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December 2, 2021updated 27 Apr 2022 12:12pm

BlackGold (Harvest Operations Corp.) Oil Sands Field, Canada

By Carmen

BlackGold (Harvest Operations Corp.) is a producing oil sands field located onshore Canada and is operated by Harvest Operations.

An expansion project is associated with the BlackGold (Harvest Operations Corp.), namely BlackGold Phase 2. This project is currently in the approval stage.

Field participation details

The field is owned by Korea National Oil.


Production from BlackGold (Harvest Operations Corp.)

The BlackGold (Harvest Operations Corp.) oil sands field recovered 8.52% of its total recoverable reserves, with peak production expected in 2041. The peak production will approximately 9.01 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2063.


Remaining recoverable reserves

The field is expected to recover 96.38 Mmboe, comprised of 96.38 Mmbbl of crude oil & condensate. BlackGold (Harvest Operations Corp.) oil sands field reserves accounts 0.25% of total remaining reserves of producing oil sands fields globally.


About Harvest Operations

Harvest Operations Corp (Harvest), a wholly-owned subsidiary of Korea National Oil Corporation (KNOC), is an oil and gas exploration company. Harvest carries out exploration, development and production of crude oil, natural gas (upstream) and natural gas liquids. It is also involved in the operation of the BlackGold oil sands project located near Conklin, Alberta. Phase1. The company operates with its key activities focused under its key areas include Royce, Cecil South, Cecil North, Deep Basin and Deep Basin. Harvest is headquartered in Calgary, Alberta, 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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