Osum – Taiga Oilsands Development – Alberta - Project Profile
"Osum – Taiga Oilsands Development – 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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Osum Oil Sands Corporation (Osum) is planning to undertake the Taiga Oilsands project near Cold Lake in Alberta.
The project involves the construction of 45,000 barrels per day (BPD) bitumen production facility. It will be carried out in three phases.
The first phase includes the construction of 12,500BPD bitumen production facility, the second phase includes the construction of another 12,500BPD bitumen production facility and the third phase involves the construction of 20,000BPD bitumen production facility.
The project includes the construction of on-site facilities, pipeline, storage facilities and on-site waste disposal system. The project will be developed in two phases.
The Taiga project will utilize two in site technologies – Steam Assisted Gravity Drainage (SAGD), and Cyclic Steam Stimulation (CSS) producing from the Clearwater and Lower Grand Rapids formations, at depths between 360 and 460m.
The Commercial Application and Environmental Impact Assessment for the project were commenced in December 2009.
In March 2010, Jacobs Engineering Canada was awarded EPCM contract for the project. Jacobs Engineering was earlier awarded a contract to provide design basis memorandum (DBM) or pre-front-end engineering and design (FEED) services for the scheme.
In May 2011, GLJ Petroleum Consultants (GLJ) was engaged as an independent qualified reserve evaluator to evaluate the new leases in accordance with National Instrument 51-101 ("NI 51-101") and the Canadian Oil and Gas Evaluation Handbook ("COGEH").
Planning Application was initially filed in January 2010. The company received a notice that the Energy Resources Conservation Board (“ERCB”) has scheduled a hearing on May 23, 2012, with respect to its Taiga Project application.
On September 12, 2012, the project received approval from the Energy Resources Conservation Board, with no public hearing because no group was opposed to the project.
In the second quarter of 2014, Osum received regulatory approval for the development of the project.
Construction works are expected to commence in 2018.
The project involves the construction of 35,000BPD bitumen production facility near Cold Lake in Bonnyville, Alberta, Canada.
The US$2,200 million project includes the following:
1. Construction of facilities for production of 12,500BPD of bitumen in the first phase
2. Construction of facilities for production of 12,500BPD of bitumen in the second phase
3. Construction of facilities for production of 20,000BPD of bitumen in the third phase
4. Construction of in-site facilities
5. Construction of pipeline
6. Construction of storage facilities
7. Construction of on-site waste disposal system
8. Construction of other related facilitiesReasons To Buy