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Strathcona Resources Ltd T.SCR

Alternate Symbol(s):  STHRF

Energy Oil & Gas E&P
Strathcona Resources Ltd. is a Canada-based oil and gas producers with operations focused on thermal oil, enhanced oil recovery and liquids-rich natural gas. The Company has three operations: Lloydminster Heavy Oil, Cold Lake Thermal and Montney Gas. The Lloydminster Heavy Oil has multiple large oil-in-place reservoirs with existing and expanding enhanced oil recovery (EOR) opportunities primarily located in southwest Saskatchewan. Its Saskatchewan thermal properties rely on the same steam-assisted gravity drainage (SAGD) processes as its Cold Lake Thermal properties. The Company is a producer in the Cold Lake region of Alberta. Its operations include thermal oil producing assets at Lindbergh, Orion and Tucker, with production from steam-assisted gravity drainage (SAGD) oil assets. Its Montney development is an active region in the Montney basin, the condensate-rich Kakwa, Grande Prairie, and Groundbirch regions, and produces liquids-rich gas.


TSX:SCR - Post by User

Strathcona Resources Ltd
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Post by Betteryear2on Jul 10, 2024 5:51pm
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Post# 36127275

Canada Growth Fund Announces up to $2 billion Carbon Capture

Canada Growth Fund Announces up to $2 billion Carbon CaptureCALGARY, AB, July 10, 2024 /CNW/ - Canada Growth Fund Inc. ("CGF") is pleased to announce a strategic partnership (the "SAGD CCS Partnership") with Strathcona Resources Ltd. ("Strathcona") (TSX: SCR), to build carbon capture and sequestration ("CCS") infrastructure on Strathcona's steam-assisted gravity drainage ("SAGD") oil sands facilities across Saskatchewan and Alberta. Through the SAGD CCS Partnership, Strathcona will seek to capture and permanently store up to two million tonnes of carbon dioxide ("CO2") annually, with CGF and Strathcona each contributing up to $1.0 billion in project funding. 

Canada Growth Fund Announces up to $2 billion Carbon Capture and Sequestration Partnership with Strathcona Resources (newswire.ca)
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