Hangingstone Facilities
Greenfire operates two SAGD oil production facilities within the same top quality reservoir at Hangingstone, situated 50 km south of Fort McMurray in Northern Alberta.
Hangingstone Expansion and Demo are located near other world-class oil sands assets operated by some of Canada’s largest oil and gas producers.
Hangingstone Facilities
Hangingstone Facilities
Optimizing two SAGD facilities with the same top quality reservoir
Hangingstone Expansion Asset
The Expansion Asset has a large, long-life and relatively low decline oil sands resource base, underpinned by a high quality SAGD reservoir that provides structurally lower capital and operating costs.
Acquired
- September 2021
Characteristics
- 55 km south of Fort McMurray, Alberta
- Greenfire owns a 75% working interest and is operator
- Connected to expandable pipeline infrastructure for diluted bitumen and diluent that can accommodate the production growth outlook
Hangingstone Demo Asset
The Demo Asset shares the same top quality SAGD reservoir as the Expansion Asset.
Location
Acquired
- April 2021
Characteristics
- 50 km south of Fort McMurray, Alberta
- Greenfire owns a 100% working interest and is operator
- Access to expandable pipeline infrastructure for diluted bitumen and diluent via the Expansion Asset
Infrastructure and Moving our Product
Greenfire’s assets are strategically located, providing access to regional infrastructure and sales markets across North America, including heavy oil refining destinations in the US.
- Regional infrastructure in close proximity to the Hangingstone assets enables firm and interruptible transportation for blend and diluent without burdensome long-term commitments
- Marketing strategy focuses on Edmonton as the primary sales point, which opens access to diverse North American markets for superior value capture
