Jackfish

Jackfish

The recently acquired Jackfish thermal in situ crude oil assets are an excellent fit with our existing thermal in situ crude oil assets, adding to the Company's long life low decline asset base. The Company's teams are working together to leverage technology and maximize synergies between the existing and acquired crude oil assets. The Company is ahead of its initial plan in achieving targeted annual cost savings of $135 million on the Devon properties, including both thermal in situ and primary heavy crude oil assets. The Company has identified the following thermal in situ crude oil cost savings and optimization opportunities, with the potential for more:
  • Capturing operating cost synergies through consolidation of regional camps and aerodromes.
  • Capturing economies of scale for warehousing, contracting, as well as parts and procurement.
  • Leveraging operational and technical expertise for preventative maintenance programs across the thermal in situ SAGD assets.
  • Reducing costs by optimizing well servicing activities and rig utilization.

Jackfish has three 100% owned and operated central processing facilities with approximately 40,000 bbl/d each. Currently, these asset have a production capability of approximately 108,200 bbl/d .