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 BP Canada Energy Company ranks among Canada’s top marketers and traders of natural gas and natural gas liquids and is a major purchaser of crude oil for BP’s refineries in the United States. We are active in the natural gas liquids processing business. Our major assets include fractionation plants at Fort Saskatchewan, Sarnia and Empress. With a capacity of 4.6 billion cubic feet per day, BP Empress is one of the largest gas processing plants in North America. BP Canada Energy Company holds three oil sands opportunities in Northern Alberta suitable for in situ development using steam-assisted gravity drainage (SAGD) technology: * A joint venture with Husky Energy to develop the Sunrise oil sands lease in the northeastern Athabasca region of Alberta. * A joint venture with Devon Energy to develop the Pike oil sands lease in the southern Alberta region of the Athabasca oil sands deposit. * A partnership with Value Creation Inc. to develop the Terre de Grace oil sands lease in the northwestern Athabasca Region of Alberta. The resource potential of these projects will provide a secure source of oil supply to consumers in North America. We recognize that oil sands projects raise environmental challenges and we are actively seeking ways to undertake these projects in a way that minimizes the environmental footprint. BP Canada Energy Company holds licences in the Beaufort Sea and the Mackenzie Delta. BP Exploration Operating Company Limited (BPEOC) has interests in four active offshore exploration licences (EL) totaling over 8,000 square kilometres in the Canadian Beaufort Sea. BPEOC and Imperial Oil have formed a joint venture to explore two of the offshore licences (EL 446 and 449) located approximately 180 kilometres from Tuktoyaktuk, Northwest Territories. |
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