Oh Canada - Significant Developments in Canadian Energy - November 2011


In This issue:

- Oil Sands News

- East Coast News

- West Coast News

- Canadian Arctic News

- Alternative Energy News

- On the Horizon

- Abbreviations

- Contact Us

Excerpt From Oil Sands News

Statoil has submitted an ERCB application for a solvent co-injection pilot project at its Leismer SAGD facility. The primary goal of the project is to simultaneously increase the recovery and production rates while reducing energy requirements and greenhouse gas emissions. Subject to regulatory approval and a long-term condensate-type diluent supply, the Leismer project is expected to start in the second quarter of 2012, and could be online commercially by 2017. The company noted that this process couldalso be applied at Corner, another of its SAGD projects, which is slated to commence in 2015.

SilverBirch has submitted a regulatory application for its Frontier Project (which includes the company’s Equinox project), seeking approval for a 277,000 bpd oilsands mining and bitumen extraction project. Construction on the project, which is half-owned by each of SilverBirch and operator Teck Resources, is anticipated to start in 2016. The company expects the project to produce 2.8 bbbl of bitumen over its life, with first production slated to commence in 2021.

Please see full newsletter below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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