Albian Sands hits the billion-barrel milestone

Albian Sands hits the billion-barrel milestone

Canadian Natural Resources announced its 1-billionth barrel of production at Albian Sands this week.

Albian includes both the 155,000 bbl/day Muskeg River Mine, which began operation in 2003, and 100,000 bbl/day Jackpine expansion, which came online in 2010. Both facilities produce a diluted bitumen product, which is pipelined to the Scotford Upgrader near Edmonton for conversion in light synthetic crude.

Albian Sands is part of the Athabasca Oil Sands Project (AOSP), which includes the 255,000 bbl/day Scotford Upgrader. AOSP was originally built and operated by Royal Dutch Shell, who owned 60% of the project, along with partners Chevron and Marathon Oil, who each had a 20% stake in the joint-venture.

CNRL took over as operator of the mines in the spring of 2017 after it purchased a majority of the project from both Shell and Marathon Oil for about US$9.8 billion. Shell retained a minority interest in AOSP, and remains as operator of the Scotford Upgrader.

Ownership of AOSP is now split 70% CNRL, 10% Shell and 20% Chevron.

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