ATH – Hangingstone Thermal Oil Facility – Alberta - Project Profile
"ATH – Hangingstone Thermal Oil Facility – Alberta - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Athabasca Oil Corporation (ATH), formerly Athabasca Oil Sands Corp., is planning to undertake the construction of Hangingstone Thermal Oil Facility project in Alberta, Canada.
The project involves the construction of bitumen processing facility to produce more than 80,000 barrels of bitumen per day (BPD), from an oil field spanning more than 55,037.24ha. The development uses Steam Assisted Gravity Drainage (SAGD) in-situ recovery method to produce recoverable bitumen.
The project is expected to yield more than 911 million barrels of contingent resources and another 118 million barrels of probable reserves, by building infrastructure and production facilities in three phases.
The first phase (Project 1), called as Project one of Hangingstone project is expected to have a bitumen production capacity of 12,000 barrels per day (BPD). Project 1 will comprise a total of 20 SAGD well pairs, five well pairs, and five well pads with a designed steam-oil ratio for of 3:5.
The Second Phase, called as Project two of Hangingstone project is planned to have a bitumen production capacity of 40,000 barrels per day (BPD).
The second phase includes HS-2A Debottlenecking (1 and 2) with a bitumen production capacity of 8,000 barrels per day (BPD) and HS-2B Expansion with a bitumen production capacity of 32,000 barrels per day (BPD).
The Third Phase, called as Project three of Hangingstone project is planned to have a bitumen production capacity of 30,000 barrels per day (BPD).
ATH's internal development teams are undertaking detailed FEED and procurement activities in related to the field development.
The front-end engineering and design (FEED) process for the first project of Hangingstone completed in early 2012.
In October 2012, ATH received approvals from the Government of Alberta to construct the Hangingstone Project one.
In November 2012, ATH approved the US$536 million budget funding was approved for the Hangingstone Project 1 and a further US$27 million will be approved for setting up supporting infrastructure.
In first quarter of 2013, Athabasca entered into an agreement with Enbridge Pipelines (Athabasca) Inc. for the transportation and terminaling of diluted bitumen (“dilbit”), which will be produced from Hangingstone Project one.
General Electric has been awarded a contract to provide evaporation technology for the Project one.
In May 2013, regulatory application for the Hangingstone expansion (phase I & II), a 70,000BPD SAGD project, was submitted.
In March 2015, Hangingstone project 1 was completed.
Environmental Impact Assessment (EIA) report for remaining phases was completed.
The second phase is expected to be completed in 2019 and the third phase is anticipated to be completed in 2021.
The project involves the construction of bitumen processing facility to produce more than 80,000BPD of oil on a 55,037.24ha of land in Alberta, Canada.
The US$5,200 million project includes following:
1. Construction of 12,000BPD production facilities in Project 1
2. Construction of 40,000BPD production facilities in Project 2
3. Construction of 30,000BPD production facilities in Project 3Reasons To Buy
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