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Southern Pacific Resource Corp STPJF

Southern Pacific Resource Corp. is a Canada-based company, which is engaged in the thermal production of heavy oil in Senlac, Saskatchewan on a property known as STP-Senlac, and thermal production of bitumen on a property located in the Athabasca region of Alberta known as STP-McKay, as well as exploration for and development of in-situ oil sands in the Athabasca region of Alberta. Its STP-McKay property consists of oil sands leases totaling approximately 37,760 acres. The Company’s operations also include Anzac, Hangingstone and Ells. The Company’s STP-McKay property is located approximately 45 kilometers northwest Ft. McMurray. The Anzac project covers approximately 117 kilometers of two-dimensional (2D) seismic. The Company owns 80% interest in Hangingstone project. The Ells project covers approximately 164 kilometers of two-dimensional (2D) seismic.


GREY:STPJF - Post by User

Comment by kavephishon Jan 07, 2013 3:01pm
220 Views
Post# 20806677

RE: questio

RE: questio

 

In response to adamsight's question as to why McKay is taking far longer than Senlac to bring on stream (and in the interview LeGag posted, Lutes differentiates Senlac oil as "heavy oil" and McKay as "oil sands" or extra heavy)

Heavy crude oil or extra heavy crude oil is any type of crude oil which does not flow easily. It is referred to as "heavy" because its density or specific gravity is higher than that of light crude oil. Heavy crude oil has been defined as any liquid petroleum with an API gravity less than 20°.[1] Physical properties that differ between heavy crudes lighter grades include higher viscosity and specific gravity, as well as heavier molecular composition. Extra heavy oil is defined with a gravity of less than 10° API (i.e. with density greater than 1000 kg/m3 or, equivalently, a specific gravity greater than 1) and a reservoir viscosity of no more than 10,000 centipoises.[2][3] With a specific gravity of greater than 1, extra heavy crude is present as a dense non-aqueous phase liquid in ambient conditions.

Heavy crude oil is closely related to natural bitumen from oil sands. Some petroleum geologists categorize bitumen from oil sands as extra heavy crude oil due to the density of less than 10 °API. Other classifications label this as bitumen differing it from extra-heavy oil. They differ in the degree by which they have been degraded from the original crude oil by bacteria and erosion. Often, bitumen is present as a solid and does not flow at ambient conditions.

 

 

 

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