Japan Canada Oil Sands Limited (JACOS)
extraction company. It is the
operator of the Hangingstone oil sands project. JACOS is a
subsidiary of JAPEX (Japan Petroleum Exploration Company Limited),
which owns 86% share in the company. Minor shareholders are
and Japanese financial institutions (3%).
started oil sands activities in the Athabasca area in 1978 on
leases held by Petro-Canada, Canadian Occidental and Imperial Oil to form
the PCEJ group. It was the first Asian-owned oil company to
exploit the Athabasca oil
JACOS and its partners experimented with a
(CSS) pilot project on the Hangingstone Lease from
1984 to 1994.
In 1992, JACOS parent company JAPEX participated in the Alberta Oil
Sands Technology and Research Authority
(AOSTRA) steam assisted gravity
) pilot experiments at the
underground test facility (UTF) site. With the positive results
from the UTF project, JACOS decided to further pursue SAGD
technology at the Hangingstone site. A 3-phase demonstration
project was designed and constructed with the first phase becoming
operational in 1999.
Hangingstone SAGD facilities are located on Lease OSL70,
approximately southwest of Fort McMurray and west of the community of Anzac.
It currently operates 15
horizontal well pairs and the production is approximately
8,000-8,500 barrels of bitumen per day.
JACOS (75%) and Nexen (25%) are pursuing development plans for the
larger portion of the Hangingstone lease. An extensive 3-D seismic
program was conducted over part of the prospective bitumen area in
2002. Additional exploration core-hole drilling and a 3-D seismic
survey began in the winters of 2007 and 2008 to further delineate
and define the size and extent of the bitumen resource. The company
plans to drill more than 100 delineation
. This is the first step for setting up a commercial
venture with capacity of up to . The potential start-up of the new
facilities would be by 2014.
JACOS together with N-Solv is currently working on a demonstration
plant, to be operational in 2008. The pilot plant will use N-Solv
extraction technology. This technology uses
to extract bitumen from
oil sand reserves. The
plant would have a peak capacity of about of bitumen production.
Total pilot plant construction costs are expected to be about
References and links