Quote:
Originally Posted by CaptainCrunch
One of the things that I heard over the dinner table from a family member is that the company she works for which is a "Major" has stated no capital investments outside of stuff in China and I didn't ask what this meant "Steam"
So basically they've turned off the capital taps in Alberta.
If someone can tell me what Steam is, I'm assuming it has to do with extraction, but I was too drunk to ask and understand.
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The "Steam" referred to is that of either steam injection for Steam Assisted Gravity Drainage (SAGD) in a well or SAGD in a bitumen processing facility. The steam heats the oil sand and the oil runs off where it is collected and further processed.