To view Southern Pacific's STP-McKay Phase 2 application, visit this page.
Click here to view photos of STP-McKay.
- STP-McKay is 45 km NW Ft. McMurray
- 10.5 section project area
- 100% STP working interest
STP-McKay Phase 1
- 12,000 bbl/d oil + 37,400 bbl/d steam
- Long lease tenure remaining (first expiry 2025)
Central Process Facility
- Facility continues to run well
- On Steam Factor since July 1, 2012 is greater than 99%
- Generating all electrical power through 2 cogeneration units with a 3rd on standby
- Emulsion treating and storage systems fully operational
U.S. Gulf Coast by Rail Market Strategy
- 5 year deal commenced January 1, 2013
- 4,500 km by rail
- Terminals in Lynton, AB, and Natchez, MS
- Reduces diluent requirements
- Improved netbacks
- Secure access to market
- Access to US Gulf Coast sourced diluent
- Subleasing reduces annual fixed costs
Phase 1 Expansion
- Additional 6,000 bbl/d oil + 13,000 bbl/d steam
- Pending regulatory approval
Phase 2 Plans
- Additional 18,000 bbl/d oil + 63,000 bbl/d steam
- Pending regulatory approval