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December 2, 2021

Surmont Project (ConocoPhillips Company) Oil Sands Field, Canada

By Carmen

Surmont Project (ConocoPhillips Company) is a producing oil sands field located onshore Canada and is operated by ConocoPhillips.

Four expansion projects are associated with the Surmont Project (ConocoPhillips Company) oil sands field, namely Surmont Phase 3-Tranche 1, Surmont Phase 3-Tranche 2, Surmont Phase 3-Tranche 3 and Surmont Phase 2 Debottleneck. The expansion projects are currently in the approval stage.

Field participation details

The field is owned by ConocoPhillips and TotalEnergies.


Production from Surmont Project (ConocoPhillips Company)

The Surmont Project (ConocoPhillips Company) oil sands field recovered 14.97% of its total recoverable reserves, with peak production expected in 2022. The peak production will approximately 137.92 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2068. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 1,598.58 Mmboe, comprised of 1,598.58 Mmbbl of crude oil & condensate. Surmont Project (ConocoPhillips Company) oil sands field reserves accounts 4.64% of total remaining reserves of producing oil sands fields globally.


About ConocoPhillips

ConocoPhillips is an independent upstream oil and gas company. The company explores, produce, transport and market crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids across the world. It has assets across North America, Africa, Europe, Asia and Australia. Its asset base includes resource rich North American shale and oil sands assets; lower risk legacy assets in North America, Europe, Asia and Australia; several major international developments; and a global conventional and unconventional exploration prospects. Its producing assets are in US, the UK, Norway, Canada, Australia, Timor-Leste, Indonesia, China, Malaysia, Qatar, and Libya. ConocoPhillips is headquartered in Houston, Texas, the US.

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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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