The company holds interests in three oil sands assets in the Athabasca region of northeast Alberta
- Sunrise is a 50:50 partnership between Husky Energy and BP, with Husky as the operator. It is a world-class reservoir with production anticipated over a 40-plus year life span. Phase one commenced operations in late 2014.
- Pike is a joint venture partnership with Devon in which BP has a 50% non-operated interest. Pike Phase 1 was granted regulatory approval in November 2014. Engineering for the first phase of development is currently paused until the conditions are right for both parties to support moving forward.
- Terre de Grace is a partnership with Value Creation Inc. BP is a 75% owner and the operator of this project. Initial appraisal drilling and seismic are complete.
The resource potential of these projects is expected to provide a secure supply of oil to consumers in North America. We recognize that oil sands projects raise environmental challenges and we are actively seeking ways to undertake these projects while minimizing the environmental footprint. Our oil sands projects, whether BP-operated or not, are developed in consultation with local communities.