Japan and China Starts Extracting Heavy Crude from Canadian Sands Project

Related Articles

Kazakhstan Battles Big Oil in $3.5 Billion Arbitration Case

14 hours ago

US Drillers Add Oil Rigs as Analysts Warn of Incoming Glut

3 days ago

IEA Trims Oil Glut Forecast as Supply Surge Halts

5 days ago

Japan has started production at a Canadian oil sands project in conjunction with China’s largest producer of oil and gas.
Operator Japan Petroleum Exploration Co.. Ltd (Japex) said ultra heavy crude (bitumen) is now flowing from the Hangingstone project in Alberta.
The development is a joint project between Japex’s Canadian subsidiary having a participating interest of 75% and acting as the operator and NEXEN Energy ULC -a wholly owned subsidiary of China’s CNOOC Limited.
CNOOC has a 25 interest in the steam injection scheme. which aims to produce 20.000 barrels a day by late 2018.