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Clearwater Project

Clearwater is an innovative, two-phase SAGD bitumen project. The first phase is situated adjoining the Fort McMurray Regional Airport in the Athabasca oil sands region of northeast Alberta. The Clearwater property covers 32 sections (20,480 hectares) and comprises the McMurray Formation. AOS holds 100 percent working interest and is the operator.

Clearwater lies close to existing road infrastructure and provides mostly year-round access. The resource base has been extensively delineated. AOS filed the formal regulatory application for its Phase I project in January 2010 followed by an application update in December 2010.