ExxonMobil commissions $2bn Cold Lake Nabiye project in Canada
Exxon Mobil has commenced bitumen production at its $2bn Cold Lake Nabiye project in Alberta, Canada.
The facility currently produces around 20,000 barrels per day (bpd), and is expected to ramp up to 40,000bpd by the end of this year.
During its 30-year operational life, the Nabiye zone is expected to recover 280 million barrels of resources.
ExxonMobil Development Company president Neil Duffin said: "Nabiye will contribute important new production to ExxonMobil as we continue to bring new projects on line."
In 2004, ExxonMobil's majority-owned Imperial has secured regulatory approvals for Nabiye expansion. However, its amended development plan was approved in 2010 and a final decision on the project was taken in February 2012.
The expansion includes new steam generation and bitumen processing plant, field production pads and associated facilities, including a 170MW electrical cogeneration plant and sulphur-recovery facilities.
ExxonMobil Development executed the project on behalf of Imperial Oil, the Cold Lake project operator.
Said to be Canada's largest and longest-running in-situ oil sands operation, the Cold Lake facility comprises five steam generation and bitumen production plants.
ExxonMobil intends to increase its production volumes to 4.1 million oil-equivalent barrels a day this year through fast-tracking several projects completed in 2014 and the planned commissioning of seven new projects later this year.
- Published on:
- May 13, 2015
- Source url: