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Our Progress – Past, Present & Future

2008

Innovations

Gas conservation facility design

Milestones

Phase 1

2008

2009

Innovations

85 MW congeneration facility commissioned; exporting power to AB grid
SAGD rigs converted from diesel to highline power

Milestones

Phase 2

2009

2011

Innovations

eMSAGP Pilot
Demonstrate SOR of 1.3 at eMSAGP pilot

Milestones

26,603 bpd of production at 2.40 SOR

2011

2013

Innovations

eMSAGP commercial roll-out
Additional 85 MW cogeneration facility commissioned; exporting power to AB grid

Milestones

Phase 2B

2013

2014

Innovations

eMSAGP expansion to Phase 2

Milestones

71,186 bpd of production at 2.48 SOR

2014

2016

Innovations

eMVAPEX Pilot Phase 1

Milestones

First CDP Climate response

2016

2017

Innovations

eMVAPEX Pilot Phase 2

2017

2018

Innovations

eMSAGP expansion to Phase 2B
eMVAPEX Pilot Phase 3
iSOR of <0.1 may be achievable
Process Tanks Fugitive Emissions Reduction Project

Milestones

Production Capacity 100,000 bpd
GHG metrics incorporated into Corporate Performance Scorecard
2.19 SOR - 20% below industry average

2018

2019

Milestones

93,092 bpd of production at 2.22 SOR
Long-term aspiration to achieve Net-Zero GHG emissions disclosed
First ESG Report

2019

2020

Innovations

Deployment of artificial intelligence and automation to wells
Expanded fugitive emissions management program

Milestones

Commitment to Support Paris Agreement
Net Zero GHG emissions by 2050 goal set
First ESG data supplement and TCFD index disclosed

2020

2021

Innovations

Heavy Oil Viscosity Reduction technology pilot
CCS technology evaluation

Milestones

Joined Oilsands Pathway to Net Zero
Set mid-term (2030) GHG target

2021

2030

Milestones

Target: 30% reduction (Scope 1 and 2) Bitumen GHG emissions intensity from 2013 levels by 2030

2030

2050

Milestones

Net Zero GHG Emissions (Scope 1 and 2) by 2050

2050