MEG Energy Corp.
MEG was founded in Calgary in 1999 and became publicly traded in 2010. Our production assets are located in Alberta, although our products provide energy to markets across much of North America.
Head office: Calgary, Alberta, Canada
Existing and Planned Producing Assets
Christina Lake Project
Lease holdings: Approximately 210 square kilometres
Proved plus probable reserves: 2.3 billion barrels
Contingent resources (best-estimate): 1.1 billion barrels
Location: Approximately 150 kilometres south of Fort McMurray, Alberta
Design capacity: Initial design capacity was 60,000 barrels per day combined, which subsequently increased to a targeted 78,000 to 82,000 barrels per day in 2015 with plant debottlenecking and the deployment of reservoir technologies.
Status: Producing since 2008 (Phase 1), 2009 (Phase 2) and 2013 (Phase 2B).
In early 2012, regulators approved plans to increase total production from the Christina Lake Regional Project to 210,000 bpd.
Lease holdings: Approximately 80 square kilometres
Proved plus probable reserves: 703 million barrels
Contingent resources (best-estimate): 375 million barrels
Location: North of the Christina Lake Project, approximately 80 kilometres south of Fort McMurray, Alberta
Design capacity: 120,000 barrels per day over multiple phases
Status: Subsurface exploration program commenced. Regulatory application submitted in 2012.
Lease holdings: Approximately 2,000 square kilometres in all areas
Contingent resources (best-estimate): 2.4 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
Status: Subsurface exploration program commenced.
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 net to MEG.
Capacity of diluent pipeline from Edmonton-area to Christina Lake: 75,000 barrels per day net to MEG.
Status: In operation – expansion opportunities are available to meet growing needs at MEG’s existing and proposed oil sands developments.
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
Location: Alberta Industrial Heartland (northeast of Edmonton, Alberta)
Status: Completed in 2013