​Pengrowth expecting 25 percent growth at oilsands project this year

Pengrowth's Lindbergh SAGD project. Image: Scovan Engineering

New drilling at Pengrowth Energy Corporation’s Lindbergh SAGD project has the facility on an upward production trend.

The company says that ramp up from new well pairs drilled in late 2017 has already increased production at the oilsands project to more than 16,000 bbls/d. That’s up from 14,361 bbls/d in December 2017, according to the Daily Oil Bulletin’s Canadian Oilsands Navigator.

The growth is projected to continue.

As part of Pengrowth’s 2018 optimization strategy for Lindbergh, the company says it will drill eight infill wells in the second quarter of 2018. These wells are expected to be brought on stream in the fourth quarter of 2018, increasing Lindbergh production to approximately 18,000 bbls/d by the end of the year, a 25 percent increase from the end of 2017.

Since 2013 the company has divested of close to $2 billion in conventional oil and gas assets as it streamlines its focus to Lindbergh and its operations in the Montney play.

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