Thermal Oil Division definition

Thermal Oil Division means Athabasca’s business unit which is primarily focused on the exploration for, and sustainable development and production of, bitumen from oil sands.
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Thermal Oil Division means Athabasca’s business units that are primarily focused on the exploration for, and sustainable development and production of, bitumen from oil sands.
Sample 1

Examples of Thermal Oil Division in a sentence

  • Natural gas consumed by Athabasca in order to generate steam in the Thermal Oil Division.

  • The Company's bitumen reserves are located in the Leismer, Corner and Hangingstone areas of the Company's Thermal Oil Division.

  • Thermal Oil Division The Thermal Oil Division consists of the Hangingstone, Dover West, Birch and Grosmont CGUs located in the Athabasca region of northern Alberta.

  • WCS trades at a wider differential to the WTI price compared to lighter crude oil products.(3) Crude oil sales in the Company's Light Oil Division.(4) Condensate sales in the Company's Light Oil Division and for diluent purchases which Athabasca utilizes in the blending process in the Thermal Oil Division.

  • Thermal Oil The Thermal Oil Division consists of the Leismer/Corner and Hangingstone CGUs as well as the fully impaired CGUs consisting of Dover West, Birch and Grosmont.

  • The Company's bitumen reserves and resources are located in the Hangingstone, Dover West and Birch areas of the Company's Thermal Oil Division.

  • WCS trades at a wider differential to the WTI price compared to lighter crude oil products.(3) Crude oil sales in the Company's Light Oil Division.(4) Condensate sales in the Company's Light Oil Division and for diluent purchases which Athabasca utilizes in the blending process in the Thermal Oil Division.(5) Natural gas consumed by Athabasca in order to generate steam in the Thermal Oil Division.

  • In the Thermal Oil Division, the Proved Developed Producing (“PDP”) reserves decreased by 10% to 61 MMbbl due to 2020 production and no new drilling activity.

  • The Company maintains flexibility for use of potential proceeds which could include bolstering liquidity and/or debt reduction, investing in projects across its asset base that will generate attractive returns for shareholders, and initiating a share buyback program.CONSOLIDATED RESULTS For analysis of operating results see the Light Oil Division and Thermal Oil Division sections within this MD&A.

  • Athabasca will now pay Burgess a sliding-scale royalty of 0% - 12% based on Athabasca’s realized bitumen price (C$).• During the three and nine months ended September 30, 2016, Athabasca's bitumen production averaged 8,830 bbl/d and 7,079 bbl/d in the Thermal Oil Division, respectively, compared to 2,105 bbl/d and 716 bbl/d during the same periods in the prior year.

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