Long Lake Project: Phase 1

Phase 1 of the Long Lake Project is Canada’s fourth and next integrated oil sands project. The Project began steam injection in mid-April 2007; First production of PSCTM is anticipated mid-2008.
The Long Lake lease is located approximately 42km southeast of Fort McMurray in the Athabasca oil sands region of northern Alberta, and spans more than 25,382 hectares (98 sections) of land.  The Long Lake lease is the location of our Phase 1 oil sands project, which consists of 26 sections of land, as well as the planned location for Phase 2.  

When fully operational, Phase 1 of the Long Lake Project is expected to produce 72,000 bbl/d of bitumen, which will translate to 58,500 bbl/d of high quality, 39° API Premium Sweet Crude. The more than two billion barrels of recoverable reserves and resources at Long Lake translates to a reserve life of approximately 40 years, with no exploration risk or declines.