They thought it couldn’t be done in the ‘60s. The oil was too deep to extract and in situ technology didn’t exist when we purchased the Cold Lake leases more than five decades ago. But we believed in the power of innovation. Today, after 45+ years of continuous production, Cold Lake continues to defy oil sands industry norms and produce more with less impact to the environment.
It all started with Cyclic Steam Stimulation, which we still use today. That’s a fancy way of saying we use steam to extract bitumen from 400 metres under the ground using a vertical well.
But we weren’t done innovating. In 2001, we invented LASER which reduced the use of steam. Less steam means less use of water, and less energy to heat the water we do use. This reduces our greenhouse gas intensity. We currently use LASER at 240 wells at Cold Lake.
We are also testing
next-generation technologies here that reduce our water and energy use even more.