ConocoPhillips Canada Resources Corp.
No modeled maintenance in the forward windowSAGDCOP
| Operator | ConocoPhillips Canada Resources Corp. |
| Type | SAGD |
| Ticker | COP |
| ST53 scheme | Surmont |
| Description | Surmont is a steam-assisted gravity drainage (SAGD) oil sands project in the Athabasca region. ConocoPhillips acquired TotalEnergies' remaining 50% interest and became the 100% owner and operator effective April 1, 2023. Source: Suncor Energy, Suncor completes acquisition of TotalEnergies EP Canada Ltd., 2023-10-04 Source: ConocoPhillips, Canada fact sheet, 2023 |
| Status | Operating. |
| Nameplate capacity | Announced nameplate of 136,000 bbl/d of bitumen (ConocoPhillips, Q3 2014). Demonstrated output runs above it: AER ST53 peak of 157,400 bbl/d in March 2026, with recent months running 132,000 to 141,000 bbl/d. Per the standing nameplate rule the modeled nameplate is 157,000 bbl/d; Surmont runs above its announced nameplate. Source: ConocoPhillips, Q3 2014 announcement Source: AER ST53, verified 2026-09-23 |
| Start-up / phases | not tracked in the public data used here |
| Ownership / JV split | ConocoPhillips Canada Resources Corp. owns 100% and operates Surmont, effective April 1, 2023, when it acquired TotalEnergies' remaining 50% interest (TotalEnergies' Canadian exit split its Surmont 50% to ConocoPhillips and its Fort Hills 31.23% to Suncor). Source: Suncor Energy, Suncor completes acquisition of TotalEnergies EP Canada Ltd., 2023-10-04 |
| Product and disposition | Bitumen: flexible disposition, dilbit to market or upgrader feed (economically optimized) Source: Dashboard grade-layer panel (leaf mapping lineage); disposition defaults from annotations/maintenance_disposition_history.md |
| Process / technology | SAGD. Source: ConocoPhillips, Canada fact sheet, 2023 |
| Froth treatment | not applicable (in-situ / upgrading) |
| Interconnects | not tracked in the public data used here |
| Growth / expansions | No company debottleneck program was found in primary sources; the above-nameplate output is demonstrated history, not a disclosed expansion. |
| Company-disclosed maintenance | not disclosed in reviewed sources |
| Operating costs | not disclosed in reviewed sources |
Blank "not tracked" cells are facts not present in the public data used here. They are labeled, never estimated. Filing-sourced facts carry their document name and date; where sources disclose multiple bases for one figure, all are shown.
| Series | Feb 2026 | Mar 2026 | Apr 2026 | May 2026 | Jun 2026 | Jul 2026 |
|---|---|---|---|---|---|---|
| Surmont (ConocoPhillips) | 197.0 | 199.3 | 191.6 | 178.2 | 172.2 | 167.8 |
| Series | Oct 2026 | Nov 2026 | Dec 2026 | Jan 2027 | Feb 2027 | Mar 2027 |
|---|---|---|---|---|---|---|
| Surmont (ConocoPhillips) | 192.5 | 192.5 | 196.8 | 189.4 | 191.9 | 192.7 |
Full 26-month table with drill-down lives in the trading dashboard. Blank cells are months AER has not published yet, not zeros.
How to read Surmont (ConocoPhillips): Aug 2027 dip to 122.3 is a seasonal factor. No 2027 turnaround statements from ConocoPhillips.
No maintenance events in the current model math for this project.
No forward-calendar entries for this project in annotations/maintenance_forward.yaml.
Named assumptions: Aug 2027 dip to 122.3 is a seasonal factor. No 2027 turnaround statements from ConocoPhillips.
Confirmation status: model forecast; maintenance impacts enter the math only from public-confirmed guidance.
In-situ bitumen has flexible disposition (dilbit to market or upgrader feed). In the model, Surmont output is unchanged by upgrader outages and any upgrader-bound share is assumed diverted to dilbit, so its 185.7 kb/d 12-month forecast average is a steady contributor to marketable dilbit across the tradable window.
Basis: model-derived from the dashboard series above; no external view is added.
No weekly edition to date mentions this asset by name.
Surmont (ConocoPhillips)
Source: AER ST53, commercial scheme mapping (repo annotations/projects.yaml)
Vintage: AER ST53 actuals through 2026-07, pulled 2026-09-22; model nowcast (_seasonal_baseline + confirmed maintenance), built 2026-09-23
Method: actuals: ST53 scheme observed, grossed up by 1.27 to ST3 in-situ level (mapped projects cover 79.0%). forecast: _seasonal_baseline (trailing-12m mean x seasonal factor from last 3 complete years).
| Publisher | Dataset | URL | Published | Vintage / coverage | Retrieved |
|---|---|---|---|---|---|
| Alberta Energy Regulator | ST3: Alberta Energy Resource Industries Monthly Statistics | https://www.aer.ca/data-and-performance/data-and-publications/statistical-reports/st3 | Monthly | Actuals through 2026-07 (latest file vintage 2026-08-27) | 2026-09-22 |
| Alberta Energy Regulator | ST53: In-situ project data (BITUMEN sheet) | https://www.aer.ca/data-and-performance/data-and-publications/statistical-reports/st53 | Monthly | Actuals through 2026-07 | 2026-09-22 |
| Alberta Energy Regulator | ST39: Mine and upgrader facility data | URL not recorded in repo | Monthly | Actuals through 2026-05 | 2026-09-22 |
| Canada Energy Regulator | Pipeline throughput, capacity and apportionment (open data) | https://www.cer-rec.gc.ca/open/energy/throughput-capacity/ | Monthly, ~3-month lag | Jan 2018 to Jun 2026 | 2026-09-22 |
| Company disclosures | Quarterlies, budget releases, investor presentations, earnings calls | URLs per record in annotations/maintenance_forward.yaml | As published | Forward maintenance calendar window 2026-10-01 to 2027-09-30, compiled 2026-09-22 | 2026-09-22 |
| Heavy Reading model | WCSB S&D dashboard build (21 granular leaves, grade layer, maintenance math) | No public URL (repo build) | Per build | Forecast built 2026-09-22; Aug-Sep 2026 nowcast built 2026-09-23 | 2026-09-23 |
Every number on this page traces to a row above. Anything missing its own source line is flagged in place; nothing ships with an unsourced number.
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