• Sign up for the Daily Digest E-mail
Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Columns
    • Discussions
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAODC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Well Licences
    • USA Market Data
    • Data Subscription
  • Jobs

BOE Report

Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Columns
    • Discussions
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAODC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Well Licences
    • USA Market Data
    • Data Subscription
  • Jobs

Imperial Oil vows to employ oilsands technology to cut GHG intensity by 10%

August 28, 201812:51 PM The Canadian Press0 Comments

Imperial Oil's Kearl Oil Sands Mine

CALGARY – Imperial Oil Ltd. is pledging to cut its oilsands greenhouse gas emissions per barrel by 10 per cent over the next five years as it ramps up production and works to get in line with increasingly stringent environmental regulation.

CEO Rich Kruger says the company will achieve the improvement compared with 2016 by employing new technologies at its legacy Cold Lake oilsands wells, by reaching the full 220,000-barrels-per-day capacity of its Kearl oilsands mining project and through other incremental efficiencies.

He says further improvements could come if its proposed 75,000-bpd, $2.4-billion Aspen oilsands project gets regulatory approval, expected by year-end, and is sanctioned by the company for construction.

Following a media tour of the company’s research centre in southeast Calgary, Kruger says Imperial will use solvents to reduce by as much as 25 per cent the amount of steam needed to make heavy sticky bitumen flow from horizontal wells at Aspen.

The Alberta Energy Regulator is considering holding a public hearing on the project after inviting interveners to register, possibly extending an application process that began in 2013.

At Cold Lake, Imperial is proposing to expand the use of its cyclic solvent process to almost eliminate the use of steam and reduce greenhouse gas emissions by up to 90 per cent in parts of the oilfield.

“In a world that prices carbon, and has escalating prices for carbon in the future, actions like this will indeed make us more competitive,” Kruger said.

He said the goals are good for business but acknowledged they will also help Imperial adjust to proposed federal clean fuel standards designed to achieve reductions in GHG emissions by 2030.

Companies in this story: (TSX:IMO)

Imperial Oil

Follow the BOE Report
  • linkedin
  • facebook
  • twitter
Sign up for the BOE Report Daily Digest E-mail
Latest Headlines
  • Cardinal announces its 2021 operating and capital budget focused on continued debt reduction and asset optimization
  • Newfoundland government to fund refinery as search for buyer continues
  • Canada’s rig count up 11 to 181
  • U.S. drillers add oil and gas rigs for 8th week in a row
  • Oil falls as China lockdown, U.S. unemployment temper gains

Return to Home
Alberta Gas
CAD/GJ
Market Data by TradingView

About
  • About BOEReport.com
  • In the News
  • Terms of Use
  • Privacy Policy
Resources
  • App
  • Widgets
  • Notifications
  • Daily Digest E-mail
Get In Touch
  • Advertise
  • Post a Job
  • Contribute
  • Contact
Featured In
  • CamTrader
  • Rigger Talk
Data Partner
  • Foxterra
BOE Network
© 2021 Grobes Media Inc.