BNET Industries

OPTI Canada Inc.

OPC is in the Energy Industry

Last Fiscal Year Sales:$4.7M
  • Public
  • CA
Dow Jones Description

OPTI Canada Inc. is a Calgary, Alberta-based company, established in 1999 to develop major integrated bitumen and heavy oil projects in Canada using its proprietary, next-generation OrCrude process. OPTI is focused on developing the fourth and next major integrated oil sands project in Canada, Phase 1 of the Long Lake Project (the Project), in a 50/50 joint venture with Nexen Inc. It is anticipated that the Project will deliver one of the highest quality synthetic crude oils ever produced from the Canadian oil sands with very low operating costs. The Project will be the first to utilize OPTI's OrCrude process, integrated with proven gasification and hydrocracking processes. Through gasification, this configuration substantially reduces the exposure to and the need to purchase natural gas. Through these processes, it is anticipated that the Project will deliver one of the highest quality synthetic crude oils ever produced from the Canadian oil sands with very low operating costs. The first phase of the Project consists of 72,000 barrels per day of SAGD (steam assisted gravity drainage) oil production. The Project is expected to produce 58,500 barrels per day (bbl/d) of products, primarily 39 API Premium Sweet Crude (PSCTM) with low sulphur content, which makes it a highly desirable refinery feedstock. First synthetic volumes of PSCTM are expected shortly, once the hydrocracker and sulphur units have started. ...

President & CEO
Christopher Slubicki
Number of Employees 385
Contact Information

Suite 2100 555 4th Avenue South West

Calgary, Alberta T2P 3E7

www.opticanada....

(403) 249-9425

NAICS Code Crude Petroleum and Natural Gas Extraction: 211111

Recent Events

  • BRIEF-Moody's cuts OPTI Canada corporate family rating to Caa2

    11/16/09 - Bond / Stock Rating - View Story

  • OPTI Canada Announces Closing of Previously Announced Financing, Foreign Exchange Hedge Update and New Corporate...

    11/20/09 - New Investment - View Story

  • Plenty of moves in the oil patch

    11/05/09 - Joint Venture / Alliance - View Story

  • Nexen says happy with current oil sands stake

    11/03/09 - Merger / Acquisition - View Story

  • TSX Drops Nearly 250 Points As Miners, Energy Stocks Tumble

    10/28/09 - Financial Announcement - View Story

  • BRIEF-Moody's confirms OPTI Canada's ratings

    9/28/09 - Bond / Stock Rating - View Story

  • BRIEF-RESEARCH ALERT-Raymond James raises ratings, targets on Canadian energy cos

    6/22/09 - Bond / Stock Rating - View Story

News & Analysis

opti canada inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Christopher Slubicki President & CEO
James Arnold Chief Operating Officer
Bill King Vice President, Major Projects
Phil Rettger Co-Founder
Randy Goldstein Founder
Alison Trollope Manager
Joe Bradford General Counsel & Secretary
Geoff Cumming Director

Board of Directors

Name (plus bio) Position
James M. Stanford Chair of Board
Bruce G. Waterman Board of Directors
Charles Dunlap Board of Directors
Edythe Marcoux Board of Directors
Ian W. Delaney Board of Directors
James van Hoften Board of Directors
Randall Goldstein Board of Directors
Robert G Puchniak Board of Directors
Samuel Spanglet Board of Directors
Yoram Bronicki Board of Directors

Organization Position Status
OPTI Canada Inc. President & CEO Current
OPTI Canada Inc. Board of Directors Current
University of Calgary Masters of Business Administration Former
Queen's University B.Sc. In Mechanical Engineering Former

Mr. Arnold is presently the Chief Operating Officer of OPTI. Prior to his appointment to this position in October 2005, he was the Vice President, Development of OPTI since January 2000. During 1999, Mr. Arnold was the General Manager and Reservoir Engineering Manager of Canadian Occidental Petroleum's Heavy Oil Business Unit and during 1998 was the General Manager Facilities (Domestic) of Canadian Occidental Petroleum. Mr. Arnold held various positions with Wascana Energy Inc. (formerly Saskoil) from 1982 to 1997, ranging from Development Engineer to General Manager, Deep/Medium Gas Business Unit. Mr. Arnold is a professional engineer in Alberta. He holds a B.Sc. in mechanical engineering from the University of Manitoba.

Organization Position Status
OPTI Canada Inc. Chief Operating Officer Current
OPTI Canada Inc. Vice President, Development Former
University of Manitoba Bachelor of Science, Mechanical Engineering Former

Organization Position Status
OPTI Canada Inc. Vice President, Major Projects Current
Apegga Board of Directors Current
Gulf Canada Former

Organization Position Status
Optisolar Inc. Executive Vice President Current
Gen 3 Solar, Inc. Executive Vice President Current
OPTI Canada Inc. Co-Founder Current
Oxford Energy Co-Founder Current
Gen 3 Solar, Inc. Board of Directors Current
Optisolar Inc. Board of Directors Current
Harvard University MBA Former

Organization Position Status
Gen 3 Solar, Inc. Co-CEO Current
Optisolar Inc. CEO Current
OPTI Canada Inc. Founder Current
Optisolar Inc. Board of Directors Current
Gen 3 Solar, Inc. Board of Directors Current
OPTI Canada Inc. Director Current
University of California, Berkeley BA In Economics Former

Organization Position Status
OPTI Canada Inc. Manager Current
Cook Inlet Region, Inc. Board of Directors Current
Isis Pharmaceuticals, Inc. Executive Director of Investor Relations Former
The New House Company Master of Science In Public Relations Former
University of Calgary Bachelor of Arts Degree In Economics Former

