Project Profile
CAPEX: US$197-212 million
Location: 150 km southeast of Fort McMurray, northeast Alberta, Athabasca region
Average production: 154,186 barrels per day (1Q 2016)
Start-up year: 2013 (Phase E), 2016 (Phase F), 2019 (Phase G)
MEG’s initial area of development in its Christina Lake Regional Project includes 80 square miles of oil sands leases. Christina Lake regional project contains over 6 billion barrels of bitumen in place and approximately 2.8 billion barrels of remaining recoverable resources, of which approximately 1.0 billion barrels are classified as proved plus probable reserves.
The project has a phased development plan with expected lifecycle of more than 30 years.
There are currently five phases (A-E) producing at Christina Lake and construction is continuing on phase F. The latter is expected to start producing 50,000 bpd in the second half of 2016 while the construction of phase G is put on hold.
Christina Lake has a low steam to oil ratio (SOR), which means it uses less water and natural gas and creates fewer greenhouse gas emissions to produce a barrel of oil. In the first quarter 2016, the project had a SOR of 1.9 meaning 1.9 barrels of steam were used to produce one barrel of oil.
Operator:
MEG Energy
Cenovus
Contractors:
WorleyParsons: Engineering for Phase 2 and Phase 2B EPC
Flint Energy Services: EPC - Letter of intent for Phase 2B
Kiewit: Phase 2 contractor