Surmont Energy selects engineering firm for oilsands project

Source: Surmont Energy

Calgary-based private company Surmont Energy Ltd. ("Surmont") announces that it has engaged SCOVAN Engineering Inc., a Calgary based engineering, procurement, and construction management company, to provide the engineering design that is intended to lead to submission later this year of regulatory applications for its 10,000 to 12,000 bopd Phase 1 SAGD oilsands project. This project is the first of a multi-phased program planned by Surmont.

Surmont and Bounty Developments Ltd. are working together to develop an exploration plan for the rest of the lands in upcoming seasons, with the objective of developing additional project phases to increase overall reserves and peak production rates to a multiple of Phase 1 values.

About Surmont Energy Ltd.

Surmont Energy Ltd. is a privately held oilsands company founded in October 2011 and headquartered in Calgary, Alberta. The company focuses on utilizing environmentally responsible technologies to carry out profitable development of oilsands and heavy oil projects in western Canada. Surmont's initial project is located on a 12,000 acre block of oilsands leases in the heart of Alberta's steam-assisted- gravity drainage (SAGD) project region, where the company has been conducting an accelerated exploration program intended to lead to a project application during the latter part of 2012 and first production in 2015.

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