Located northwest of Fort McMurray, VCI s Terre de Grace property is one of the largest wholly-owned oil sands blocks held by an independent Canadian company. The Terre de Grace lease area consists of approximately 290 square miles (over 74,000 hectares). The Terre de Grace Project will be the first bitumen production project developed by VCI and will integrate its proprietary technology. First oil production is expected in 2011. VCI plans to submit a regulatory application to the AEUB and Alberta Environment prior to the end of 2008. On a planning and regulatory basis, production from Terre de Grace is expected to be developed in phases of approximately 40,000 to 80,000 bbl/d which can be operated either sequentially or in parallel with significant growth potential to over 300,000 bbl/d over the entire block. The project will consist of a central processing plant (including USP ™) that will be fed by a number of resources sites utilizing integrated SAGD/ADC ™ technology. The full production life and recoverable resources in the Terre de Grace block will be confirmed as further delineation drilling and interpretation continues over the next few years. The SAGD Process VCI is planning to deploy the Steam Assisted Gravity Drainage (SAGD) process to exploit the Terre de Grace bitumen resources. The schematic shows an array of horizontal well pairs for recovering the highly viscous (thick, sticky) bitumen from the Athabasca oil sands. The SAGD process involves pairs of horizontal wells drilled from the surface. The injector well is generally placed parallel to and about five metres above the producer well. The injector is placed three metres offset from the base of the bitumen formation. The wells are usually spaced about 100 metres laterally apart. SAGD is the only economically viable, field-proven, in situ thermal recovery technology for recovering bitumen resources that are too deep for surface oil sands mining. SAGD operates at below reservoir fracturing pressure at all times. The steam introduced at the upper injector well spreads upward and outward, while the bitumen with lowered viscosity due to increased temperature is continuously drained by the lower producer.
Value Creation Group of Companies is Calgary-based company (Alberta, Canada) with a phone number 4035394500. Our data show that the company is located at the address: 635 8 Ave SW. The company has a web site: www.vctek.com.
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