Our operations are concentrated in three core heavy oil areas in western Canada. These properties produced 10,600 bbls/d in Q4 2017. When fully developed, they have the potential to produce in excess of 80,000 bbls/d.
Onion Lake is a conventional heavy oil property located in the Lloydminster area in Saskatchewan. In 2017, approximately 76% of our production came from the Onion Lake area. During Q4 2017, production from the first phase of the Onion Lake thermal project averaged 6,204 bbls/d. The Company has recently expanded the Onion Lake thermal project to 12,000 bbls/d with steam injection in the second phase initiated in February 2018. First oil from the second phase is expected before the end of Q2 2018. Peak production from the expanded thermal project is anticipated approximately 12 months after initial steam injection, a similar timeline to that achieved for phase one.
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 development application. The Company has run a successful SAGD pilot program at Blackrod since 2011.
Mooney is a conventional 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 5,000 barrels of oil equivalent per day.
* Best estimate risk adjusted recoverable resource as per contingent resources study prepared by Sproule Associates Limited dated December 31, 2017.
For additional reserve and contingent resources information see the Company's Annual Information Form on our website.
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