facebook
twitter
rss
account
search
search
 

Statoil starts production of oil sands

Jan. 28, 2011 at 9:59 AM   |   Comments

CALGARY, Alberta, Jan. 28 (UPI) -- Norwegian energy company Statoil said it launched oil sands production at a demonstration facility in Canada one month ahead of schedule.

Lars Christian Bacher, the president of Canadian operations for Statoil, said his company was pleased with early oil production from the Leismer demonstration project in Canada's Alberta province.

"This is truly a milestone for our business in Canada," he said in a statement.

The first phase of operations for the Leismer demonstration project is approved to produce 10,000 barrels of oil per day. Capacity could reach 18,800 bpd within two years pending approval by the Alberta government.

Statoil's lease is in the oil-rich area of Athabasca in northeast Alberta. The next phase of operations in the region could bring another 40,000 barrels of oil sands per day on stream, the company said.

"Over the last three years we have increased our understanding of the oil sands business and feel we are now in a good position to apply what we have learned," said Bacher.

Statoil expects to ship oil sands from the Leismer project in the Athabasca region of Alberta in late 2011.

© 2011 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Freedom variant LCS takes to water Freedom variant LCS takes to water
2
MDA demos tracking, targeting capability of Aegis MDA demos tracking, targeting capability of Aegis
3
CNN absent from the Dish Network lineup CNN absent from the Dish Network lineup
4
Australia upgrading Tiger helos; receives MH-60R from U.S. Australia upgrading Tiger helos; receives MH-60R from U.S.
5
Iraq seeks thousands of tank rounds Iraq seeks thousands of tank rounds
Trending News
Around the Web
x
Feedback