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The successful projects were submitted by Cenovus Energy, EnCana Corporation, Laracina Energy, Pengrowth Corporation and PennWest Petroleum. The projects address a variety of research interests such as advancing production technologies to produce bitumen in reservoirs that are not yet commercial, better understanding of coalbed methane production and expansion of new enhanced oil and gas recovery technologies into previously inaccessible oil and gas deposits.
Announced in 2004, the Innovative Energy Technologies Program supports innovative technology development in the production of Alberta’s oil, oil sands and gas resources and finding commercial technical solutions to the gas over bitumen issue to allow efficient and orderly production of both resources. Over time, program costs will be recovered through additional recoverable reserves and increased royalties.
See project descriptions and additional information on the program.
With the successful completion of rounds four and five, the IETP is now open for another round of applications (round six). Applications will be accepted until September 30 with the expectation that successful applicants will be notified by the end of the year.
