Prospera Energy Launches Key Infrastructure Upgrades to Unlock Next Phase of Production Growth

Executive Summary

• Prospera Energy is commencing a $500,000 pipeline replacement and infrastructure upgrade in the Cuthbert area, slated for a ten‑day construction period.
• The project will replace two legacy pipelines with corrosion‑resistant FlexSteel, add a third water‑injection pump, and is expected to increase water‑flood injection capacity by 2,500–3,5 m³/day and incremental oil production by ~150 bbl/d after ramp‑up.
• Upgrades aim to improve reservoir pressure stability (targeting 6,500–8,000 kPa vs current ~5,000 kPa), reduce downtime and maintenance costs, and provide material for future field improvements.

Key Details

• Capital Investment: Approximately $500,000 for pipeline replacement and associated infrastructure.
• Scope of Work:
• Replace two aging composite pipelines with FlexSteel (corrosion‑resistant, spoolable).
• Install a third water‑injection pump at the Cuthbert 2‑2 battery after overhaul/maintenance.
• Expected Capacity Gains:
• Water‑flood injection capacity increase of ~2,500–3,500 m³ per day.
• Total field water‑handling capacity to rise from ~3,200 m³/d to roughly 5,700–6,700 m³/d.
• Production Impact: Projected incremental oil production of approximately 150 barrels per day once the system stabilizes (2‑4 week ramp‑up).
• Reservoir Pressure Goal: Raise operating pressure from current ~5,000 kPa toward optimal 6,500–8,000 kPa range.
• Operational Benefits:
• Enhanced leak detection and long‑term reliability of water‑injection system.
• Reduced downtime and maintenance interventions, yielding material cost savings.
• FlexSteel surplus to be reused for future infrastructure projects across Prospera’s heavy‑oil assets.
• Strategic Context: Part of a broader field redevelopment plan targeting modernized systems, optimized reservoir management, and sustained production growth through 2025 and beyond while improving netbacks.

Notable Quotes

“This initiative enables more efficient redistribution of water… relieving over‑injection in certain zones while restoring pressure support in under‑injected areas… It gives our reservoir engineering team the flexibility to dynamically adjust waterflood patterns, optimize recovery, and bring additional producer wells online.” – Darren Jackson, Chief Operating Officer

All forward‑looking statements are subject to risks and uncertainties as detailed in the release.