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Statoil’s Leismer project produces one million barrels of oil

June 16, 2011, 11:51 CEST

 

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The Leismer Demonstration Project.
(Photo: Øyvind Hagen).

“We have achieved many milestones at Leismer in the past year, including regulatory approvals, a safe startup of operations and now this significant production milestone,” said Lars Christian Bacher, President of Canadian Operations.

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Lars Christian Bacher, President of Canadian Operations. (Photo: Harald Pettersen)

 “We will continue to drive shareholder value through operational efficiency as we move into future phases of our oil sands business in Canada.”  
 
First oil at LDP was achieved in January 2011 and is expected to ramp up to its rated capacity of 18,800 barrels per day within 24 months.

Statoil’s Kai Kos Deh Seh project includes four oil sands leases in the Athabasca region of Northeast Alberta:  Leismer, Corner, Hangingstone and Thornberry.