Operations

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. As of early 2010 Laricina had one project nearing the pilot stage, Saleski, with another, Germain, moving towards commercial development. The Company also has three additional development areas in early-stage exploration and technical evaluation, plus additional exploration lands.

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 is working actively 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 the less developed and less mature Grand Rapids Formation and the Grosmont carbonates, where Laricina is a recognized industry pioneer.

Laricina’s oil sands leases totalled 73,590 net acres as of April 2010. The Company’s most recent resource estimate by GLJ Petroleum Consultants Ltd., independent reservoir engineers, indicates net bitumen-in-place totalling 11 billion barrels, of which 4.6 billion barrels are considered recoverable. Current projects are considered to have net production potential of more than 350,000 barrels per day of bitumen.

Laricina Live

Learn more about Laricina’s oil sands innovations, including initiatives in the carbonate formation, use of core imaging tools, and solvent-assisted process development.

Photo Gallery

See what's going on at Laricina's SAGD operations and who's making it happen. Click to view our Photo Gallery.

Operations

Laricina's land base encompasses the Grosmont, Grand Rapids, Winterburn and McMurray formations and include five development areas – Germain, Saleski, Burnt Lakes, Poplar Creek and Conn Creek.
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Technology & Innovation

Laricina is able to advance new and innovative in situ recovery technologies through a combination of lab-based research, advanced simulation modelling and in-field testing.
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© 2009 Laricina Energy