Global Finance News
24 Feb 2026, 20:51
ConocoPhillips has achieved first oil from Well Pad 104W-A at its Surmont oil sands asset, marking a key milestone in the latest phase of development.
The pad, which includes eight well pairs operating under the Steam-Assisted Gravity Drainage (SAGD) process, came online ahead of schedule on Dec. 11, 2025. In SAGD operations, steam is injected into the reservoir to heat heavy oil, allowing it to flow to a lower production well for recovery.
Production from 104W-A is now flowing to the Surmont 1 facility for central processing. Construction is underway on a second pad, 104W-B, which will feature 12 well pairs and is expected to come online in about 12 months.
The startup is expected to support production growth through 2026 and into 2027 as Surmont advances its long-term development plans.
Source: ConocoPhillips
The pad, which includes eight well pairs operating under the Steam-Assisted Gravity Drainage (SAGD) process, came online ahead of schedule on Dec. 11, 2025. In SAGD operations, steam is injected into the reservoir to heat heavy oil, allowing it to flow to a lower production well for recovery.
Production from 104W-A is now flowing to the Surmont 1 facility for central processing. Construction is underway on a second pad, 104W-B, which will feature 12 well pairs and is expected to come online in about 12 months.
The startup is expected to support production growth through 2026 and into 2027 as Surmont advances its long-term development plans.
Source: ConocoPhillips
