New oil company Cenovus to develop Narrows Lake oil sands

Top

Search EDI

New oil company Cenovus to develop Narrows Lake oil sands

Friday, October 2, 2009 at 05:42PM

EnCana Corp., which expects to complete by November 30 a reorganization that will see the company split into two energy companies, one for natural gas the other, Cenovus Energy Inc., an integrated oil company, plans a new multi-billion dollar oil sands project in Alberta. The new entity will develop the Narrows Lake project, which will produce 80,000–120,000 barrels a day. This would double EnCana's present oil sands output.

Narrows Lake operations will incorporate technology that the company says will reduce greenhouse gas emissions at the same time as saving production costs.

The technique is a blend of steam-assisted gravity drainage (SAGD), which uses pressurized steam to free bitumen from underground rock, and a new "solvent-aided process" that adds substances such as butane or propane to the heated water. This has been shown to free the bitumen from the oil sands more efficiently.

The recovery of oil is expressed as a steam-to-oil ratio (the number of barrels of steam required to produce a barrel of oil). Using SAGD, the steam-to-oil ratio is 2:1. Adding solvents could improve that ratio to 1:5. The improved recovery rate will allow the company to build fewer wells. Using current methods, wells must be drilled every 100 metres. With the new method, the distance between wells can be increased to 130 metres.

EnCana plans to make its first regulatory application for Narrows Lake, in the northeast of the province, midway through next year.The project would begin producing oil in about six to seven years.

NOTICE - This article is the opinion of the author or reports the news and opinions of others and is NOT INTENDED TO OFFER ADVICE. This story/article/feature may be an opinion piece — and should be treated accordingly — or reporting on the opinions of others, and should never be considered as a sole source of information or as a suggestion, instruction or prescription. For crime stories, always read the word "allegedly" in any story mentioning "suspects" or "persons of interest". For money/trade and exchange stories, this magazine and its writers accept no responsibility for accuracy — always check with other sources for important decisions. In the case of food/health stories, these facts have not been evaluated by the United States Food and Drug Administration (FDA). Information stated here should be NOT be considered as medical, health, psychological or behavior advice. All information in this story and on this site is provided for educational or entertainment purposes ONLY. Always seek the advice of experts, including doctors for medical opinions. Only a licensed medical doctor can offer medical advice. Legal advice or other expert advice is best referred to experts in their respective fields. The publishers and editors, authors, researchers, employees, heirs and assigns accept no responsibility whatsoever for any advice, facts, opinions in this story, nor for resulting actions of readers of this information. ALL READERS ACCEPT THAT THIS INFORMATION IS PRESENTED ONLY AS EDUCATION, ENTERTAINMENT OR OPINION/INFORMATION AND AGREE IN READING THIS STORY OR THIS SITE THAT USE OF THIS INFORMATION IS SOLELY THE RESPONSIBILITY OF THE READER. Copyright by the author unless otherwise indicated. EXCERPTS from other magazines or media sources are posted under fair use doctrine, on the basis of no more than 5-10% of content with links and credit to source for the complete story. These are posted in the interest of providing interesting links (description as excerpt) with navigation to the source. Likewise, we encourage our many subscribers to excerpt with credit and links to our e-zines, up to 10% of content. To use more content than 10%, please contact the e-zine for permission. ALL RIGHTS RESERVED except as stipulated herein.

Persona Corp. and Blogertize publishes several e-zines for entertainment and information, but cautions readers to read the NOTICE above:

• Films and Books

• Canadian Money Magazine

• Advance Magazine

* Link Magazine

* EDI Weekly

* Secure Network News

* Canadian Money Magazine

* Crime Report USA

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

Post a New Comment

Enter your information below to add a new comment.

Author:

Author Email (optional):

Author URL (optional):

Post:

↓ | ↑

Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>

IMPORTANT: No advice is offered or given in this article or this publication. PLEASE ALWAYS REFER TO AN EXPERT before acting on any information contained in any of our stories.
Copyright © 2006-10, Blogertize Publications (http://www.blogertize.com), except as otherwise indicated. Text may be excerpted UNALTERED with FULL CREDIT and LINK. PHOTOS MAY NOT BE COPIED, DOWNLOADED OR REPRODUCED WITHOUT PERMISSION. Note: Some photos of real people may be models used to illustrate the editorial concept. MISSION: "You Need to Know" Our publications are daily online newspapers and magazines (webzines), plus delivered Ezines. Our stories also appear on various newswire services and are picked up in other publications. Our reporters and journalists break or report stories and their sources and source information are protected by the doctrine of free press as expressed in the First Amendment, Reporter's Privilege statutes, and also the Canadian Charter of Rights and Freedoms. COMMENTS FROM USERS: We invite dialogue and comments from our readers and limit moderation to obscenity and privacy issues, however WE ACCEPT NO RESPONSIBILITY WHATSOEVER FOR THIS CONTENT. We believe in the doctrine of FREE SPEECH. COMMENTS AND MOST STORIES ARE FROM OUTSIDE CONTRIBUTORS AND READERS AND NOT A REFLECTION OF THE OPINIONS OF THIS MAGAZINE. The opinions expressed by our writers, columnists and reporters are their opinions and do not necessarily reflect the opinion of this magazine, its writers and staff, or Blogertize Publications.TM - Our magazine names are trademarked. Our publications team provide this ezine and web site and its contents in good faith but makes no representations or warranties of any kind with respect to this web site or its contents. We disclaim any representations and warranties, whether express or implied, including, but not limited to warranties of any kind. In addition, we do not represent or warrant that the information accessible via this web site or the products or services sold or given free on it are accurate, complete or current. Errors and Omissions Excepted. By using/visiting this site you agree that use information herein is at your own risk. PRIVACY: SPAM POLICY: We do not use, nor do we condone the use of unsolicited bulk email. Our email system is an opt-in only. Please report any incidents of unsolicited email coming from or mentioning our domain to editor AT blogeritze.com. All matters will be investigated and dealt with promptly. Jurisdiction: Any action or dispute arising from the use of information on this site will be deemed to have been undertaken and concluded in Toronto, Canada and will be interpreted, construed and enforced in all respects in accordance with the laws of Canada and all parties thereto shall submit to the exclusive jurisdiction of the Ontario courts. A visitor agrees that the applicable law to be applied shall, in all cases, be that of the city of the web site owner, namely, Toronto, Canada.