousands of jobs and contributed over $25 billion in capital spending to the Canadian economy. CALGARY -- Cenovus Energy Inc. has announced that on July 10, 2019, the company reached 1 Bbbl of cumulative production from its Foster Creek and Christina Lake oil sands facilities in northern Alberta. E. Water Recycling Ponds The Alberta Energy Regulator (AER) has received Oil Sands Conservation Act (OSCA)application 1929776 and Environmental Protection and Enhancement Act (EPEA) application 030-48522 from Cenovus Energy Inc. (Cenovus). A. Subscribe to our trusted data and analysis for global energy, chemicals, metals and mining industries. Associated Engineering served as the program manager and engineers for the supporting infrastructure for the Christina Lake Regional Oil Sands … This water is recycled back into the operation. They are designed to maintain habitat connectivity and encourage wildlife movement in and around our project area. G. Well Pad Christina Lake is a multi-phased SAGD project, and currently the focus of MEG's oil development, Cogeneration technology simultaneously produces steam and electricity and has several advantages over conventional steam boilers, Access MEG's financial reports and annual regulatory filings, MEG Energy Announces Third Quarter of 2020 Results and Conference Call, MEG Energy announces second quarter 2020 free cash flow of $69 million, exiting the quarter with credit facility undrawn and $120 million of cash on hand. Construction for Phase 1 began in 2006 and steam injection began in March 2008, with first ... For details on how your data is used and stored, see our, Natural resources research for financial services, Oil Field Services & Original Equipment Manufacturers, Cumulative Net Cash Flow - Discounted at 10% from 01/01/2021, Remaining Revenue Distribution (Discounted at 10% from 01/01/2021). This facility separates the oil and diluent from the produced bitumen, gas and water. “One of the things that’s been very important to me from day one is to develop these resources responsibly, finding the right balance between generating economic value, protecting the environment and contributing to social well-being,” said Harbir Chhina, Cenovus executive V.P. Cenovus is the first company to produce 1 Bbbl of oil using steam-assisted gravity drainage (SAGD) technology. Above-ground pipelines carrying steam, gas and an emulsion of bitumen and water from well pads to MEG’s Central Processing Facility. This report includes 21 images and tables including: The Christina Lake project is located in the Athabasca region of Alberta, 120 kilometres to the south of Fort McMurray. Christina Lake oil sands leases. The company completed the 50,000-bbl/d Phase G expansion at its Christina Lake oilsands project earlier this year but is currently unable to fully bring the new production online due to Alberta’s oil curtailment.

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