Our Progress – Past, Present & Future

2008
Innovations
  • Gas conservation facility design

Milestones
  • Phase 1
  • Production capacity 3,000 bpd
2008
2009
Innovations
  • 85 MW congeneration facility commissioned; exporting power to AB grid
  • SAGD rigs converted from diesel to highline power

Milestones
  • Phase 2
  • Production Capacity 25,000 bpd
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
  • Production Capacity 60,000 bpd
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

Incident Notification

TEST: Incident Notification – December 4, 2023 – 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.