Athabasca Oil Corporation is a Canada-based energy company focused on the exploration, development and production of bitumen and light crude oil. Headquartered in Calgary, Alberta, the company holds a portfolio of thermal in-situ oil sands assets in the Athabasca region of northeastern Alberta, along with a selection of conventional oil properties in both Alberta and Saskatchewan. Athabasca Oil leverages advanced extraction technologies and operates within the Western Canadian Sedimentary Basin to deliver hydrocarbon production tailored to global energy markets.
The company’s primary operations center on steam-assisted gravity drainage (SAGD) projects, with flagship developments including the Hangingstone and Corner leases. These projects utilize co-generated steam and electricity facilities to support efficient bitumen recovery while aiming to optimize energy use and greenhouse gas emissions. Beyond its thermal in-situ footprint, Athabasca Oil’s conventional portfolio encompasses several light oil fields where established well infrastructure underpins ongoing production and extends operational flexibility.
Since its founding in 2006, Athabasca Oil has grown through disciplined acquisitions and strategic divestitures, refining its asset base to focus on high-value, low-decline projects. Over the years, the company has completed major transactions to enhance its balance sheet and reposition its portfolio, including the sale of non-core upstream interests and the investment in infrastructure upgrades. This evolution reflects Athabasca’s commitment to operational excellence, cost management and the pursuit of long-term sustainable growth in a complex commodity environment.
Leadership at Athabasca Oil is anchored by President and Chief Executive Officer Rob Broen, supported by a senior management team with deep expertise in petroleum engineering, project execution and financial strategy. The board of directors provides oversight with a focus on governance, environmental stewardship and community engagement. With a strategy centered on capital discipline, technological innovation and environmental, social and governance (ESG) performance, Athabasca Oil aims to deliver resilient production, ongoing cost reductions and value creation for stakeholders.
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