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oil sand

Total to upsize Alberta Joslyn oil sand project by 50% After making the final investment decision (FID) on the Athabasca Fort Hills oil sand project in joint venture with Suncor Energy (Suncor), the French major company Total and its partners Suncor, Occidental Petroleum (Oxy) and Inpex, are considering to revise upward the capacity of its […]

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Definition Recoverable reserves are defined as the proportion of resources, here oil and gas, that can be technically, economically and legally possible to extract. The recoverable reserves may also be called proven reserves. Comments The recoverable reserves may be far different from the total resources called total Petroleum Initially-In-Place (PIIP). This Petroleum Initially-In-Place (PIIP) is an estimation resulting from exploration campaign […]

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Definition SAGD is the acronym of Steam Assisted Gravity Drainage. The Steam Assisted Gravity Drainage is a process to produce oil from tar-sands. Comments The SAGD process has been developed in Ontario, then in Alberta by Imperial Oil (ExxonMobil) in the years 1970s. Canada holds the most important reserves of extra heavy crude oil, also called […]

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