MEG Energy Corp
Description MEG Energy Corp. engages in the development and production of in situ oil sands in Alberta, Canada. The company is developing enhanced oil recovery projects that utilize steam assisted gravity drainage extraction methods. It owns 100% working interest in approximately 200 square kilometers of oil sands leases in the Christina Lake project; and holds interest in approximately 2,000 square kilometers in the Growth Properties. The company also owns 100% working interest in the oil sands leases associated with the Surmont Project. In addition, it holds a 50% interest in a dual pipeline system, which connects the Christina Lake project to a regional upgrading, refining, and transportation hub in the Edmonton, Alberta area, as well as owns the Stonefell Terminal, a terminalling and storage facility. As of December 31, 2011, the company had 2.6 billion barrels of proved plus probable bitumen reserves and 3.4 billion barrels of contingent bitumen resources. MEG Energy Corp. was incorporated in 1999 and is headquartered in Calgary, Canada. To view the detailed information, you need to SUBSCRIBE with us. |
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