A third key business driver for us is the progress we are making towards filling the upgrader at Long Lake. As we disclosed a few weeks ago, we are ahead of schedule on pads 12 and 13, largely due to some technology advances that shorten the steam circulation phase. We are now generating record steam levels and are getting close to the capacity of the existing steam plant. As a result, since we move forward, we will direct our steam to the best available reservoir and start shutting in some of our poorest wells. This may cause a different production in the short term as the new wells ramp up, but it will pay off quickly with steam going into the better part of the reservoir.We're also just about to start drilling on pads 14, 15 and K1A. These pads are on track to be steaming in late 2013 and into '14. This schedule should allow us to fill the upgrader by late 2015 or early part of 2016.
Nexen Management Discusses Q2 2012 Results - Earnings Call Transcript
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