Chinese oil company, CNOOC Limited has announced the production of its 20,000 barrels per day production of Bitumen in 2018.
According to a statement released on Wednesday, the Hangingstone project located in Alberta, Canada has already started production.
The statement said the project consists of steam-generating equipment, well pad facilities, 32 well pairs, water treatment and bitumen flow lines.
The oil and gas project is expected to reach its peak production rate of approximately 20,000 barrels of bitumen per day in 2018.
NEXEN Energy ULC, a wholly owned subsidiary of CNOOC Limited, has a 25% working interest in Hangingstone Project, while Japan Canada Oil Sands Limited (JACOS) holds the remaining 75% working interest and acts as the operator.