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Southern Pacific Resource Corp. is engaged in the exploration and development of in-situ oil sands in the Athabasca oil sands region of  Alberta, and the thermal production of approximately 5,000 barrels per day of heavy oil in Senlac, Saskatchewan.

The Corporation has an average 84 % working interest in 269 sections of Alberta’s oil sands. The productive zone is the McMurray Formation, consisting primarily of fluvial and estuarine channel sandstones which form the main bitumen deposits. On May 29, 2009, Southern Pacific filed an application for a 12,000 barrel per day (bbl/d) commercial steam-assisted gravity drainage (SAGD) oil sands project on its McKay block. Once approved and constructed, the STP-McKay Project is expected to produce between 10,000 and 12,000 bbl/d of bitumen for at least 30 years. The approval process takes approximately 12 to 15 months, during which time Southern Pacific plans to secure project financing and begin detailed engineering and long lead equipment procurement.

Southern Pacific is well positioned for growth with five additional prospect areas: Hangingstone West, Leismer South, Kirby, Long Lake and MacKenzie. The Corporation’s strategy is to bring its STP-McKay Project to the point of production as quickly and efficiently as possible. The cash flow from  Senlac and the STP McKay Project will then be used to fund growth into Southern Pacific’s other oil sands leases.

CLICK HERE FOR AN ONLINE PDF VERSION
OF SOUTHERN PACIFIC’S STP-MCKAY SAGD APPLICATION.
(Please note that the application is large and readers may experience delays)

Southern Pacific is a proud member of the Canadian Association of Petroleum Producers (CAPP).

Have questions about Canada’s oil sands? Click here.