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TOTAL E&P CANADA
Kotal S.A., one of the world’s largest publicly traded could be taken out of the plans. Previously, commercial total
oil and gas companies, has made a substantial stake volume to bitumen in place (TV:BIP) was pegged at 12: 1, but,
in the oilsands industry through its subsidiary, Total Enerplus sees that could change in the future. A number of
E&P Canada.
companies are looking at an expanded TV:BIP. At a TV: BIP of
In 2005, Total purchased Deer Creek Energy and with it the 15: 1, the entire Joslyn lease could be surface mined.
Joslyn project, which has the unique characteristic of mining
In addition to Joslyn, Total shares 50/50 ownership with
and SAGD on the same leases.
fellow super-major ConocoPhillips of the Surmont SAGD
The SAGD first phase has capacity of 10,000 barrels per day, project. The first phase of 25,000 barrels per day is now opera-
and is currently operational. Total shares Joslyn with Enerplus tional, and the companies have approval to proceed with three
Resources ( 14 per cent) and Laricina Energy ( 1 per cent). more 25,000-barrel-per-day phases.
Phase 1 of the mine is scheduled to begin in 2013, at 50,000 Total has also filed an application for a two-phase upgrader
barrels per day. By the time Phase 4 is operational in 2022, in Alberta’s Industrial Heartland. The first phase would yield
production will have increased to 200,000 barrels per day.
First-phase SAGD may be underway, but future phases
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130,000 barrels per day in 2013/2014. Phase 2, to be commissioned
in 2016, would bring capacity up to 200,000 barrels per day. »
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