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December 2, 2021updated 27 Apr 2022 12:08pm

Orion (Osum Oil Sands Corp.) Oil Sands Field, Canada

By Carmen

Orion (Osum Oil Sands Corp.) is a producing oil sands field located onshore Canada and is operated by Osum Oil Sands.

Two expansion projects are associated with the Orion (Osum Oil Sands Corp.) oil sands field, namely Orion Phase 2D and Orion Phase 3. The expansion projects are currently in the approval and feasibility stage.

Field participation details

The field is owned by Osum Oil Sands.


Production from Orion (Osum Oil Sands Corp.)

The Orion (Osum Oil Sands Corp.) oil sands field recovered 52.29% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 19.21 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2047.


Remaining recoverable reserves

The field is expected to recover 37.62 Mmboe, comprised of 37.62 Mmbbl of crude oil & condensate. Orion (Osum Oil Sands Corp.) oil sands field reserves accounts 0.10% of total remaining reserves of producing oil sands fields globally.


About Osum Oil Sands

Osum Oil Sands Corp (Osum Oil) is an oil exploration and production company. The company acquires, explores, produces, and develops oil sands and crude oil. Its projects comprise Taiga, Orion, Saleski West, Liege, Saleski JV, Sepiko Kesik, and others. Osum Oil’s Orion and Taiga projects are located in Cold Lake, Alberta and Saleski JV, Saleski West, Sepiko Kesik, and Liege projects are Grosmont Carbonate projects producing oil. The company offers services such as infrastructure development, advanced engineering design, exploration project construction and management, drilling and operations services, and others. Osum Oil 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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