Organization Position Status
OPTI Canada Inc. General Counsel & Secretary Current
OPTI Canada Inc. Board of Directors Current
The Law Society of Alberta Board of Directors Current
Veridian Limited Board Member Former
Queen's University L.L.B. Former

Organization Position Status
C-Free Power Corp. Chairman of the Board of Directors Current
NOVA Chemicals Corporation Chairman of the Board of Directors Current
OPTI Canada Inc. Chair of Board Current
Terasen Inc. Board of Directors Current
Kinder Morgan, Inc. Director Current
Inco Limited Director Current
EnCana Corporation Board of Directors Current
Petro-Canada Chief Executive Officer Former
Petro-Canada President Former
Petro-Canada Chief Operating Officer Former
Petro-Canada Non-Executive Chairman Former
NOVA Chemicals Corporation Director Former
OPTI Canada Inc. Director Former
Concordia University B.Sc. In Mining Former
University of Alberta Bachelor of Science, Petroleum Engineering Former

Mr. Waterman joined Agrium in 2000, bringing more than 25 years' experience as a financial executive. Prior to joining Agrium, Mr. Waterman was the Vice President and Chief Financial Officer at Talisman Energy Inc.

Organization Position Status
Agrium Inc. Chief Financial Officer Current
OPTI Canada Inc. Board of Directors Current
Talisman Energy Inc. Chief Financial Officer Former
Talisman Energy Inc. Vice President Former
Queen's University Bachelor of Commerce Former

Organization Position Status
Pasadena Refining System, Inc Chief Executive Officer Current
Pasadena Refining System, Inc President Current
OPTI Canada Inc. Board of Directors Current
TransMontaigne Product Services Inc Board of Directors Current
Saint Louis University Juris Doctor Degree Former
Rockhurst University Undergraduate Degree Former

Organization Position Status
SNC-Lavalin Director Current
OPTI Canada Inc. Board of Directors Current
Queen's University Ph.D. Former
Queen's University Masters of Business Administration Former
Queen's University Degree Former

Organization Position Status
Zeus Capital Managing Director Current
Gen 3 Solar, Inc. Chairman of the Board Current
Emerald Capital Corporation, Inc Chairman Current
OPTI Canada Inc. Director Current
University of Calgary BA In Economics Former

Organization Position Status
Sherritt International Corporation Chairman Current
Dynatec Corporation Chairman Current
Royal Utilities Income Fund Chairman Current
OPTI Canada Inc. Board of Directors Current
Dynatec Corporation Director Current
Sherritt International Corporation Board of Directors Current
Horsham CEO Former
Viridian Limited Chief Executive Officer Former
Horsham President Former
Viridian Limited Chairman Former

Organization Position Status
Flex Lng Ltd Director Current
OPTI Canada Inc. Board of Directors Current
The University of Houston Assistant Professor of Civil Engineering Former
Colorado State University Ph.D. In Hydraulic Engineering Former
University of California, Berkeley B.Sc. In Civil Engineering Former

Organization Position Status
Optisolar Inc. Co-Chief Executive Officer Current
OPTI Canada Inc. Board of Directors Current
National Power Corporation Co-Founder Former
Project Finance Manager Former
University of California, Berkeley B.A. In Economics Former

Organization Position Status
James Richardson & Sons Limited Chief Financial Officer Current
James Richardson & Sons Limited Executive Vice President Current
Tundra Oil & Gas Limited Director, (Chairman) Current
Petrobank Energy & Resources Ltd Current
Strad Energy Services Ltd. Director Current
Optisolar Inc. Board of Directors Current
Heartland Upgrader Project Board of Directors Current
OPTI Canada Inc. Board of Directors Current
Tundra Oil & Gas Limited Chief Executive Officer Former
Tundra Oil & Gas Limited President Former
James Richardson & Sons Limited Vice President, Finance and Investment Former

Organization Position Status
OPTI Canada Inc. Board of Directors Current
ATCO Power Ltd. Board of Directors Current
Shell Canada Limited President Former

Yoram Bronicki was appointed Chief Operating Officer, North America, for Ormat Technologies, Inc. on July 1, 2004. Yoram serves as a member of the Board of Directors of Ormat Industries Ltd., a position he has held since 2001, and as a member of the Board of Directors of OPTI Canada Inc. Mr. Bronicki has held a number of senior management and engineering roles with OPTI Canada, and Ormat Industries Ltd., including Vice-President, OPTI Canada, Project Manager of Ormat Industries Ltd. and Project Engineer of Ormat Industries Ltd. Mr. Bronicki is the son of Lucien and Dita Bronicki. Mr. Bronicki earned a Bachelor of Science in Mechanical Engineering from Tel Aviv University in 1989 and a Certificate from the Technion Institute of Management Senior Executives Program.

Organization Position Status
Ormat Technologies, Inc. President Current
Ormat President and Chief Operating Officer Current
Ormat Industries Ltd. Board of Directors Current
Ormat Board of Directors Current
OPTI Canada Inc. Board of Directors Current
Ormat Industries Ltd. President & COO Former
Ormat Chief Operating Officer Former
OPTI Canada Inc. Vice President, Orcrude Upgrading Former
Ormat Project Manager Former
Tel Aviv University B.Sc. In Mechanical Engineering Former

Executive News

  • ANALYSIS-Opti's future hinges on oil sands performance

    Forbes.com - 7/13/09 - View Story

  • Downturn in oil price has its blessings

    Financial Post - 7/08/09 - View Story

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