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 > Operations > E&P worldwide > AMERICAS > Canada
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(As of July, 2010) |
Block |
Contract |
Acreage
(km2) |
Working
Interest |
Operator |
Production
2008(bopd) |
Phase |
BlackGold
Oil Sand |
Lease |
39 |
100% |
KNOC |
N/A |
Development |
| Harvest Energy
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- |
- |
100% |
KNOC |
50,000 |
Production |
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Overview |
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BlackGold Oil Sands Project is the first venture of KNOC into a Canadian project. KNOC would like to place great emphasis on the vision that it
would be a foothold onto the development of heavy oil estimated to be more than Ten Trillion (10,000,000,000,000) barrels in reserve size
worldwide, as well as the Canadian oil sands. To make this vision come true, first of all, KNOC will do its best successfully to develop and operate the BlackGold Project, and also to acquire
additional oil sands projects.
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BlackGold |
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KNOC acquired BlackGold Oilsands Lease, which is located 140km southeast of Fort McMurray within the Athabasca Oil Sands region of northern Alberta, from Newmont Mining Corporation in August, 2006. Its recoverable bitumen reserves are expected to be approximately 259million barrel.
Since our participation in last August, 2006, we drilled 70 core holes for core analysis, and acquired 23 §´ (square kilometers) of 3D (dimensional) seismic data for the further evaluation during last winter. And, we also drilled 16 water supply wells to test the capability of water production for steam generation.
We have been performing the reservoir modelling based on the 54 pre-existent core hole data acquired by former operator and the new data recently acquired by KNOC.
We submitted the proposal for Governmental approval on the development plan to produce 10,000 barrels per day by 2012 as a phase ¥° (pilot project) last Mar. 2008. And finally, we got the approval of government for phase ¥° at Feb. 3, 2010. We are now preparing the construction of production facilities which is scheduled to break ground in August. Later on, we will expand the facilities to produce daily 20,000 barrels more by 2015, and then our daily production rate will be ultimately daily total 30,000 barrels, which is our basic plan and target.
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Harvest |
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On 22th October 2009, KNOC signed the contract to acquire Harvest Energy Corp. for U.S. $3.95billion(CA $4.07billion) which has about 200 million barrels of oil and gas production fields, oil sands property and concluded the deal on 22th December 2009.
As one of the major Canadian oil company headquartered in Calgary, Canada, Harvest Energy Inc. is producing around 50,000 boe/d oil and gas from upstream property in Alberta, midwestern Canada ,British Columbia, Saskatchewan and is operating the refinery with 115thousands boe/d refining capacity and 7 million barrels storage in eastern Canada(Newfoundland-Labrador)
Harvest Energy Inc. has a lot of expertise in several areas ; exploring and development technology on oil-sand & CBM, enhanced oil recovery technology (EOR) including Water Flooding, Polymer Flooding, CO2 Flooding, horizontal drilling Multistage Fracturing skill.
Through this acquisition, KNOC not only increases its own reserve and production but also secure expertises related to petroleum. KNOC expects to strengthen competitiveness in oil industry both upstream and downstream area.
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