Royal Dutch Shell Plc  .com Rotating Header Image

UpstreamOnline: Shell sets oil sands steam target

By Upstream staff

Shell Canada aims to produce 50,000 barrels of tar-like bitumen a day from its steam-driven oil sands operations over the next two years, helped by its C$2.4 billion ($2.1 billion) takeover of BlackRock Ventures, it said today.

Following the buy up, Shell Canada estimates its “in situ” oil sands reserves at 25 billion barrels. In situ oil sands are produced in wells with the aid of steam, instead of being mined.

The long-term potential production from those assets is 150,000 barrels a day, Shell Canada said, Reuters reported.

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.