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to colleagues, clients or customers, or inquire about 0000099056 00000 n
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All Companies in this story: (TSX:SU, TSX:HSE), Copyright owned or licensed by Toronto Star Newspapers Limited. “We spent a lot of time thinking about that and running all the analysis and concluded that actually wasn’t the prudent investment for the shareholder.”. 0000001428 00000 n
Suncor Base Mine Extension Project - Summary of Issues This document provides a high-level summary of the issues submitted to the Impact Assessment Agency of Canada on the Suncor Base Mine Extension Project (the Project) during the comment period on the Initial Project Description submitted by Suncor Energy Inc. (the proponent). To order copies of
6 Despite being close to Fort McMurray, Lewis will be a fly-in fly-out (FIFO) facility, utilizing Suncor's Firebag airstrip and lodges. 0000057919 00000 n 0000101439 00000 n Little also announced Suncor will file an application in the current quarter for a project to extend its base oilsands mine to a new area when its current resource is depleted in about 2035. 0000169019 00000 n 0000001172 00000 n 0000096325 00000 n trailer<]>> startxref 0 %%EOF 39 0 obj <> endobj 72 0 obj <. Construction workforce is expected to average 580, peaking at 1000 in 2027/2028. The project represents one of many options and wouldn’t be officially approved for at least a decade, he stressed.
If approved, the mine extension would use “new technologies” that could be helpful when reducing GHG emissions and the carbon footprint as a whole, according to the application made by the company. 0000100910 00000 n 0000001488 00000 n Date: May 1st, 2020 Canadian Impact Assessment Registry File No. 0000057942 00000 n 0000108804 00000 n
3 Lewis will be constructed in four 40,000 bbl/day phases, with each Central Processing Facility to be replicated from the Meadow Creek East design. To order The facility has a project life of up to 40 years. Suncor reported its MacKay River oilsands project, which produces about 30,000 bpd from wells, was shut down following an operational problem in December and is not expected back to be back on line until after March. Little said the company is listening to investors as it aims to generate more free cash flow while keeping spending in check. 4 Parts of the Lewis deposit has an overburden depth of just 100 meters, making it the most shallow in-situ operation in Alberta1.
5 Lewis will use process-affected water from Suncor's adjacent Base Plant for steam-generation, offsetting fresh water requirements. Oil-giant Suncor Energy Inc. has filed an application with the goal of carrying on its main oilsands project, the Base Mine, according to the Financial Post. 0000057977 00000 n
This copy is for your personal non-commercial use only.
Republication or distribution of this content is “As indicated last year, we had some initial challenges with productivity at West White Rose, and we are now seeing good execution and are on track,” said Husky spokeswoman Kim Guttormson, who declined to give a detailed cost estimate for the expansion. From: Impact Assessment Agency of Canada News release. Star Newspapers Limited and/or its licensors. Full field development is expected to include 180 well pads and up to 1,600 well pairs. “We feel that filing in 2020 is prudent under the current regulatory process, including the effects of the new (federal) assessment act, to ensure adequate time is provided for the regulatory process,” he said. Suncor Base Mine Extension Project — Public Comments Invited. 0000004364 00000 n
WEEKLY NEWSLETTER SIGN-UPEnergy news, site updates, oil prices and what’s moving world oil markets, delivered to your inbox every weekend: Suncor Energy recently filed an application with the Alberta Energy Regulator (AER) for its Lewis Project, a new 160,000 bbl/day in-situ facility located just east of the company's Base Plant mining operations.
0000109076 00000 n Here are 8 interesting facts about the Lewis Project: DIRECTIVE 086: RESERVOIR CONTAINMENT APPLICATION REQUIREMENTS FOR STEAM-ASSISTED GRAVITY DRAINAGE PROJECTS IN THE SHALLOW ATHABASCA OIL SANDS AREA. 0000099034 00000 n Instead, it will invest in boosting production from its existing similar Firebag facility to nameplate capacity of 203,000 bpd by 2021 and then potentially add 20,000-30,000 bpd by 2024-25. Analysts said its production results were generally in line, but misses on its operating and capital costs in the quarter were slightly negative. 2 Suncor expects to receive regulatory approval for Lewis sometime in 2019, start construction in 2024 and begin steaming in 2027. “Some of the concern we see from the investors is, ‘Wow, you’re going to plow $2 billion into Montreal, are you sure?’,” he said. The Calgary-based energy giant reported a net loss of $2.3 billion for quarter ended Dec. 31 due mainly to asset impairment charges of $3.3 billion. %PDF-1.3 %���� 38 0 obj <> endobj xref 38 35 0000000016 00000 n
0000101131 00000 n “Should we choose to extend the mine, the plan is to incorporate non-aqueous extraction technology which significantly reduces the costs and environmental impacts of mining oilsands versus our current operations.”.
0000108782 00000 n The SAGD facility will have two 85 MW co-generation plants, generating 175 MW of electricity. presentation-ready copies of Toronto Star content for distribution 0000146271 00000 n The Impact Assessment Agency of Canada (the Agency) is making funding available through its Participant Funding Program to assist the participation of the public and Indigenous peoples in the federal impact assessment for the proposed Suncor Base Mine Extension Project, located approximately three kilometres north of Fort McMurray, Alberta, in the Regional Municipality of Wood Buffalo.
0000146551 00000 n About 35% of that power is expected to be sold to Alberta's power grid. Newspapers Limited, One Yonge Street, 4th floor, Toronto, ON, M5E 1E6. Mar 8 Introducing the Lewis Project: 8 facts about Suncor's latest in-situ expansion ... 5 Lewis will use process-affected water from Suncor's adjacent Base Plant for steam-generation, offsetting fresh water requirements. 0000096290 00000 n Original submissions are posted on the Canadian …
The outage won’t affect 2020 guidance for the company, Little said, because the loss of barrels can be counted under Alberta’s ongoing oil production curtailment program. 0000094985 00000 n
This report by The Canadian Press was first published Feb. 6, 2020. 0000001093 00000 n
The Impact Assessment Agency of Canada (the Agency) has accepted an initial project description for the proposed Suncor Base Mine Extension Project, located approximately three kilometres north of Fort McMurray, Alberta, in the Regional Municipality of Wood Buffalo. The SAGD facility will have two 85 MW co-generation plants, generating 175 MW of electricity. 8 Over the estimated 40 year life of the project, Lewis is expected to pay out $45 billion in provincial royalties and taxes, $10.5 billion in federal taxes, $7.7 billion in carbon taxes and $324 million in municipal property taxes2. The facility will extract bitumen from the McMurray Formation using steam-assisted gravity drainage (SAGD) and will be subject to the AER's Directive 086 for reservoir containment from shallow SAGD facilities. The $2-billion project has been shelved as the company focuses on low-cost oilsands expansions, projects that will help reduce emissions and cost-cutting digital technologies, CEO Mark Little said Thursday on a conference call to discuss fourth-quarter results. Toronto Star articles, please go to: www.TorontoStarReprints.com, The Toronto Star and thestar.com, each property of Toronto Star 1 Lewis will be Suncor's fourth in-situ project, after Firebag, MacKay River and Meadow Creek.
0000146294 00000 n 7 Lewis has a capital cost estimate of $6.2 billion.
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