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  1. Market Data
April 28, 2022

Advanced TriStar (Value Creation Inc.) Oil Sands Field, Canada

By Carmen

Advanced TriStar (Value Creation Inc.) is a oil sands development located onshore Canada and is operated by Value Creation.

The project is currently in feed stage and is expected to start commercial production in 2024.

Field participation details

The field is owned by Value Creation.


Production from Advanced TriStar (Value Creation Inc.)

Production from the Advanced TriStar (Value Creation Inc.) oil sands development project is expected to begin in 2024 and is forecast to peak in 2026, to approximately 2,000 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2040.


Remaining recoverable reserves

The field is expected to recover 9.06 Mmboe, comprised of 9.06 Mmbbl of crude oil & condensate.


About Value Creation

Value Creation Inc (VCI) is engaged in the development of oil sand resources. The company’s projects include Terre de Grace; Advanced TriStar (ATS); and TriStar Proof of Productivity (POP) Pilot. It holds interest in clean oil refinery, located in Alberta Industrial Heartland, which is engaged in the production of bitumen. In addition, it also provides value chain enhancement solutions to serve the oil sands and refining industries. The company’s products and services offered across Canada. VCI is headquartered in Calgary, Canada.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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