Page 27 - November 18, 2019
P. 27
THE WEEKLY ANCHOR
PAGE 18 MONDAY NOVEMBER 6, 2017
A
Monthly update on the Oil & Gas and Energy Industry
ENERGY EDUCATION IN ACTION
THE WEEKLY ANCHOR MONDAY NOVEMBER 18, 2019 PAGE 27
A Monthly update on the Oil & Gas and Energy Industry
Projects enhance Alberta's role as energy leader
Release: Quick facts: submitted for government approval.
Teck Resources Frontier project; Terrapin geothermal power project is;
By advancing two significant energy - Is in the Regional Municipality of Wood - Located near Grande Prairie, about 450
projects, government is further Buffalo, about 110 kilometres northwest of Fort kilometres northwest of Edmonton.
demonstrating Alberta is open for business McMurray. - Led by Terrapin Geothermics, in
and committed to increasing investor - Is expected to produce about 260,000 barrels partnership with the Municipal District of
confidence. per day of bitumen once operational. Greenview and PCL Construction.
Teck Resources Ltd.'s Frontier oil sands - Involves surface mining operations and will - Expected to harness the potential of a
project and a geothermal exploration project incorporate best practices to protect the reservoir more than 2,000 metres below
by Terrapin Geothermics would build on environment and reduce emissions. ground. It is estimated to produce enough
Alberta's energy strengths, while - Requires stringent approval of its geothermal energy to generate five to eight
continued from page 26
diversifying its vast natural resource development plan – also known as a scheme – megawatts of electricity and heat – enough
potential. by the Alberta Energy Regulator before being to power thousands of homes.
This is the second major oil sands project
approval in recent weeks, providing another Curtailment relief for oil shipped by added rail
example of government speeding up its
regulatory process. Frontier also requires
federal approval. If granted, Teck could Release: will help address the continued lack of
move to the next stages of development, takeaway capacity caused by pipeline
including making a final investment decision Operators will be provided with special delays that are negatively impacting
Tim McMillan and applying for other environmental production allowances to increase oil Alberta's oil and gas sector.
President and CEO licences and local area development permits. production – if additional oil is moved by rail – Government will work with operators to
Canadian Association of Petroleum Producers Government has also granted Terrapin in order to meet increasing demand. set the special production allowance
Geothermics the rights to conduct testing Many oil producers are capable of producing baseline, which will be based off the
operations and explore the geothermal more than their curtailment limits permit and operator's Q1 2019 average rail shipment.
potential of an area near Grande Prairie. This this allowance will enable operators to use all
allows the company to begin seeking available rail capacity in Alberta. Quick facts
regulatory approvals for its geothermal “The special allowance program will protect Special production allowance:
power project. This advancement means the the value of our oil by ensuring that operators - In effect starting the December
project is one step closer to operating test are only producing what they are able to move production month.
wells within the Municipal District of to market. Pipeline delays ultimately have - An allowance will be provided using a
Greenview. constrained market access and dampened simple application process for operators
“Projects like these show that companies investment in our oil sector. This program will who plan to increase their production and
have confidence investing in Alberta. lead to more production and increased intend to move it by rail.
Provided the projects are in the best interest investment, benefitting industry, our province's - Operators must move all the additional
of Albertans, we need to hold up our end of bottom line, and, ultimately, Alberta taxpayers.” production by rail and cannot overproduce
the bargain by ensuring timely approvals.” Sonya Savage, Minister of Energy. their allowance.
Sonya Savage, Minister of Energy, Industry approached government with a - Volumes moved under an allowance by
proposal to ship more crude by rail in exchange rail cannot be nominated onto pipelines.
for curtailment relief. This short-term approach
Industry supporters of responsible energy
Specializing in pipeline construction, facility constructions,
maintenance, abandonments and compression projects
780-728-0004 4515 2nd Avenue
PAGE 18 MONDAY NOVEMBER 6, 2017
A
Monthly update on the Oil & Gas and Energy Industry
ENERGY EDUCATION IN ACTION
THE WEEKLY ANCHOR MONDAY NOVEMBER 18, 2019 PAGE 27
A Monthly update on the Oil & Gas and Energy Industry
Projects enhance Alberta's role as energy leader
Release: Quick facts: submitted for government approval.
Teck Resources Frontier project; Terrapin geothermal power project is;
By advancing two significant energy - Is in the Regional Municipality of Wood - Located near Grande Prairie, about 450
projects, government is further Buffalo, about 110 kilometres northwest of Fort kilometres northwest of Edmonton.
demonstrating Alberta is open for business McMurray. - Led by Terrapin Geothermics, in
and committed to increasing investor - Is expected to produce about 260,000 barrels partnership with the Municipal District of
confidence. per day of bitumen once operational. Greenview and PCL Construction.
Teck Resources Ltd.'s Frontier oil sands - Involves surface mining operations and will - Expected to harness the potential of a
project and a geothermal exploration project incorporate best practices to protect the reservoir more than 2,000 metres below
by Terrapin Geothermics would build on environment and reduce emissions. ground. It is estimated to produce enough
Alberta's energy strengths, while - Requires stringent approval of its geothermal energy to generate five to eight
continued from page 26
diversifying its vast natural resource development plan – also known as a scheme – megawatts of electricity and heat – enough
potential. by the Alberta Energy Regulator before being to power thousands of homes.
This is the second major oil sands project
approval in recent weeks, providing another Curtailment relief for oil shipped by added rail
example of government speeding up its
regulatory process. Frontier also requires
federal approval. If granted, Teck could Release: will help address the continued lack of
move to the next stages of development, takeaway capacity caused by pipeline
including making a final investment decision Operators will be provided with special delays that are negatively impacting
Tim McMillan and applying for other environmental production allowances to increase oil Alberta's oil and gas sector.
President and CEO licences and local area development permits. production – if additional oil is moved by rail – Government will work with operators to
Canadian Association of Petroleum Producers Government has also granted Terrapin in order to meet increasing demand. set the special production allowance
Geothermics the rights to conduct testing Many oil producers are capable of producing baseline, which will be based off the
operations and explore the geothermal more than their curtailment limits permit and operator's Q1 2019 average rail shipment.
potential of an area near Grande Prairie. This this allowance will enable operators to use all
allows the company to begin seeking available rail capacity in Alberta. Quick facts
regulatory approvals for its geothermal “The special allowance program will protect Special production allowance:
power project. This advancement means the the value of our oil by ensuring that operators - In effect starting the December
project is one step closer to operating test are only producing what they are able to move production month.
wells within the Municipal District of to market. Pipeline delays ultimately have - An allowance will be provided using a
Greenview. constrained market access and dampened simple application process for operators
“Projects like these show that companies investment in our oil sector. This program will who plan to increase their production and
have confidence investing in Alberta. lead to more production and increased intend to move it by rail.
Provided the projects are in the best interest investment, benefitting industry, our province's - Operators must move all the additional
of Albertans, we need to hold up our end of bottom line, and, ultimately, Alberta taxpayers.” production by rail and cannot overproduce
the bargain by ensuring timely approvals.” Sonya Savage, Minister of Energy. their allowance.
Sonya Savage, Minister of Energy, Industry approached government with a - Volumes moved under an allowance by
proposal to ship more crude by rail in exchange rail cannot be nominated onto pipelines.
for curtailment relief. This short-term approach
Industry supporters of responsible energy
Specializing in pipeline construction, facility constructions,
maintenance, abandonments and compression projects
780-728-0004 4515 2nd Avenue
