High-Return, Short-Cycle Growth

The Impact of Technology on MEG’s Business Model

MEG Energy has transformed the way business can be done by utilizing our proven, proprietary eMSAGP technology to increase production while decreasing our costs and steam-oil ratio. Through the application of eMSAGP on our Phase 2B assets, we have realized production growth while continuing to drive our steam oil ratio down and reduce our non-energy operating costs per barrel.

 

eMVAPEX

MEG's proprietary eMVAPEX process is a continuation of eMSAGP that involves the injection of a condensable gas to maintain reservoir pressure and reducing steam injection to near-zero. The company has been piloting eMVAPEX since 2016 to test the commerciality and scalability of the technology.

eMVAPEX has the potential to further enhance MEG's growth potential by reducing capital requirements, while minimizing environmental impacts to land, air and water. The eMVAPEX pilot is funded in part through government grants received from Alberta Innovates, Natural Resources Canada, Emissions Reduction Alberta, and Sustainable Development Technology Canada.