Aspen — bitumen project
Data compiled from public filings — information only, not investment advice. AI‑assisted; see methodology.
Project information
As at 31 December 2025
Description
As at 31 December 2025
100% WI Aspen SA-SAGD (Solvent Assisted - Steam Assisted Gravity Drainage) project. AER regulatory approval received Oct 2018. Two phases planned at ~75,000 bbl/d each (before royalties). Phase 1 was board-approved with $2.6B appropriated, construction started Q4 2018. Slowed in March 2019 due to market uncertainty; major investment remains on hold. EBRT (Enhanced Bitumen Recovery Technology) field pilot on the Aspen lease received funding approval in 2023, with pilot start-up anticipated 2027. ~34,000 net acres.
Oil & Gas metrics
As at 31 December 2025
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Oil & Gas inventory & footprint
As at 31 December 2025
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