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December 2, 2021updated 27 Apr 2022 11:50am

Firebag (Suncor Energy Inc.) Oil Sands Field, Canada

By Carmen

Firebag (Suncor Energy Inc.) is a producing oil sands field located onshore Canada and is operated by Suncor Energy.

An expansion project is associated with the Firebag (Suncor Energy Inc.), namely Firebag Expansion (ES-SAGD). This project is currently in the approval stage, expected to start in 2025.

Field participation details

The field is owned by Suncor Energy.


Production from Firebag (Suncor Energy Inc.)

The Firebag (Suncor Energy Inc.) oil sands field recovered 23.06% of its total recoverable reserves, with peak production expected in 2023. The peak production will approximately 212.18 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2068. The field currently accounts for approximately 3% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 2,452.31 Mmboe, comprised of 2,452.31 Mmbbl of crude oil & condensate. Firebag (Suncor Energy Inc.) oil sands field reserves accounts 6.44% of total remaining reserves of producing oil sands fields globally.


About Suncor Energy

Suncor Energy Inc (Suncor) is an integrated energy company that mainly focuses on the development of Athabasca oil sands. It carries out development and up gradation of oil sands; offshore and onshore oil and gas production; refining of crude oil and marketing of petroleum and petrochemical products. The company also generates power through renewable energy sources. Suncor produces bitumen blends, gasoline, asphalt, diesel, sweet and sour crude oil, chemicals, heavy fuel and home heating oil, petroleum coke and sulphur. The company sells its refined petroleum products to retail, commercial and industrial customers under Petro-Canada and Sunoco brand. Suncor 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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