OPTI Canada Inc.

Description

Profile OPTI Canada Inc. is a Calgary, Alberta-based company, which was established in 1999 to develop major integrated bitumen and heavy oil projects in Canada using its proprietary, next-generation OrCrude™ process. OPTI is focused on developing the fourth and next major integrated oil sands project in Canada, Phase 1 of the Long Lake Project (the Project), in a 50/50 joint venture with Nexen Inc.It is anticipated that the Project will deliver one of the highest quality synthetic crude oils ever produced from the Canadian oil sands with very low operating costs.The Project will be the first to utilize OPTI’s OrCrude™ process, integrated with proven gasification and hydrocracking processes. Through gasification, this configuration substantially reduces the exposure to and the need to purchase natural gas. Through these processes, it is anticipated that the Project will deliver one of the highest quality synthetic crude oils ever produced from the Canadian oil sands with very low operating costs.

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