Imperial Oil files regulatory application for expansion of Cold Lake
The proposed Cold Lake expansion project will use solvent-assisted, steam-assisted gravity drainage (SA-SAGD) technology to extract bitumen from the Grand Rapids formation. The project is expected to produce about 50,000 bbl/day once operational. The company notes construction could start as early as 2019 with production commencing in 2022.
The Cold Lake expansion is one of several in-situ opportunities Imperial is currently evaluating. Other projects include the Aspen, Corner and Clyden leases in northeast Alberta.