CNOOC announces the start of production at Hangingstone in Alberta

8/8/2017

HONG KONG -- CNOOC Limited has announced that the Hangingstone project in Canada has already commenced production.

The Hangingstone project, located in Alberta, Canada, consists of steam-generating equipment, well pad facilities, 32 well pairs, water treatment and bitumen flowlines. The project is expected to reach its peak production rate of approximately 20,000 bbl of bitumen per day in 2018.

NEXEN Energy ULC, a wholly owned subsidiary of CNOOC Limited, has a 25% working interest in Hangingstone Project, while Japan Canada Oil Sands Limited (JACOS) holds the remaining 75% working interest and acts as the operator.

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