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December 2, 2021

Cold Lake (Imperial Oil Limited) Oil Sands Field, Canada

By Carmen

Cold Lake (Imperial Oil Limited) is a producing oil sands field located onshore Canada and is operated by Imperial Oil.

An expansion project is associated with the Cold Lake (Imperial Oil Limited), namely Cold Lake Expansion. This project is currently in the approval stage.

Field participation details

The field is owned by Exxon Mobil.


Production from Cold Lake (Imperial Oil Limited)

The Cold Lake (Imperial Oil Limited) oil sands field recovered 48.47% of its total recoverable reserves, with peak production in 2017. The peak production was approximately 162.61 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2064. The field currently accounts for approximately 2% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 1,665.02 Mmboe, comprised of 1,665.02 Mmbbl of crude oil & condensate. Cold Lake (Imperial Oil Limited) oil sands field reserves accounts 4.84% of total remaining reserves of producing oil sands fields globally.


Contractors involved in the Cold Lake (Imperial Oil Limited) oil sands field

The key contractors involved in the Cold Lake (Imperial Oil Limited) project as follows.

Other Contractors: KTC Industrial Projects

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About Imperial Oil

Imperial Oil Ltd (Imperial Oil), a subsidiary of Exxon Mobil Corporation, is an integrated energy company. It has a presence in the value chain in petroleum industry including the exploration, production and sale of crude oil and natural gas. The company explores for and produces crude oil, natural gas, synthetic oil and bitumen. Its downstream operations consist of the transportation and refining of crude oil, blending, distribution and marketing of refined products. The company also manufactures and markets various petrochemicals. It sells petroleum products through coast to coast supply and a retail network. The company operates refineries in Strathcona, Sarnia and Nanticoke, Canada. Imperial Oil 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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