Surmont Leases
Total Canada has a 50 percent interest in the Surmont leases, located approximately 60 kilometres southeast of the city of Fort McMurray. These leases cover an area of 544 square kilometres and Steam Assisted Gravity Drainage technology is used to extract the bitumen from the oil sands.
Surmont is being developed through a multi-phased approach. Phase One has a capacity of 27,000 barrels of bitumen per day. It entered into commercial production in the 4th quarter of 2007.
The Surmont Phase Two development is expected to take the total bitumen production to approximately 110,000 barrels of bitumen per day. Phase Two was sanctioned in January 2010 by the partners, with production start-up currently scheduled for 2015 (refer to the press release for further details).
Total's evaluations indicate that the Surmont permit has a phased, full field development potential of over 200,000 barrels of bitumen per day for 30 years. Future phases are currently under consideration.
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