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Hangingstone SAGD Project, Alberta

Owner

Athabasca Oil Corporation

Location

20km south-west of Fort McMurray, Alberta

Project Approved

2012

Start of Production

First steam: 2014, bitumen: 2015

Investment

$536m, $27m for ancillary facilities

Production Capacity

12,000 barrels per day in phase one and more than 80,000 barrels per day in two subsequent phases
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