Albian Sands Energy Inc.

http://www.albiansands.com/

Project title: Muskeg River

Type: Surface mine

Albian Sands is a conglomerate of Chevron, Shell, and Western Oil Sands Inc.  The mine is a surface type that is proposed to be operational in 2002.  Albian estimates that they will have a production of 155,000 barrels of oil per day at the height of production.

“The resource of the Muskeg River Mine and Lease 13 contains more than five billion barrels of mineable bitumen. This is about equal to twice the amount of conventional oil reserves remaining in Alberta. The oil sands deposit is close to the surface and contains a high concentration of oil, making it ideally suited to mining. The Muskeg River Mine will recover 1.65 billion barrels of bitumen over 30 years”.