STP-Senlac thermal project in Senlac, Saskatchewan provides a foundation for growthOperations and cash flowExperienced staffAccess to technology and field-tested facility designsSTP-McKay project provides the first significant growthPhase 1 - 12,000 bbl/dDrilling and completion of initial 12 SAGD we…
STP-Senlac thermal project in Senlac, Saskatchewan provides a foundation for growth
Operations and cash flow Experienced staff Access to technology and field-tested facility designs
STP-McKay project provides the first significant growth
Phase 1 - 12,000 bbl/d Drilling and completion of initial 12 SAGD well pairs completed Financing complete Site construction nearing completion First steam in sight (~ 1 year away)
Future growth on Athabasca oil sands acreage
Expansion plans are underway for 24,000 bbl/d of new capacity, bringing the total design capacity to 36,000 bbl/d. Southern Pacific estimates a total producing project life of more than 20 years. The expansion will be conducted in two integrated stages of 12,000 bbl/d. Planning and application preparation for Phase 2 of STP-McKay continues to advance, with an application for a 24,000 bbl/d expansion filed with regulatory authorities on November 10, 2011. Good initial results from CSS tests completed on existing wellbores
