Laricina Plans Oil Sands Project

摘要

Privately held Laricina Energy said on Friday it is seeking regulatory approvals to build a 150,000 b/d oil sands project in northern Alberta. Laricina, whose investors include the Canada Pension Plan Investment Board and Korea Investment Corp. said the project, called Germain, will use steam-assisted gravity drainage (SAGD) and solventcyclic SAGD methods to tap the reserves of tar-like bitumen.