PathwaysSequestered Oil
Sequestered Oil Pathway

Decarbonizing Oil.Sequestered Oil. Permanent Impact.

High-integrity, institutional-quality carbon assets backed by petroleum-engineering baselines and independent verification, with oil remaining sequestered in its original deep geologic formation. No physical pipeline needed. No extraction required. Over 2 barrels per carbon credit.

~1.5 billionbarrels of oil in the ground
Seven of sevenParticipating Nations
100-year+stewardship commitment
No pipelineDigital only
Where to BuyExplore the Project
SURFACE: 12,000+ ACRES UNDISTURBEDNo extractionNo SAGD. No disturbance.Digital transferValue without production.Overburden, glacial till & shaleClearwater formationAthabasca oil sands: bitumen in place~1 million centipoise, effectively solid at reservoir temperature (4-10°C)Devonian limestone: impermeable baseDeep geological formation100-year stewardshipBinding non-extraction covenantsGeologically immobilizedCannot migrate without SAGD~1.5 billion barrels

Oil remaining sequestered in its original deep geologic formation

Indigenous and Stewardship

Seven of seven Participating Nations stewarding the land, in alliance with the NorthernNations Cooperative.

NNC strategic alliance

NNC Alliance MOU, February 26, 2026.

Seven of seven Participating Nations

Engaged and supportive.

Structural stewards

The Nations as structural stewards of 12,000+ acres.

Indigenous stewardship is not adjunct to the Program's permanence; it is a structural component of it.
Genuine partnership with the communities on whose traditional territories the Program operates produces stronger carbon assets.

The commitment never to extract the oil is held across multiple independent parties: Theaus Carbon, the oil's developer, and the seven Participating Nations, who are recognized as beneficiaries with enforcement rights under the Indigenous Stewardship Framework. Any reversal would require all of them to act together, not a decision by any single party. This is the Project's primary permanence safeguard: a structure built on genuine, long-term partnership that could not be easily assembled or replicated.

Executed by all seven Participating Nations under the WSCIO Indigenous Stewardship Framework.

In alliance with NorthernNations Cooperative (NNC) and NNC Enterprises Inc. (NNCE).

1Chard Métis Nation
2Chipewyan Prairie Dene First Nation
3Conklin Resource Development Advisory Committee (CRDAC)
4Fort McMurray 468 First Nation
5Heart Lake First Nation
6McMurray Métis Nation
7Willow Lake Métis Nation

Video: Theaus Carbon Trailer (1:44)

Energy accounts for nearly 80% of global emissions, and while carbon capture helps, reaching net zero requires a more scalable solution: decarbonizing the oil that powers our world. Alberta-based Theaus Carbon is transforming the carbon-intensive oil sands into a carbon asset by converting every two barrels of planned production into a verified, blockchain-tracked carbon credit. By directing proceeds to Indigenous participation and stewardship and energy transition, we ensure the resource that powered the last 150 years now finances what comes next. Because a tonne reduced today is worth more than one tomorrow, the time to act is now.

How It Works

Keeping carbon-intensive oil in the ground

Alberta's oil sands are the third-largest oil reserve in the world and contain some of the world's most carbon-intensive crude. When planned production is economically viable but voluntarily foregone, the oil remains sequestered in its original deep geologic formation permanently. Each credit represents over two barrels of oil that will never be extracted, transported, refined, or combusted.

The carbon stays where it has been stored for millions of years, in deep geologic formation, without requiring ongoing containment infrastructure. Sequestration is maintained through binding covenants and governance commitments, with intent to make it permanent.

Establish baselines

Production volumes established by a world-class engineering firm (GLJ) using industry-standard petroleum-engineering and economic evaluation, the same methods used to value producing assets.

Commit to non-extraction

Planned production is permanently foregone. Sequestration is maintained through the Non-Extraction Commitment, given effect through binding covenants and governance commitments, and reinforced by the seven Participating Nations as ongoing stewards under the WSCIO Indigenous Stewardship Framework, with 100-year+ stewardship and intent to make it permanent.

Quantify and verify

ISO 14064-2:2019 aligned methodology developed with EcoEngineers, with conservative leakage accounting and a project-level buffer pool calibrated to the applicable standard. Independent verification by an accredited VVB.

Issue and track

Serialized credits issued through recognized registries with blockchain-enabled lifecycle tracking on the Liquid Network, providing an immutable audit trail from issuance through retirement.

The Wildwood Project

WSCIO: Alberta's first sequestered oil project.

The Wildwood Project is a first-of-its-kind sequestered oil project in Alberta's oil sands, and Alberta's first project of its category. It is an energy transition project: Theaus Carbon accelerates the transition by converting planned carbon-intensive oil production into high-integrity carbon assets, backed by petroleum-engineering baseline volumes and independent assurance, with the oil remaining sequestered in its original deep geologic formation.

