THAI oil recovery project on track for mid-2012 and oil Pipelines to North Dakota and Bakken Oil will be Expanded

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1. Petrobanks May River oil sand project phase 1 is on track for mid-2012 to produce about 10,000 to 15000 barrels per day.

This project will prove the scaling of the THAI oil recovery process. THAI™ (Toe to Heel Air Injection) is an evolutionary new configuration for in-situ combustion which combines a horizontal production well with a vertical air injection well placed at the toe. THAI would allow 70-80 percent recovery of oil-in-place.

2. Canadian pipeline company Enbridge Inc. (ENB, ENB.T) said Tuesday it will spend about $550 million to expand its pipelines serving oil producers in the Bakken and Three Forks formations in North Dakota, Saskatchewan, Montana and Manitoba.

The expansions will add about 145,000 barrels a day to Enbridge’s Bakken pipeline capacity by early 2013, and could be expanded further to 325,000 barrels a day at low cost, the company said. The pipelines will run from facilities near Tioga, N.D., to Enbridge’s Mainline terminal in Cromer, Manitoba.

“We are confident that this series of expansions will relieve much of the current demand for pipeline capacity out of the Bakken and Three Forks production areas as well as provide the foundation for timely future expansions to meet the needs of the region,” said Enbridge’s executive vice president in charge of liquids pipelines, Stephen Wuori.

Enbridge has been expanding its pipeline capacity in the Bakken region to keep up with growing production. A separate expansion of its North Dakota pipeline system completed this year increased capacity by nearly 50% to 161,500 barrels a day, while an expansion of its Saskatchewan System to be completed later this year will increase capacity by 125,000 barrels a day.

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