Ipc Canada Ltd.
No modeled maintenance in the forward windowSAGDIPCO
| Operator | Ipc Canada Ltd. |
| Type | SAGD |
| Ticker | IPCO |
| ST53 scheme | Blackrod |
| Description | Blackrod is a steam-assisted gravity drainage (SAGD) oil sands project operated by IPC (International Petroleum Corp.) in the Athabasca region. Phase 1 was sanctioned in Q1 2023 for a 30,000 bbl/d plateau; first oil was achieved at the end of May 2026. Source: International Petroleum Corp., IPC announces second quarter 2025 financial and operational results, 2025-08-05 Source: Stockwatch, IPC operational update, 2026-09-23 |
| Status | Approved to 80,000 bbl/d; Phase 1 (30,000 bbl/d plateau) sanctioned Q1 2023 and now in production. Source: International Petroleum Corp., IPC announces second quarter 2025 financial and operational results, 2025-08-05 |
| Nameplate capacity | Regulatory approval covers up to 80,000 bbl/d. Phase 1 was sanctioned in Q1 2023 for a 30,000 bbl/d plateau. Source: International Petroleum Corp., IPC announces second quarter 2025 financial and operational results, 2025-08-05 |
| Start-up / phases | not tracked in the public data used here |
| Ownership / JV split | IPC (International Petroleum Corp.) owns 100% and operates Blackrod. Source: projects.yaml project master, `ipc_blackrod` record Source: operator: Ipc Canada Ltd. |
| 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: projects.yaml project master, `ipc_blackrod` record |
| Froth treatment | not applicable (in-situ / upgrading) |
| Interconnects | not tracked in the public data used here |
| Growth / expansions | First oil was achieved May 31, 2026; the 30,000 bbl/d plateau is targeted by late 2027, a quarter earlier than originally guided. Source: Stockwatch, IPC operational update, 2026-09-23 |
| 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 |
|---|---|---|---|---|---|---|
| Blackrod (IPC) | 0.8 | 0.8 | 0.9 | 1.2 | 3.0 | 5.0 |
| Series | Oct 2026 | Nov 2026 | Dec 2026 | Jan 2027 | Feb 2027 | Mar 2027 |
|---|---|---|---|---|---|---|
| Blackrod (IPC) | 7.0 | 8.8 | 10.3 | 12.2 | 13.9 | 15.6 |
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 Blackrod (IPC): First oil May 2026. The seasonal baseline only sees about 1 kb/d of history, so the guided ramp to a 30 kb/d plateau by end 2027 is NOT in this forecast. Known upside gap. Growth modeled up at this leaf: Blackrod Phase 1 ramp, +5.4 kb/d Oct 2026 rising linearly to +25.0 kb/d Sep 2027, landing on the 30 kb/d plateau by Nov 2027. First oil May 31, 2026; plateau guided a quarter earlier than originally planned. Source: IPC operational update. Approved 2026-09-23.
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: First oil May 2026. The seasonal baseline only sees about 1 kb/d of history, so the guided ramp to a 30 kb/d plateau by end 2027 is NOT in this forecast. Known upside gap. Growth modeled up at this leaf: Blackrod Phase 1 ramp, +5.4 kb/d Oct 2026 rising linearly to +25.0 kb/d Sep 2027, landing on the 30 kb/d plateau by Nov 2027. First oil May 31, 2026; plateau guided a quarter earlier than originally planned. Source: IPC operational update. Approved 2026-09-23.
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, Blackrod output is unchanged by upgrader outages and any upgrader-bound share is assumed diverted to dilbit, so its 16.6 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.
Blackrod (IPC)
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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