Rigel (Prosper Petroleum Ltd.) is a oil sands development located onshore Canada and is operated by Prosper Petroleum. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Buy the profile here.

The project is currently in approval stage and is expected to start commercial production in 2023. The development cost is expected to be $349 m.

Field participation details

The field is owned by Lama Energy Group and Prosper Petroleum.

Production from Rigel (Prosper Petroleum Ltd.)

Production from the Rigel (Prosper Petroleum Ltd.) oil sands development project is expected to begin in 2023 and is forecast to peak in 2026, to approximately 10,000 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2050.

Remaining recoverable reserves

The field is expected to recover 54.14 Mmboe, comprised of 54.14 Mmbbl of crude oil & condensate.

For more details on the Rigel (Prosper Petroleum Ltd.) Oil Sands Field, buy the profile here.


GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.

This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.