Type Corporation Area served Athabasca Headquarters Calgary, Canada | Industry Oil and gas industry Website www.jacos.com Founded 1978 | |
 | ||
Key people Toshiyuki (Toshi) Hirata, President Products Heavy crude oil
bitumen Parent organizations JAPEX, Canada Oil Sands Co.,Ltd. | ||
Jacos brand anthem
Japan Canada Oil Sands Limited (JACOS) is an oil sands extraction company. It is the operator of the Hangingstone oil sands project. JACOS is a subsidiary of JAPEX (Japan Petroleum Exploration Company Limited).
Contents
History
JACOS started oil sands activities in the Athabasca area in 1978 on leases held by Petro-Canada, Canadian Occidental (Nexen) and Imperial Oil to form the PCEJ group. It was the first Asian-owned oil company to exploit the Athabasca oil sands. JACOS and its partners experimented with a cyclic steam stimulation (CSS) pilot project on the Hangingstone Lease from 1984 to 1994.
In 1992, JACOS parent company JAPEX participated in the Alberta Oil Sands Technology and Research Authority (AOSTRA) steam-assisted gravity drainage (SAGD) pilot experiments at the underground test facility (UTF) site. With the positive results from the UTF project, JACOS decided to further pursue SAGD technology at the Hangingstone site. A 3-phase demonstration project was designed and constructed with the first phase becoming operational in 1999.
Operations
The JACOS Hangingstone SAGD facilities are located on Lease OSL70, approximately 50 kilometres (31 mi) southwest of Fort McMurray and 25 kilometres (16 mi) west of the community of Anzac.