April 14, 2008 / 5:12 PM / in 11 years

ARC Energy Trust to study oil sands CO2 burial

CALGARY, Alberta, April 14 (Reuters) - ARC Energy Trust AET_u.TO said on Monday it’s backing a plan to capture and store carbon-dioxide emissions from the burgeoning oil sands upgrading hub near Edmonton, Alberta, that could boost output at its nearby oil field.

ARC, Canada’s fourth-biggest energy trust, will study injecting carbon dioxide from upgraders, facilities that convert tar-like bitumen from the oil sands into refinery-ready crude, into its Redwater oil field.

ARC, which has partnered with the Alberta Research Council, said the Redwater area could store one billion tonnes of carbon dioxide, or 20 years of output of gas from the Heartland upgrading hub, and boost production from the field.

“We think the potential for enhanced oil recovery (from the field) is upwards of 15,000 barrels per day,” John Dielwart, ARC’s chief executive, told reporters. (Reporting by Scott Haggett; Editing by Peter Galloway)

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