MEG.TO
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Our purpose is to supply the world with environmentally and socially responsible energy, while generating long term value for all our stakeholders.
MEG is an energy company focused on sustainable in situ thermal oil production in the southern Athabasca oil region of Alberta, Canada. MEG transports and sells thermal oil (known as Access Western Blend or AWB) to customers throughout North America and internationally.
With proven, proprietary innovative technologies, we are reducing our energy and water use, capital and operating costs and greenhouse gas (GHG) intensity. MEG is actively developing innovative enhanced oil recovery projects that utilize steam-assisted gravity drainage (“SAGD”) extraction methods to improve the responsible economic recovery of oil as well as lower carbon emissions.
MEG is a proud member of the Pathways Alliance, a group of six oil sands producers working together to achieve the ambitious national goal of net zero(1) GHG emissions by 2050.
We’re proud to be part of a vital industry promoting responsible resource development and fueling our economy.
(1) Scope 1 and 2 GHG emissions
Our operations are located in Canada, which ranks #1 for its environmental, social and governance practices among the world's top oil reserve holders.
Proved + Probable reserve life index of 50 years at 103,000 bbls/d.
(1). As of December 31, 2022.
Diverse Marketing Portfolio with access to high value markets. Low production decline profile (10-15% annually) enhances financial sustainability.
MEG is the leading pure play in situ thermal oil producer in Canada. MEG’s strategy is focused on delivering sustainable free cash flow by leveraging its high-quality assets and exceptional team.
MEG is the leading pure play in situ heavy oil producer in Canada. MEG’s strategy is focused on delivering sustainable free cash flow by leveraging its high-quality assets and exceptional team.
MEG is the leading pure play in situ heavy oil producer in Canada. MEG’s strategy is focused on delivering sustainable free cash flow by leveraging its high-quality assets and exceptional team.
Incident notification – April 30, 2016 – Meg Energy announces that today, at approximately 08:15 hrs, during work carried out on a natural gas well near the village of Edmonton in Alberta.