~1.5Bbarrels in the ground
376Mproducible barrels
~180Mtonnes GHG reductions
18Carbon Capture Areas
12,000+acres
Since 2022project lands held and evaluated
2+ barrelsper carbon credit
100-year+stewardship commitment
50%+of gross revenue
8 yearsfinancial guarantee

Methodology and Integrity

EcoEngineers Methodology
ISO 14064-2:2019 aligned methodology developed in partnership with EcoEngineers and applied through the Wildwood Program documentation.
Production Baselines
Established by GLJ using industry-standard economic and engineering evaluation.
Verification
Carbon Check: UNFCCC Article 6.4 DOE, NABCB/QCI ISO 14065:2020 accredited VVB.
Conservative Accounting
Three 5-year crediting periods (15 years total), conservative leakage accounting, and a project-level buffer pool calibrated to the applicable standard.
Program Scale
Eighteen Carbon Capture Areas (CCAs) across the Program Lands, each approximately 10 million tCO2e by design.
Digital Transparency
Blockchain-enabled tracking via the Bitcoin-based Liquid Network provides an immutable audit trail for the entire credit lifecycle.

Stewardship and Governance

Our 100-year+ stewardship commitment

Trust is the foundation of transition finance. At Theaus Carbon, our commitments are embedded in legally binding governance, long-term stewardship, and transparent disclosure, so every carbon asset is supported by durable, independently assured climate outcomes.

At least 50% of gross revenue to Indigenous participation and stewardship, energy transition, and financial assurance.

Proceeds Allocation (50% Commitment)

  • At least 50% of gross Program revenue is committed to Indigenous participation and stewardship (30%) and energy transition investment (20%). During provisioning, up to a further 5% funds permanent financial assurance, bringing the combined mission-aligned allocation to approximately 55%; the durable commitment is the 50% floor.
  • Annual reporting on allocations and uses of proceeds is published.

Stewardship and Governance

  • 100-year+ stewardship (intent to make permanent)
  • Sequestration maintained through binding covenants and governance commitments
  • Independent assurance alongside or following annual financial audit
  • Reinforced by the seven Participating Nations as third-party beneficiaries under the WSCIO Indigenous Stewardship Framework.

Financial Assurance

  • Financial guarantee supports Years 1 through 8
  • Financial Assurance Account funded from 5% of gross proceeds
  • A project-level buffer pool calibrated to the applicable standard

Transparency and Tracking

  • Annual reporting through the Transition Finance Statement
  • Public tracking and project-calendar tools listed in Resources

Where to Buy

Multiple channels to access high-integrity carbon assets

CCA1Validated and Verified, Available

VVB: Carbon Check

Standard: ISO 14064-2:2019

Gross credits: 10,248,166 tCO2e

CCA2In process, Q3 2026

VVB: Carbon Check

Standard: International Carbon Registry (ICR)

Gross credits: 10,232,883 tCO2e

CRBNCEx-Post (Verified)
CRBNXEx-Ante (Validated)
CRBNPProjected Ex-Ante
Available

Northern Trust Carbon Ecosystem (NTCE)

Access carbon credits via NTCE for custody, settlement, registry, and intermediary needs. Ex-Post and Ex-Ante available. Typical size: 1,000+ credits.

Ideal for: Institutional buyers seeking custody through Northern Trust, one of the largest and most trusted financial institutions in the United States.

Carbon Book (PDF)  |  NTCE Overview

Planned Q3 2026

International Carbon Registry (ICR)

ICROA-endorsed programme. Traditional carbon registry listing for buyers who intend to retire carbon credits. Varied sizes.

Ideal for: Buyers who prefer a traditional carbon registry and intend to retire credits.

Visit ICR

Available

Direct Purchase

Carbon credits may also be purchased directly. Contact us and we will help align the best approach to your objectives. Custom structures available.

Ideal for: All buyer types.

Reach out to info@theauscarbon.com to discuss availability. Availability, minimums, and channel access may change. Nothing on this page is an offer or solicitation in any jurisdiction.

Resources

Documentation, tracking, and reference materials

Email info@theauscarbon.com to request the appendices for any Project Design Document.

CCA1 Project Documents

CCA2 Documents

Coming soon

Program Documents

Live Tool

Blockchain Tracker →

Real-time visibility into on-chain credit balances, vintages, and distribution channels on the Liquid Network.

Schedule

Project Calendar →

Crediting periods, verification events, monitoring reports, and recurring disclosure schedule through 2037.

