International Petroleum begins oil production at Blackrod site

Key facts

• International Petroleum has commenced oil production from the initial phase of its Blackrod site.
• The Blackrod site represents Canada's first new Alberta oil sands project to be approved in over a decade.
• The project received approval in 2023.
• The total investment for the Blackrod site is $855 million.

International Petroleum has begun producing oil from the initial phase of its $855 million Blackrod site. This development signifies a milestone as the Blackrod site is the first new Alberta oil sands project to receive approval in Canada in over a decade, having been greenlit in 2023.