Rigel (Prosper Petroleum Ltd.) is a oil sands development located onshore Canada and is operated by Prosper Petroleum.

The project is currently in approval stage and is expected to start commercial production in 2023. The development cost is expected to be $325 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 2048.


Remaining recoverable reserves

The field is expected to recover 52.95 Mmboe, comprised of 52.95 Mmbbl of crude oil & condensate.


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.