• Since February 2007, Sunshine Oilsands Ltd. has acquired 10,000 acres of land in the Athabasca oilsands region for four steam-assisted gravity drainage projects. Sunshine estimates this includes more than 14.2 billion barrels of oil in place, 7.2 billion barrels in Cretaceous sands and seven billion barrels in Devonian carbonates. A 58-core-hole program was completed last year and Sunshine has now outlined its development plan. West Ells, the first to be developed, will be completed in stages. The first stage will be a $380 million, 10,000 bpd project. The application for this first phase is expected to be submitted in December and first steam is scheduled for second quarter 2011.
  • Athabasca Oil Sands has submitted a regulatory application for its first SAGD pilot project at Dover in the Athabasca oilsands. A second pilot for Thickwood is expected to be filed later this year. The pilots are designed to observe reservoir behaviour and operating parameters and operate at 1000 - 2000 bpd of bitumen. Both pilots target first oil by 2010. Athabasca Oil Sands has a 100% working interest in over 700,000 acres of in situ leases in the area. The company says production potential is 150,000 bpd in Thickwood, 50,000 bpd in Dover, 90,000 bpd in Dover East, 120,000 bpd in Doverwest, and 30,000 bpd in Hangingstone.
  • Chicago Bridge & Iron has been awarded an extra $400 million by Suncor Energy Services under an existing contract to design and build a storage terminal as part of the Suncor Voyageur Upgrader oil sands project. The original contract was awarded in July 2006 with a total contract value of about $500 million. CB&I's scope of work includes detailed engineering design, procurement, fabrication, field construction and mechanical installation, including supporting infrastructure. The project, located about 25 kilometres north-east of Fort McMurray, Alberta, is scheduled for completion in 2011.
  • French giant Total has increased its takeover bid for Synenco Energy Inc. to $10.25 cash per share from $9 per share under an amended agreement. Calgary, Alberta-based Synenco operates the proposed Northern Lights oil sands project in northern Alberta. Its board of directors has recommended that shareholders accept the new offer.