Total assigns a 10% Interest in Canada’s Joslyn Oil Sands Project to INPEX
Total today announces that it has assigned a 10% interest in the Joslyn project to INPEX Canada, a subsidiary of Japanese oil company INPEX Corporation.
Located around 60 kilometres northwest of Fort McMurray in the Athabasca region of the Canadian province of Alberta, the Joslyn oil sands project is operated by Total. The first phase of the Joslyn project entered commercial production in late 2006, the bitumen is recovered using steam assisted gravity drainage (SAGD) technology, which involves injecting steam deep into the oil sands. Production should reach 10,000 barrels per day at plateau by 2009.