Canada upstream news

Total announces that the Fort Hills oil sands project located in Alberta, Canada, 90 km north of Fort McMurray, has achieved first oil and production is expected to ramp up over the next few months.

Enbridge applied to the NEB on March 10, 2017 after identifying a potential safety concern related to a shifting slope on the Mackenzie River.

GlobalData forecasts that over US$39.2 billion in Capex will be spent by ExxonMobil on oil projects over the next four years, with onshore fields accounting for over half of the company’s crude production in this period.

This CAN$33 million budget includes CAN$9 million of expansion capital and CAN$24 million of equipment maintenance and upgrade capital.

Statoil has finalised an exploration drilling programme, which has not resulted in the discovery of hydrocarbons.

Apache Corporation has announced that it will complete an exit from Canada upon the closing of three recent transactions.