The JACOS Hangingstone Project is located approximately 50km southwest of Fort McMurray and 25km west of the community of Anzac. Hangingstone is a joint venture with JACOS holding a 75% participating interest as the operator and NEXEN Energy ULC holds the remaining 25% interest.
The initial stage will result in bitumen production capacity of around 20,000 barrels of bitumen per day. A decision on expansion of bitumen production of 30,000 barrels per day will be made upon the success of start-up.
Bitumen production will continue for around 30 years using the steam-assisted gravity drainage (SAGD) method, which has previously been in practice at the Hangingstone Demonstration operation for more than 15 years.
First steam was achieved on April 28th, 2017 with first oil following on August 3rd, 2017.