Tourmaline continues Conroy North Montney development

MONTNEY, B.C. – Tourmaline is continuing the Conroy North Montney development, a project expected to produce 100,000 boe/d of combined gas and liquids.

The completion of the Conroy development is expected to coincide with the startup of LNG Canada, in 2025-2026.

Tourmaline expects this to be positive for western Canada’s supply and demand dynamics and natural gas pricing.

It is expected to represent one of the largest upcoming single conventional developments in the Western Canadian Sedimentary Basin.

However, the entire development of this project is not yet included in Tourmaline’s five-year capital plan.

The company is also working on a liquids processing and transportation strategy as part of the North Montney project development.

Tourmaline will provide updates on this aspect of the project over the next several months.

In April, Tourmaline acquired the remaining stakes in two Aitken area gas plants from AltaGas Ltd for $224 million, while the first of the stakes were acquired from Black Swan Energy.

Both of the acquired plants are operating at a full capacity of 290 mmcfpd.

Over the past nine months, Tourmaline has drilled several delineation pads in the Laprise-Conroy-Aitken areas to define liquid content, well performance profiles and capital costs before full development.

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