Facts and Figures

MEG Energy Corp.

MEG was founded in Calgary in 1999 and became publicly traded in 2010. Our production assets are located entirely in Alberta, although our products provide energy to markets across much of North America.

Head office: Calgary, Alberta, Canada
Number of employees and full time contractors: approximately 500


Existing and Planned Producing Assets
 

Christina Lake Regional Project

The Christina Lake Regional Project is a multi-phase SAGD oil sands development with associated steam cogeneration, well pads, water treatment and other facilities.

Lease holdings: Approximately 200 square kilometres
Proved plus probable reserves: 2.1 billion barrels
Contingent resources (best-estimate): 979 million barrels
Location: Approximately 100 kilometres south of Fort McMurray, Alberta

Phases 1 and 2

Status: Producing since 2008 (Phase 1) and 2010 (Phase 2). Phases 1 and 2 are now largely integrated.
Design capacity: 25,000 barrels per day combined
Steam-to-oil design capacity: 2.8
Steam-to-oil actual: 2.5 (for the three months ended September 30, 2013)

Phase 2B

Status: Completed with operations commencing in late 2013
Design capacity: 35,000 barrels per day initial production capacity
Steam-to-oil design capacity: 2.8
Cost: approximately $1.4 billion

Phase 3

Status: Regulatory approval received in 2012
Design capacity: 150,000 barrels per day over multiple phases 
Cost: To be determined as the project advances through detailed engineering


Surmont Project

The Surmont Project is a proposed multi-phase SAGD oil sands development with associated steam cogeneration, well pads, water treatment and other facilities.

Status: Subsurface exploration program commenced. Regulatory application submitted in 2012.
Lease holdings: Approximately 80 square kilometres
Proved plus probable reserves: 511 million barrels
Contingent resources (best-estimate): 327 million barrels
Design capacity: 120,000 barrels per day over multiple phases
Cost: To be determined as project advances through regulatory approval process and engineering
Location: North of the Christina Lake project, approximately 80 kilometres south of Fort McMurray, Alberta


Growth Properties

The Growth Properties comprise leases to the south and west of current operations and offer significant additional in situ development opportunities beyond 2020.

Status: Subsurface exploration program commenced.
Lease holdings: Approximately 2,000 square kilometres in all areas
Contingent resources (best-estimate): 2.1 billion barrels
Location: West of the Christina Lake project, in various land parcels between approximately 60 kilometres and 130 kilometres north of Lac La Biche, Alberta


Infrastructure

 

Access Pipeline

Access Pipeline is a 345-kilometre dual line running between MEG’s Christina Lake project and the Edmonton-area upgrading, refining and transportation hub, where the Access Sturgeon terminal is located. MEG and Devon ARL Corporation each hold a 50% interest in Access.

Capacity of blended product pipeline from Christina Lake to Edmonton-area: 200,000 barrels per day (100,000 net to MEG).
Capacity of diluent pipeline from Edmonton-area to Christina Lake: 90,000 barrels per day (45,000 net to MEG).
Status: In operation – expansion opportunities are available to meet growing needs at MEG’s existing and proposed oil sands developments.


Stonefell Terminal

Stonefell is a terminal and tank facility located southeast of the Access Sturgeon terminal.

Storage capacity: 900,000 barrels (six 150,000 barrel tanks)
Accessible transportation infrastructure (on completion): Access Pipeline, Enbridge system, TransCanada Keystone, Kinder Morgan Trans Mountain, as well as rail facilities
Status: Completed in 2013
Cost: Approximately $200 million.
Location: Alberta Industrial Heartland (northeast of Edmonton, Alberta)