Our operations are concentrated in three core heavy oil areas in western Canada. These properties are currently producing about 10,500 barrels per day. When fully developed, they have the potential to produce in excess of 80,000 barrels per day.
Onion Lake is a heavy oil property located in the Lloydminster area in Saskatchewan. In 2016, over three quarters of our oil production came from the Onion Lake area, with over 70% of that production coming from our Onion Lake thermal project. During 2016, production from the first phase of the Onion Lake thermal project reached its design capacity of 6,000 barrels per day and during the fourth quarter of 2016, production from the project averaged 6,119 barrels per day. The Company has commenced construction on the second phase of the Onion Lake thermal project which is also designed for production of 6,000 barrels per day with construction scheduled to be completed in mid-2018. A potential third phase is expected to add an additional 3,000 barrels per day.
Blackrod is a planned SAGD development located in the Athabasca oil sands region in northern Alberta. Blackrod is the largest of our three core properties and will require several years to fully develop. In 2016, the Company received regulatory and environmental approval from the Alberta Energy Regulator and Alberta government for our 80,000 barrels per day Blackrod SAGD commercial development application.
Mooney is a heavy oil property located in northern Alberta. The field was initially developed using primary production techniques. In 2011, we initiated an alkali surfactant polymer flood (ASP flood) to enhance production and significantly increase overall oil recovery. When future ASP Flood phases are developed, the property has the potential to produce 3,000 to 4,500 barrels of oil equivalent per day.
* Best estimate risk adjusted recoverable resource as per contingent resources study prepared by Sproule Unconventional Limited dated December 31, 2016.
For additional reserve and contingent resources information see the Company's Annual Information Form on our website.
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