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 mid 2011 Laricina had one project, Saleski, operational with another, Germain, under construction and moving towards commercial development. The Company also has three additional development areas 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 recognized as an industry pioneer.

Laricina’s oil sands leases totalled 74,004 net acres as of November 2011. 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 500,000 barrels per day of bitumen.

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

Ideas in Action

Watch our latest technological developments and innovations. View our 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.