FIRST SOLVENT SAGD @ Imperial Oil Doing VERY WELL In STARTUP Cold Lake quarterly gross production averaged 147,000 barrels per day supported by the strong ramp up of Grand Rapids using solvent-assisted SAGD technology. Grand Rapids produced 15,000 barrels per day throughout the quarter and averaged 20,000 barrels per day during the month of September, exceeding earlier projections.
“The strong ramp up of Grand Rapids, industry’s first commercial application of solvent-assisted SAGD, is a major milestone in the transformation of our Cold Lake asset which supports our long-term strategy to grow production, lower unit cash costs1 and reduce greenhouse gas intensity,” said Corson.