Connacher Oil and Gas Limited declares that its bitumen production rate surpassed 7,000 barrels per day at its Great Divide Pod One steam-assisted gravity drainage (SAGD) project in Alberta's oil sands region.
When added together with Connacher’s conventional crude oil and natural gas production of 3,600 boe/d, Connacher’s total daily production is now approximately 10,600 boe/d. The company is extremely pleased with the production ramp-up achieved at Great Divide Pod One and with the performance of its conventional oil and gas properties.
At Great Divide, Connacher’s SAGD project continues to exceed expectations as production builds towards achievement of anticipated production at the project design level of 10,000 bbl/d of bitumen later in 2008. Currently, 14 well pairs out of the 15 well pairs drilled have been converted to SAGD production.
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Connacher Oil and Gas Limited
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