The Long Lake Project
Date: Wednesday,
January 11, 2006
Time: Registration:
11:15 a.m., Luncheon: 11:45
a.m., AGM 12:15
p.m., Speaker: 12:30
p.m.
Location: The
Westin, 320
4th Avenue SW
Cost: $35 Members
and Guests, $17 Students
Guest Speaker: Gary
Nieuwenburg, P.Eng., Nexen
Inc.
Located 40 km southeast of Fort McMurray, the Long Lake Project is the fourth
and next major integrated oil sands project in Canada. The Project combines SAGD
recovery with proprietary upgrading technologies which will allow the joint venture
partners (Nexen Inc and OPTI Canada) to produce a premium sweet synthetic crude
oil at a significant cost advantage over competitive technologies. These savings
are largely the result of using OrCrudeTM and Gasification technology to gasify
the least valuable portion of the bitumen barrel (asphaltenes) to create a synthetic
fuel gas thus largely eliminating the need for externally purchased natural gas.
The first phase of Long Lake is currently under construction with first steam
for SAGD expected in late 2006, followed by Upgrader startup in 2007. Once operational,
the project will produce just under 60,000 barrels per day of premium synthetic
crude.
Nexen has an estimated 5 billion barrels of
resource that is recoverable utilizing the technologies being employed at Long
Lake. Our phased development plans are scheduled to increase our share of production
to 120,000 barrels per day within the next decade.
To ensure adequate seating, please pre-register with the Calgary APEGGA
Office at 262-7714 prior to Friday, January 6, 2006. Calgary Branch accepts Visa,
MasterCard, or American Express for tickets sold prior to the day of the event.
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