PathwaysSequestered Oil
Sequestered Oil Pathway provided by

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
50%+to stewardship & transition
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

Indigenous Nations stewarding the land, in alliance with the NorthernNations Cooperative.

NorthernNations Cooperative

Strategic Alliance

Participating Nations

Engaged, supportive and stewards of the 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 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 the Participating Nations under the WSCIO Indigenous Stewardship Framework.

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

Video: Theaus Carbon Trailer (1:34)

Energy accounts for nearly 80% of global emissions, and while carbon capture helps, reaching net zero requires a more scalable solution: sequestering the oil that powers our world. Alberta-based Theaus Carbon is transforming the carbon-intensive oil sands into a carbon asset by transitioning every two barrels of planned production into a verified 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, and through the multi-party Non-Extraction Commitment under the Indigenous Stewardship Framework, enforceable by the Participating Nations, with these protections actively reinforced toward permanent sequestration.

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 Participating Nations as ongoing stewards under the WSCIO Indigenous Stewardship Framework, with 100-year+ stewardship and protections actively reinforced toward permanence.

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

The forward-looking Blockchain Framework describes potential overlay architecture for future digital issuance, tracking, and lifecycle management.

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 transitioning 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
The forward-looking Blockchain Framework describes potential overlay architecture for future digital distribution and lifecycle tracking.

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.

The Indigenous Stewardship Framework anchors ongoing stewardship, governance, and engagement that reinforce permanence and advance the project toward permanent sequestration. Permanence and reversal-risk management are supported by the multi-party Non-Extraction Commitment under the ISF, enforceable by the Participating Nations as third-party beneficiaries. Theaus Global and the Participating Nations pursue every available legal mechanism, on an ongoing basis and subject to applicable law, to maintain and reinforce the protection of the Program Lands permanently.

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, with permanence structurally protected and continuously reinforced
  • Sequestration maintained through binding covenants and governance commitments
  • Independent assurance alongside or following annual financial audit
  • Reinforced by the 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

CCA2VVR received from Carbon Check per ICR standards

ICR listing targeted Q3 2026

CCA1 was completed first under ISO-aligned verification while ICR registration was pursued for CCA2; public materials now present CCA2, the ICR project, to avoid market confusion.

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 assets 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.

CCA2 Documents

The CCA2 validation and verification report has been received from Carbon Check per ICR standards, the ICR listing is targeted for Q3 2026, and documentation is available on request through info@theauscarbon.com.

Program Documents

Framework

Blockchain Framework →

Forward-looking Theaus and DIGTL overlay architecture for future digital distribution, outside the CCA2 registry submission.

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 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 the Participating Nations; Definitive Agreements targeted by November 30, 2026.
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 permanence structurally protected through the multi-party Non-Extraction Commitment under the ISF, enforceable by the Participating Nations, and continuously reinforced. This is supported by binding covenants and governance commitments, the 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 the ICR non-permanence contribution, currently 2 per cent, per ICR Requirement Document v6.1 s6.8.2, subject to final registry confirmation.
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). The ICR non-permanence contribution is currently 2 per cent, per ICR Requirement Document v6.1 s6.8.2, subject to final registry confirmation. 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.
Where can buyers purchase sequestered oil credits?
CCA2 listing on the International Carbon Registry is targeted for Q3 2026, and carbon assets may also be purchased directly from Theaus Carbon.
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 ICR non-permanence contribution, currently 2 per cent, per ICR Requirement Document v6.1 s6.8.2, subject to final registry confirmation. 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.