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Operations

A portfolio of world-class in situ oil sands assets.

Laricina’s operations are focused on exploration and development, through in situ recovery techniques, of less mature bitumen deposits in Alberta’s oil sands region. Since 2005, Laricina has accumulated a deep project inventory creating a broad-based portfolio. Laricina currently has two core projects at Saleski and Germain. The Company also has three additional development areas in early-stage exploration and technical evaluation, plus additional exploration lands.

Germain/Saleski topographical map

The Company consistently seeks high-quality assets in close proximity to infrastructure that have the potential for meaningful scale of operations. Laricina’s growth model is built around applying internally generated technologies and innovations that aim to reduce costs, minimize environmental footprints and optimize recoveries from in situ development. Planned recovery schemes include improved variants of steam-assisted gravity drainage (SAGD).

A major focus is to achieve a commercially viable production model for bitumen resources held in carbonate formations in addition to the sandstones traditionally pursued in oil sands development. Laricina has worked in the field as well as the laboratory to advance along the technology curve and apply its findings to producing projects. Laricina’s project portfolio provides exposure to the familiar McMurray Formation sands play, as well as developing Grand Rapids Formation and the Grosmont carbonates, where Laricina is recognized as an industry pioneer.

Targeted bitumen formation showing stacked horizons, development and operational synergies, SAGD, C-SAGD and SC-SAGD recovery processes and carbon management.

Laricina’s oil sands leases total 77,886 net hectares. Laricina holds a portfolio of approximately 0.5 billion net barrels of probable reserves, 3.9 billion net barrels of contingent resources (best estimate) and 0.3 billion net barrels of prospective resources (best estimate) with more than 12.1 billion barrels best estimate exploitable net-bitumen-in-place.

Where Energy
Meets Innovation

Laricina is advancing in situ technology and innovation, through its forward thinking approach and practices. Our ideas begin with people whose knowledge is based on years of in situ experience, redefining and shaping several of the processes we are implementing today.

Visit Saleski Virtual Tour

Saleski Virtual Tour - Click on this image to take a virtual tour of Laricina’s Saleski project.

Multimedia

Watch our latest technological developments and innovations. View our video gallery.
SAGD Video Gallery

Photo Gallery

See what's going on at Laricina's in situ operations and who's making it happen. View our Photo Gallery.
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