Japan Canada Oil Sands (JACOS) and minority partner Nexen have filed their application for the commercial phase of their long-running Hangingstone SAGD project.
Hangingstone, which has been running since 1999, currently produces about 7,000 barrels per day. JACOS is seeking approval to expand that by up to 35,000 barrels per day. Approval and final investment decision are anticipated in 2011, with production start in 2014.
“JACOS is now ready to start work on the front-end engineering and design (FEED), with the aim of optimizing both the scale and configuration of facilities,” the company says.
JACOS is a subsidiary of Japan Petroleum Exploration Co.
