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April 28, 2022

May River (Grizzly Oil Sands) Oil Sands Field, Canada

By Carmen

May River (Grizzly Oil Sands) is a oil sands development located onshore Canada and is operated by Grizzly Oil Sands.

The project is currently in approval stage and is expected to start commercial production in 2024. The development cost is expected to be $148 m.

Field participation details

The field is owned by Grizzly Oil Sands.


Production from May River (Grizzly Oil Sands)

Production from the May River (Grizzly Oil Sands) oil sands development project is expected to begin in 2024 and is forecast to peak in 2028, to approximately 80,000 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2079.


Remaining recoverable reserves

The field is expected to recover 577.59 Mmboe, comprised of 577.59 Mmbbl of crude oil & condensate.


About Grizzly Oil Sands

Grizzly Oil Sands ULC (Grizzly) is an oil sands development company that advances the steam assisted gravity drainage recovery model through facility design innovation and phased development centered on its unique ARMS concept. The company’s technical concentration is to advance the SAGD development model through facility design innovation, by developing well-understood reservoirs such as McMurray sands through the proven SAGD approach. Its advanced, relocatable, modularized, standardized central processing facility is the center of Grizzly’s steam-assisted gravity drainage development approach which resolves challenges of traditional SAGD. The company offers properties such as Algar Lake, May River, Thickwood and other properties. Grizzly 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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