Frequently Asked Questions

What is a sequestered oil carbon credit?
A sequestered oil carbon credit represents the climate benefit of keeping carbon-intensive oil permanently sequestered in its original deep geologic formation through long-term non-extraction. Each credit is backed by over two barrels of oil and supported by petroleum-engineering baselines and independent verification.
What is the WSCIO Indigenous Stewardship Framework?
The Framework establishes the Indigenous Participation Pool, wholly owned by the seven Participating Nations with equal participation and no hierarchy, requiring no capital contribution from the Nations and giving them a direct, durable interest in the Project rather than a discretionary benefit. The Nations join as structural participants and ongoing stewards of the Program Lands and as beneficiaries with enforcement rights under the commitment never to extract the oil, so their economic interests are aligned with maintaining that commitment over time. This multi-party structure is a primary permanence safeguard. Executed by all seven; Definitive Agreements targeted by November 30, 2026. Read the WSCIO Indigenous Stewardship Framework.
How is this different from carbon capture?
Carbon capture removes CO2 from industrial processes or the atmosphere and stores it underground. Sequestered oil keeps carbon-intensive oil in the ground where it has been stored for millions of years, in deep geologic formation, without requiring ongoing containment infrastructure. The carbon is never emitted in the first place.
What is the 100-year+ stewardship commitment?
Theaus Carbon has committed to a minimum 100-year stewardship period, with intent to make it permanent. This is supported by binding covenants and governance commitments, the seven Participating Nations as third-party beneficiaries under the WSCIO Indigenous Stewardship Framework, an 8-year financial guarantee, a Financial Assurance Account funded from 5% of gross proceeds, and a two-track buffer approach: CCA1 carries a conservative self-imposed 10%; CCA2 reflects the ICR minimum, currently 2%, subject to final validation by the VVB and ICR.
Where do the proceeds go?
At least 50% of gross Program revenue is committed to Indigenous participation and stewardship (30%), energy transition investment (20%), and up to 5% to permanent financial assurance. Annual reporting on allocations and uses of proceeds is published.
Who verifies the credits?
Carbon Check serves as the independent validation and verification body (VVB). Carbon Check holds UNFCCC Article 6.4 Designated Operational Entity status and NABCB/QCI ISO 14065:2020 accreditation. The methodology is aligned with ISO 14064-2:2019, and the verification process follows institutional-grade assurance standards.
What is the durability of sequestered oil credits?
Sequestered oil credits offer the same or better durability than engineered removals. The bitumen is geologically immobilized in its original deep geologic formation at reservoir temperatures of 4-10 degrees Celsius, with viscosity of approximately 1 million centipoise, effectively solid. It cannot migrate without industrial-scale SAGD (Steam Assisted Gravity Drainage) intervention. The resource has been in place for millions of years and will remain in place under the 100-year+ stewardship commitment.
How does the conservative accounting work?
The methodology applies a 57% market leakage discount to account for potential production displacement elsewhere, far more than required, as a conservatism signal. Credits are issued over three 5-year crediting periods (15 years total). CCA1 carries a conservative self-imposed 10% buffer; CCA2 reflects the ICR minimum, currently 2%, subject to final validation by the VVB and ICR. Of the approximately 1.5 billion barrels in the Wildwood project area, roughly 376 million producible barrels are available for credit generation after these conservative adjustments.
What are the three credit classes?
CRBNC (Ex-Post, Verified): Fully verified credits eligible for retirement, backed by completed verification cycles. CRBNX (Ex-Ante, Validated): Forward-looking credits backed by validated project documentation, subject to verification before conversion to CRBNC. CRBNP (Projected Ex-Ante): Projected credits contingent on crediting period renewal. Credits move between classes through on-chain burn-and-mint transactions on the Liquid Network.
How are credits tracked on the blockchain?
Every credit is tracked on the Liquid Network, a Bitcoin sidechain, from issuance through transfer and retirement. Credits are issued as Transfer Restricted assets through the Blockstream Asset Management Platform (AMP). No transfer occurs without Theaus Carbon's cryptographic authorization. The public Blockchain Tracker provides real-time visibility into token class totals, buffer pool accounting, vintage breakdowns, and distribution channel views.
Where can buyers purchase sequestered oil credits?
Credits are available through three distribution channels: the Northern Trust Carbon Ecosystem (NTCE) for institutional buyers seeking custody through Northern Trust; the International Carbon Registry (ICR), an ICROA-endorsed programme for traditional registry-based retirement; and directly from Theaus Carbon for buyers of all types. Each channel serves different buyer needs and sizes.
What is the Financial Assurance structure?
The financial assurance framework includes an 8-year financial guarantee from Theaus Carbon, a Financial Assurance Account funded from 5% of gross proceeds, and the two-track buffer approach: CCA1 carries a conservative self-imposed 10%; CCA2 reflects the ICR minimum, currently 2%, subject to final validation by the VVB and ICR. These mechanisms are designed to ensure long-term stewardship obligations can be met regardless of changes in corporate ownership or market conditions.

Contact info@theauscarbon.com for access to additional documentation including appendices.

Ready to learn more?

Where to BuyorContact Theaus Carbon

Sequestered oil is delivered by Theaus Carbon via Theaus Global Inc.