Mr. Gordon J. Kerr, President & Chief Executive Officer of Enerplus Resources Fund announces the addition of two key individuals to their oil sands leadership team. The oil sands represents an exciting growth business for Enerplus with the addition of their Kirby operated steam assisted gravity drainage (“SAGD”) project earlier this year in addition to their other non-operated oil sands assets. Together these assets represent significant value within Enerplus and provide line of sight to approximately 60,000 barrels of bitumen production over the next 10 years, 50% of which will be operated by Enerplus.
Mr. Ray Daniels has joined Enerplus as Vice President, Oil Sands. Mr. Daniels started his career in the oil and gas industry in Aberdeen working with Chevron Petroleum in various technical roles. For the past 23 years, he has held various management positions with Conoco UK Limited and most recently with ConocoPhillips Canada as Vice-President Surmont Development. In addition to his significant technical experience in conventional oil and gas production, he brings extensive experience in the development and management of oil sands projects in Canada. The Surmont project is a world-class, multi-phase development SAGD operation with planned production of 100,000 bbls/day of bitumen. Mr. Daniels holds a Masters of Business Administration from Aberdeen University and Robert Gordon University and a Bachelor of Science in Mechanical Engineering from Aberdeen University.
Mr. Dennis Sundgaard has joined Enerplus as Senior Project Manager, Oil Sands and will be responsible for the Engineering, Procurement, Contracting ("EPC") and Construction Management of the Kirby SAGD project. His most recent experience was building an operated 30,000 bbl/day SAGD project similar to Enerplus’ anticipated Kirby facility which was completed at a cost of 3% less than the initial cost estimate. Mr. Sundgaard brings over 40 years experience at progressive levels of responsibility in the oil and gas industry, particularly in the areas of facilities engineering and construction. His experience includes various management positions with Husky Energy within their oil sands and thermal projects as well as extensive experience with Shell Canada on both offshore and conventional oil and gas projects. Mr. Sundgaard holds a Bachelor of Science in Mechanical Engineering from the University of Calgary.
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