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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

Cardinal Energy Ltd. is a Canadian oil and natural gas company with operations focused on low decline oil in Western Canada. The Company is engaged in the acquisition, development, optimization and production of crude oil and natural gas in the provinces of Alberta, British Columbia and Saskatchewan. Its operating areas include the Midale, South District, Central District, and North District. Its Midale operating area of over 730 million barrels of original oil in place (OOIP) and its low decline in production of 3,200 barrels of oil equivalent per day (boe/d) (net) is supported by both waterflood and CO2 enhanced oil recovery. Its South District operating area is located east of Calgary in southeastern Alberta and produces medium gravity crude, as well as liquids-rich natural gas. Its Central District operation is located in East Central Alberta, which is focused on producing oil from multiple, large OOIP pools. Its North area includes Grande Prairie, Clearwater and other properties.


TSX:CJ - Post by User

Post by Whampoaon Feb 12, 2024 8:08pm
304 Views
Post# 35876602

No cost creep here. CJ fixed-price agreement with Propak

No cost creep here. CJ fixed-price agreement with PropakLooks like CJ picked a good contractor for the Sask thermal project.


BTW This contractor builds modules inside their manufacturing facility. Weather proof.
Here is one project on Propak's CV below.  Check out their other projects on their website.



6,000 bbl/d SAGD Central Processing Facility

 

PROJECT DESCRIPTION

Propak provided a turnkey EPFC solution for this thermal SAGD facility. This plant was largely based on Propak’s 6,000 bbl/d standard facility template. Development began with pre-FEED and FEED phases validating the concept and fit of this facility. The modular design was successfully adjusted to fit this application providing an opportunity for streamlined EPFC execution. This facility, consisting of 117 modules, was engineered, fabricated and constructed over an industry leading duration of less than 14 months from project sanction to first steam.

PROJECT SPECS
  • Nameplate Oil Capacity: 6,000 bbl/d
  • Steam Generation Capacity: 16,450 bbl/d CWE
  • Pipe Racks modularized, assembled and trial fit at Propak’s Airdrie facilities
  • All equipment modularized; no site erected buildings required
  • Remote I/O technology implemented allowing for instrumentation pre-commissioning in shop
  • Process Units: Inlet Separation, Emulsion Treatment, Source Water Treatment, Boiler Feed Water System, OTSGs, Steam System, De-Oiling, Fuel Gas System, Utilities
  • 1 Pad – 9 SAGD Well Pairs
  • Modular well pad facilities: pre-assembled pipe racks, well control manifold building complete with vertical test separator vessel

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