Pengrowth makes progress at Lindbergh
Pengrowth Energy says it has allocated about $45 million towards continued expansion and maintenance activities at its Lindbergh thermal project.
Lindbergh is a 12,500 bbl/day steam-assisted gravity drainage (SAGD) facility located in the Cold Lake area. The company is working towards expanding capacity to 40,000 bbl/day in its Phase II expansion project.
Pengrowth says the wells that were drilled last year as part of its optimization program are now producing oil. The company expects bitumen production to reach 16,000 bbl/day by the end of the first quarter.
Eight additional infill wells are expected to be drilled in the second quarter of this year. Those new wells should begin production sometime in the fourth quarter, bringing year-end production volumes closer to 18,000 bbl/day.