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December 2, 2021updated 27 Apr 2022 12:55pm

Hangingstone (Athabasca Oil Corporation) Oil Sands Field, Canada

By Carmen

Hangingstone (Athabasca Oil Corporation) is a producing oil sands field located onshore Canada and is operated by Athabasca Oil.

Field participation details

The field is owned by Athabasca Oil.


Production from Hangingstone (Athabasca Oil Corporation)

The Hangingstone (Athabasca Oil Corporation) oil sands field recovered 14.41% of its total recoverable reserves, with peak production expected in 2041. The peak production will approximately 9.6 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2066.


Remaining recoverable reserves

The field is expected to recover 107.07 Mmboe, comprised of 107.07 Mmbbl of crude oil & condensate. Hangingstone (Athabasca Oil Corporation) oil sands field reserves accounts 0.28% of total remaining reserves of producing oil sands fields globally.


About Athabasca Oil

Athabasca Oil Corp (Athabasca) is an upstream energy company that focuses on exploration, development and production of bitumen, light oil and liquids-rich natural gas from oil sands and related assets. The company employs multi-stage fracturing and horizontal drilling technology from unconventional reservoirs to produce oil. It owns assets in the Athabasca oil sands region of northeastern Alberta, Canada. Athabasca has contingent resources in areas, namely, Hangingstone, Dover West Sands, Dover West Carbonates, Dover, Birch, and Grosmont. The company operates Light Oil assets in Kaybob Area and Simonette Area, and holds rights in Duvernay, Montney, and Nordegg Formations. Athabasca 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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