Japan-China Oil Sands JV Comes Online

Japan Petroleum Exploration Co (Japex) and Nexen Energy ULC—a
wholly owned subsidiary of China’s CNOOC—started last week the
production ultra-heavy crude oil from the Hangingstone Oil Sands
Project in Alberta, Canada, the Japanese company said on Tuesday.
Japex and Nexen launched production last Thursday using the
Steam-Assisted Gravity Drainage (SAGD) method, at a current bitumen
production rate of 1,000 bpd. After wells get switched to full
production mode, the companies expect production volume at the
Hangingstone project to…

Japan Petroleum Exploration Co (Japex) and Nexen Energy ULC—a
wholly owned subsidiary of China’s CNOOC—started last week the
production ultra-heavy crude oil from the Hangingstone Oil Sands
Project in Alberta, Canada, the Japanese company said on Tuesday.
Japex and Nexen launched production last Thursday using the
Steam-Assisted Gravity Drainage (SAGD) method, at a current bitumen
production rate of 1,000 bpd. After wells get switched to full
production mode, the companies expect production volume at the
Hangingstone project to…