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December 3, 2021

Hangingstone Expansion (JACOS) Oil Sands Field, Canada

By Carmen

Hangingstone Expansion (JACOS) is a producing oil sands field located onshore Canada and is operated by Greenfire Resources Operating.

Field participation details

The field is owned by Greenfire Acquisition and China National Offshore Oil.


Production from Hangingstone Expansion (JACOS)

The Hangingstone Expansion (JACOS) oil sands field recovered 5.95% of its total recoverable reserves, with peak production expected in 2044. The peak production will approximately 33.05 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2068.


Remaining recoverable reserves

The field is expected to recover 395.33 Mmboe, comprised of 395.33 Mmbbl of crude oil & condensate. Hangingstone Expansion (JACOS) oil sands field reserves accounts 1.15% of total remaining reserves of producing oil sands fields globally.


About Greenfire Resources Operating

Greenfire Resources Operating Corp (GROC) formerly Greenfire Acquisition Corp, is a provider of long term and stable hydrocarbon supply to worldwide markets. It is also a producer of in-situ oil sands. The company produces 7,000 barrels per day from Hangingstone project south of Fort McMurray. It is a subsidiary of Japan Petroleum Exploration Co., Ltd. GROC is headquartered in Calgary, Alberta, the US.

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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