The company targeted oil sands opportunities outside of the Athabasca mining area and was focusing on in situ plays in the Grosmont and Grand Rapids formations.
[3] The company has established four main development areas in Germain, Saleski, Poplar and Conn Creek within the Athabasca oil sands region, with more than 10.2 billion barrels (1.62×109 m3) of estimated exploitable net bitumen.
The primary objective of the Saleski Pilot is to understand the technical parameters of the reservoir in order to optimize the application of the SC-SAGD process for commercial development.
[10] In October 2011 Laricina received Order in Council approval from the Alberta Government for its Germain 5,000 bbl/d (790 m3/d) Commercial Demonstration solvent-cyclic steam-assisted gravity drainage (SC-SAGD) project.
[11] The Germain project is currently under construction with first steam injection taking place in June 2013 and first bitumen production expected in the fourth quarter of 2013.
[12] In May 2013 Laricina received approval from the Energy Resources Conservation Board of Alberta for its Stony Mountain Pipeline in the western Athabasca oil sands region.
The project will be able to carry 200,000 barrels per day of blended bitumen through a 187 km, 24 inch pipeline from Saleski to Cheecham south of Fort McMurray.
The scholarships provide financial assistance based on academic merit to continuing undergraduate students studying mechanical, chemical, or oil and gas engineering.