Total said the Joslyn Project, a major venture to extract up to 2 bln barrels of heavy oil in Canada, has entered the production phase.
Deer Creek Energy, a Canadian firm that Total acquired last year for more than 1.2 bln usd, has an 84 pct stake in the project.
The oil is in the form of bitumen located in the giant Athabasca oil sands deposits in Alberta.
Output will initially be raised to a plateau of 10,000 barrels per day, and permission is being sought from Canadian authorities to raise production to 100,000 bpd.
Total expects the Joslyn Project and other heavy oil projects it is developing in Canada to produce a combined 300,000 bpd within 10 years.
Deer Creek Energy, a Canadian firm that Total acquired last year for more than 1.2 bln usd, has an 84 pct stake in the project.
The oil is in the form of bitumen located in the giant Athabasca oil sands deposits in Alberta.
Output will initially be raised to a plateau of 10,000 barrels per day, and permission is being sought from Canadian authorities to raise production to 100,000 bpd.
Total expects the Joslyn Project and other heavy oil projects it is developing in Canada to produce a combined 300,000 bpd within 10 years.
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