Canada has over 170 billion barrels of oil recoverable with today’s technology, making it second only to Saudi Arabia as an oil resource country. There are an estimated 2.5 trillion barrels of bitumen in the Canadian resources which makes it possible to produce 2.5 million barrels of oil per day for over 200 years. In recent years though there has been a push to accelerate production from the oil sands, this could quintuple current output levels.
Surmont is proposing to construct and operate an approximately 12,000 barrel per day (bpd) Phase 1 project including a central processing facility, 2 initial well pads with approximately 6-7 well pairs per pad, and several water source wells, along with associated infrastructure such as roads and pipelines.
Surmont plans to use existing infrastructure and previously disturbed areas such as roads and utility corridors wherever practical for the Wildwood Project. Both steam and power will be generated on site using natural gas fuel. Water will be used for operations including steam generation. Water conservation is an important part of Surmont’s commitment to developing the resource responsibly.
The proposed Phase 1 Wildwood Project will develop about 22% of Surmont’s Wildwood leases.