Operations

Operations

Light Oil: Greater Placid Montney (70% working interest & operated)

  • ~31,500 Montney acres at Placid with 150 – 200 gross development locations
  • Active 2016/17 winter program included drilling 20 wells and commissioning regional infrastructure
  • Positioned for strong near-term production and cash flow growth

Light Oil: Greater Kaybob Duvernay (30% working interest)

  • ~200,000 Duvernay acres with the potential for over 1,000 gross wells
  • Joint venture with Murphy Oil completed in May 2016
  • $1 billion of committed investment over four years and the carry provision limits Athabasca’s near-term capital exposure to $75 million for a 30% working interest

Thermal Oil: Leismer

  • Acquired from Statoil in January 2017
  • Top tier thermal asset with established operations and a strong free cash flow profile
  • Regulatory approval in place for expansions up to 40,000 bbl/d
  • 613 mmbbl 2P reserves & ~70 year RLI

Thermal Oil: Hangingstone

  • Project 1 commissioned in mid-2015 with 12,000 bbl/d expected to be reached in 2018
  • Long term production potential up to 80,000 bbl/d
  • 222 mmbbl 2P reserves & ~50 year RLI

Thermal Oil: Other Thermal Leases

  • Exposure to 6.5 billion barrels best estimate contingent resource across the thermal portfolio
  • Corner – acquired from Statoil in January 2017; 242 mmbbl 2P reserves with regulatory approval in place for development up to 40,000 bbl/d
  • Other leases – Dover West Sands & Carbonates, Birch and Grosmont Carbonates

 

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