<h1>Blackrod Oil Project,Alberta,Canada</h1><p>Blackrod Oil Project is an in-development onshore oil project in Alberta,Canada. The project is operated by International Petroleum and owned by International Petroleum Corp. It is an unconventional oil sands development using steam-assisted gravity drainage (SAGD). Phase 1 is designed for 30,000 barrels per day,with first oil targeted in late 2026. The central processing facility has a steam production capacity of 90,000 barrels per day and includes a cogeneration plant.</p><h2>Quick Facts</h2><table><colgroup><col/><col/></colgroup><tbody><tr><th>Item</th><th>Details</th></tr><tr><td>Project Name</td><td>Blackrod Oil Project</td></tr><tr><td>Country</td><td>Canada</td></tr><tr><td>Subnational Unit</td><td>Alberta</td></tr><tr><td>Fuel Type</td><td>Oil</td></tr><tr><td>Production Type</td><td>Unconventional</td></tr><tr><td>Status</td><td>In-development</td></tr><tr><td>Status Year</td><td>2024</td></tr><tr><td>Operator</td><td>International Petroleum</td></tr><tr><td>Owner(s)</td><td>International Petroleum Corp [100%]</td></tr><tr><td>Parent Company</td><td>International Petroleum Corp [100.0%]</td></tr><tr><td>Final Investment Decision Year</td><td>2023</td></tr><tr><td>Onshore/Offshore</td><td>Onshore</td></tr></tbody></table><h2>Project Overview</h2><p>Blackrod is an in-situ oil sands development using SAGD rather than open-pit mining. It is located in northern Alberta within the Athabasca oil sands region. The project follows an extended pilot phase; Alberta Energy Regulator documents identify a pilot under Scheme Approval No. 11522H,with initial construction and pilot operations beginning between 2011 and 2013. IPC announced the final investment decision for Phase 1 in February 2023 after the pilot period. Full Phase 1 construction was underway in 2024,with first oil expected in late 2026.</p><h2>Location and Basin</h2><p>Blackrod is an onshore project in northern Alberta,within Alberta’s broader oil sands development region. The target formation for the pilot is the Lower Grand Rapids Unit 1. The basin is not formally specified in project-level sources; it is commonly discussed in the context of the Athabasca oil sands region.</p><h2>Ownership and Operatorship</h2><p>The project is operated by International Petroleum and wholly owned by International Petroleum Corp (IPC). IPC describes Blackrod as one of its principal northern heavy oil assets,alongside Onion Lake. No multi-company joint venture structure has been publicly confirmed.</p><h2>Development History</h2><table><colgroup><col/><col/><col/></colgroup><tbody><tr><th>Milestone</th><th>Year or Date</th><th>Details</th></tr><tr><td>Development Milestone</td><td>2011</td><td>Alberta Energy Regulator materials identify construction and start-up of the Blackrod pilot facility and first SAGD well pair.</td></tr><tr><td>Final Investment Decision Milestone</td><td>2023</td><td>International Petroleum announced approval of Blackrod Phase 1 after an extended pilot period.</td></tr><tr><td>Recent Status Milestone</td><td>2024</td><td>Project classified as in-development,with full Phase 1 construction and capital spending underway.</td></tr></tbody></table><p>The pilot began with one SAGD well pair; a second well-pair facility expansion was commissioned in 2013. In February 2023,IPC announced the decision to advance Phase 1,citing successful pilot production since 2011. In 2024,IPC reported that approximately USD 163 million had been spent in the first half of the year,with total Phase 1 capital guidance to first oil of USD 850 million.</p><h2>Infrastructure and Facilities</h2><p>Phase 1 uses SAGD with paired horizontal wells. The central processing facility is designed for 90,000 barrels per day of steam production capacity and includes a cogeneration plant. The pilot documentation identifies one operating SAGD well pair initially,with expansion to a second pair during the pilot. IPC’s 2024 project update reported that facility modules were being delivered and installed at site,indicating a modular construction approach.