Countercyclic: New SAGD project in hard times
Is a new grass roots SAGD project economically justifiable in this oil commodity price environment?
One operator has applied for a new thermal project under these conditions. He believes the oil price environment can sustain another 20 thousand barrel a day SAGD scheme.
Perhaps he has a rosy view of the future of oil prices. And perhaps he is counter-cyclical believing that the best time to invest is when nobody else is.
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He has the advantage of seeing the approval and startup problems of all the previous projects. However, he has the disadvantage of trying to make his project stand up under the regulator scrutiny honed by reviewing dozens of previous projects.
This application has not been approved yet. AppIntel subscribers can set a watch on this application. Several times a day, they get an update if there are any new documents uploaded to the application or if there are any status changes.
He also showed his seismic interpretations. Now every SAGD scheme is required to show seismic interpretations.
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Subscribers can view this application by pasting the following link into their browser after logging into AppIntel. http://app.appintel.info/AOW.php?pxnrg=73317o31343333313833313536
Or get this application nowTags: Thermal, Heavy Oil
22 Aug 2016
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Calgary, Alberta, Canada
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