Sun­cor to file for ap­proval of 160,000 bpd oil­sands project

Cape Breton Post - - Business -

CAL­GARY — Sun­cor Energy (TSX:SU) says it will ap­ply this year for pro­vin­cial reg­u­la­tory per­mis­sion to build a new Alberta oil­sands project that could even­tu­ally pro­duce up to 160,000 bar­rels per day.

The Lewis project hasn’t been of­fi­cially sanc­tioned by Sun­cor, but the com­pany says con­struc­tion on its first phase may be­gin in 2024.

The project is lo­cated about 25 kilo­me­tres north­east of Fort McMur­ray in north­ern Alberta. Sun­cor says it will con­sider us­ing new tech­nolo­gies in­clud­ing va­por­ized sol­vents and elec­tro­mag­netic heat­ing to re­place steam to pro­duce the heavy bi­tu­men crude through wells at Lewis, thus us­ing less energy and wa­ter. Sun­cor’s pro­posed 80,000-bpd Meadow Creek East project south of Fort McMur­ray in north­ern Alberta re­ceived reg­u­la­tory ap­proval in March and an ap­pli­ca­tion is to be filed this year for its 40,000-bpd Meadow Creek West project.

CEO Steve Wil­liams said re­cently Sun­cor has op­tions to build steam-driven projects that could pro­duce some 400,000 bpd, but won’t build any un­til af­ter 2020.

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