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  1. Market Data
May 2, 2022

Heavy Oil (Tamarack Valley Energy Ltd) AB/SK Heavy Oil Field, Canada

By Carmen

Heavy Oil (Tamarack Valley Energy Ltd) AB/SK is a producing heavy oil field located onshore Canada and is operated by Tamarack Valley Energy.

Field participation details

The field is owned by Tamarack Valley Energy.


Production from Heavy Oil (Tamarack Valley Energy Ltd) AB/SK

The Heavy Oil (Tamarack Valley Energy Ltd) AB/SK heavy oil field recovered 3.43% of its total recoverable reserves, with peak production expected in 2023. The peak production will approximately 14.39 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2062.


Remaining recoverable reserves

The field is expected to recover 75.71 Mmboe, comprised of 75.71 Mmbbl of crude oil & condensate. Heavy Oil (Tamarack Valley Energy Ltd) AB/SK heavy oil field reserves accounts 0.17% of total remaining reserves of producing heavy oil fields globally.


About Tamarack Valley Energy

Tamarack Valley Energy Ltd (Tamarack) is a Canada-based oil and gas company. The primary operation of resources is focused on the western Canadian sedimentary basin. The products of the company include crude oil, heavy oil, light oil, natural gas liquids (NLG’s). Tamarack’s asset portfolio is based in the Cardium and also Viking light oil plays in Alberta andalso Saskatchewan. The company primarily operates in Canada. Tamarack 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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