Canada's largest oil and gas producer, Suncor Energy, said on Monday it plans to submit an application to regulators for a new thermal oilsands project later this year, which could eventually produce up 160,000 barrels per day.

If it goes ahead, the Lewis project, 15.5 miles northeast of Fort McMurray in northern Alberta, will be developed in stages and produce for an estimated 25-40 years.

Suncor said construction could begin in 2024, with first steam being pumped into the reservoir in 2027.

The Calgary-based company also said it is exploring new technologies to develop the Lewis resource, such as using solvents or electromagnetic heating instead of steam for bitumen extraction.

Canada's oil sands are home to the world's third-largest crude reserves but carry massive operating costs due to their remote location and energy-intensive production methods. Around 20 major oilsands projects have been cancelled or deferred since the global oil price crash began in mid-2014.

New Suncor Jobs:

Welder, Shop Fort Hills, Wood Buffalo, Alberta, Canada May 10, 2017
Engineer in Training, Mechanical Fort McMurray, Alberta, Canada May 10, 2017
Occupational Health Nurse Fort McMurray, Alberta, Canada May 9, 2017
Advisor, Freight Fort Hills, Wood Buffalo, Alberta, Canada May 9, 2017
Control Room Specialist, Primary Extraction Fort Hills, Wood Buffalo, Alberta, Canada May 8, 2017
Quality Assurance Inspector, Piping Fort McMurray, Alberta, Canada May 8, 2017
Plant Operator, Secondary Extraction Fort Hills, Wood Buffalo, Alberta, Canada May 5, 2017
Area Manager, Mine Equipment Maintenance, Electrical Fort Hills, Wood Buffalo, Alberta, Canada May 5, 2017
Electrician, Maintenance Mobile Equipment Fort Hills, Wood Buffalo, Alberta, Canada May 5, 2017
Administrative Assistant Fort Hills, Wood Buffalo, Alberta, Canada May 5, 2017
Engineer, Mining Fort McMurray, Alberta, Canada May 3, 2017
Supervisor, Reclamation and Field Services Fort Hills, Wood Buffalo, Alberta, Canada May 3, 2017
Plant Operator, Utilties Fort Hills, Wood Buffalo, Alberta, Canada May 1, 2017
Heavy Equipment Operator, Mine Fort McMurray, Alberta, Canada Apr 27, 2017
Maintenance Supervisor, Trucks and Auxiliary Equipment Fort McMurray, Alberta, Canada Apr 27, 2017
Student, Learning Administration Fort McMurray, Alberta, Canada Apr 26, 2017
Advisor, Labour and Employee Relations Oil Sands Fort McMurray, Alberta, Canada Apr 26, 2017
Engineer in Training, Mechanical Automotive Fort McMurray, Alberta, Canada Apr 25, 2017
Heavy Equipment Technician, Mobile Equipment Fort Hills, Wood Buffalo, Alberta, Canada Apr 22, 2017
Electrician, Maintenance Primary Extraction Fort Hills, Wood Buffalo, Alberta, Canada Apr 22, 2017
Millwright, Maintenance Primary Extraction Fort Hills, Wood Buffalo, Alberta, Canada Apr 22, 2017
Welder, Maintenance Primary Extraction Fort Hills, Wood Buffalo, Alberta, Canada Apr 22, 2017
Steamfitter Pipefitter, Maintenance Primary Extraction Fort Hills, Wood Buffalo, Alberta, Canada Apr 22, 2017
Instrumentation Technician, Maintenance Secondary Extraction Fort Hills, Wood Buffalo, Alberta, Canada Apr 22, 2017
Steamfitter Pipefitter, Maintenance Secondary Extraction Fort Hills, Wood Buffalo, Alberta, Canada Apr 22, 2017

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