Jacos expanding oil sands operations
Japan Canada Oil Sands has plans to expand its Hangingstone oil sands
operation, which will provide more production capacity from the area of up
to 35,000 barrels per day over a projected period of 25 to 30 years.
The Jacos Hangingstone facilities are on Lease OSL70, about 50 kilometres
(31 mi) southwest of Fort McMurray and 25 kilometres west of the community
of Anzac.
Jacos is the operator with a 75% interest in the 72 sections of land that
make up the Hangingstone leases with Nexen and lessee of the remaining 25%
interest, said the company in a statement.
The companies will seek regulatory approval in 2010 pending completion of
further engineering work and an Environmental Impact Assessment.
Commissioning and start-up of the facilities is expected in the third and
fourth quarters of 2014.
Jacos currently operates a Steam Assisted Gravity Drainage (SAGD)
demonstration project about 50 kilometres southwest of Fort McMurray,
Alberta, in Township 84, Range 11 W4M.
This project is in its tenth year of operation of a projected 20 to 25 year
lifespan.
It started producing bitumen in July 1999 and production has increased to
its current level of 8000 bpd.
Licensed maximum capacity is 11,000 bpd.
Jacos holds the rights to leases covering around 46,000 net hectares in the
Athabasca region for future development.
These leases include the Hangingstone, Chard, Corner, Liege and Thornbury
areas.
Japan Canada Oil Sands Limited is a 100% owned Canadian subsidiary of Canada
Oil Sands, a Japanese subsidiary of Japan Petroleum Exploration.
08 May 2008 19:19 GMT
| last updated:
08 May 2008 19:21 GMT
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