Grizzly Oil Sands ULC is a leading developer of in situ oil sands projects, employing innovative facility design and phased development strategies centered around their unique ARMS concept. With a substantial asset base of approximately 3.4 billion barrels of proved and probable reserves and contingent resources, Grizzly has delineated three key properties, including the ramping up production of Phase 1 at the Algar Lake project and the regulatory approval process for the May River and Thickwood projects. Their goal is to achieve a production capacity of up to 150,000 barrels per day within 10 years, with potential for further growth in the future.
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