</p><h2>Production and Reserves</h2><p>Phase 1 targets 30,000 barrels per day of production capacity,with first oil expected in late 2026. Full commercial production is not yet confirmed at the project level. The pilot production history provided operating data,but pilot output is distinct from Phase 1 commercial output. IPC reported an estimated NPV10 of USD 981 million (as of January 1,2024) and a WTI breakeven price of less than USD 55 per barrel for Phase 1. Reserves,recoverable volumes,plateau duration,and ultimate recovery are not publicly detailed at the project level.</p><h2>Recent Developments</h2><p>The main recent development was the 2023 final investment decision for Phase 1. In 2024,construction progressed,with peak investment of USD 362 million planned for the year. Alberta’s major projects database lists construction start in 2024 and first oil in late 2026. Public reporting in early 2026 indicated that Blackrod had begun steam injection,though that is later than the 2024 project status.</p><h2>Related Topics</h2><ul><li>Blackrod SAGD Oil Sands Project Phase 1</li><li>International Petroleum Corporation</li><li>Alberta oil sands</li><li>Steam-assisted gravity drainage</li><li>Lower Grand Rapids reservoir development</li><li>In-situ bitumen production</li><li>Thermal heavy oil development</li><li>SAGD central processing facilities</li><li>Oil sands water treatment and recycling</li><li>Alberta Energy Regulator oil sands approvals</li></ul><h2>Sources</h2><ul><li><a href="https://www.gem.wiki/Blackrod_Oil_Project_%28Alberta%2C_Canada%29" rel="nofollow noopener" target="_blank">Global Energy Monitor,Blackrod Oil Project (Alberta,Canada)</a></li><li><a href="https://majorprojects.alberta.ca/details/Blackrod-SAGD-Oil-Sands-Project-Phase-1" rel="nofollow noopener" target="_blank">Government of Alberta,Blackrod SAGD Oil Sands Project Phase 1</a></li><li><a href="https://www.international-petroleum.com/operations/canada" rel="nofollow noopener" target="_blank">International Petroleum Corporation,Canada Operations</a></li><li><a href="https://www.international-petroleum.com/post/ipc-announces-2022-year-end-financial-results-sanction-of-blackrod-phase-1-canadian-ma-update-and-2023-sustained-shareholder-return-framework" rel="nofollow noopener" target="_blank">International Petroleum Corporation,2022 Year-End Results and Sanction of Blackrod Phase 1</a></li><li><a href="https://www.international-petroleum.com/post/ipc-announces-second-quarter-2024-financial-and-operational-results-and-releases-sustainability-report" rel="nofollow noopener" target="_blank">International Petroleum Corporation,Second Quarter 2024 Financial and Operational Results</a></li><li><a href="https://www.aer.ca/documents/oilsands/insitu-presentations/2022-athabasca-ipc-blackrod-11522.pdf" rel="nofollow noopener" target="_blank">Alberta Energy Regulator,Blackrod Insitu Oil Sands Pilot Project 2021 Annual Performance Presentation</a></li><li><a href="https://www.aer.ca/documents/oilsands/insitu-presentations/2021-athabasca-ipc-blackrod-11522.pdf" rel="nofollow noopener" target="_blank">Alberta Energy Regulator,Blackrod Insitu Oil Sands Pilot Project 2020 Annual Performance Presentation</a></li><li><a href="https://www.oilsandsmagazine.com/news/2023/2/8/phase-1-blackrod-sanction-ipc-insitu-sagd" rel="nofollow noopener" target="_blank">Oil Sands Magazine,Phase 1 of Blackrod gets the green light</a></li><li><a href="https://www.offshore-technology.com/marketdata/blackrod-international-petroleum-corporation-oil-sands-field-canada/" rel="nofollow noopener" target="_blank">Offshore Technology,Blackrod Oil Sands Field,Canada</a></li><li><a href="https://boereport.com/2026/01/14/rare-brand-new-oil-sands-project-starts-operating-in-alberta/" rel="nofollow noopener" target="_blank">BOE Report,Rare brand-new oil sands project starts operating in Alberta</a></li></ul>

IEPTC reference profile for Blackrod Oil Project,Alberta in Canada,covering asset type,location,development status,and upstream industry context.

Blackrod Oil Project,Alberta,Canada

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Blackrod Oil Project,Alberta,Canada

Blackrod Oil Project,Alberta,Canada

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