OPTI's key strengths combine to create an unmatched oil sands advantage:
Pure-play oil sands investment opportunity.
OPTI is 100 percent focused on Canada's oil sands, one of the largest hydrocarbon deposits in the world.
Best-in-class operating costs.
Our proprietary OrCrude™ process, combined with gasification, substantially reduces the requirement for natural gas. Natural gas is typically the largest input cost in an in-situ oil sands project.
Near-term production.
OPTI’s Long Lake Project is Canada’s next integrated oil sands project to come on-stream. First steam injection into the Long Lake reservoir occurred in mid-April 2007, and first volumes of PSCTM are anticipated late in the third quarter 2008.
Multi-phase expansion plans.
With substantial resources currently estimated at 3 billion barrels recoverable, the Company is executing on its strategy to reach 180,000 bbl/d production capacity net to OPTI via a multi-stage expansion plan.
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