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December 2, 2021

MacKay River (Petrochina Company Limited) Oil Sands Field, Canada

By Carmen

MacKay River (Petrochina Company Limited) is a producing oil sands field located onshore Canada and is operated by PetroChina.

Three expansion projects are associated with the MacKay River (Petrochina Company Limited) oil sands field, namely MacKay River Phase 4 (Petrochina Company Limited), MacKay River Phase 2 (Petrochina Company Limited) and MacKay River Phase 3 (Petrochina Company Limited). The expansion projects are currently in the approval stage.

Field participation details

The field is owned by China National Petroleum.


Production from MacKay River (Petrochina Company Limited)

The MacKay River (Petrochina Company Limited) oil sands field recovered 8.56% of its total recoverable reserves, with peak production expected in 2031. The peak production will approximately 10.9 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2061.


Remaining recoverable reserves

The field is expected to recover 119.56 Mmboe, comprised of 119.56 Mmbbl of crude oil & condensate. MacKay River (Petrochina Company Limited) oil sands field reserves accounts 0.35% of total remaining reserves of producing oil sands fields globally.


About PetroChina

PetroChina Co Ltd (PetroChina), a subsidiary of China National Petroleum Corporation, is an oil and gas company. It explores for and develops and produces crude oil and natural gas; refines crude oil and petroleum products; and produces and sells basic and derivative chemical products and others. The company also carries out the production and marketing of primary petrochemical products. It also markets and trades refined products; and transmit natural gas, crude oil and refined products through pipelines. The company’s exploration basins include Erdos, Tarim, Sichuan, Daqing, Changqing, Liaohe, Xinjiang and Bohai Bay. The company has operational presence in China, Kazakhstan, Venezuela and Indonesia. PetroChina is headquartered in Beijing City, Beijing, China.

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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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