Report summaryThe Hangingstone development is located in the Athabasca oil sands region of Alberta, 50 kilometres southwest of Fort McMurray. Japan Canada Oil Sands (JACOS) has been operating a pilot plant in the area since 1999 and is building a commercial Steam Assisted Gravity Drainage (SAGD) facility to fully develop the bitumen reserves. The pilot project is operated and solely-owned by JACOS, but equity in the main development is split with Nexen (which owns 25%). CNOOC acquired Nexen in ...
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