A conventional oil property
On September 5, 2017, we announced an agreement to sell our Greater Pelican Lake assets in northern Alberta. The sale is expected to close on or before September 30, 2017, subject to normal closing conditions. Read the news release for complete details.
Our Pelican Lake heavy oil operation is located about 300 kilometres north of Edmonton, in the Greater Pelican Region. We initially began producing heavy oil at Pelican Lake in 1997 from a series of horizontal wells. We use polymer flooding which involves injecting water and small concentrations of natural and synthetic compounds called polymers to help push oil towards a producing well. Polymers are environmentally harmless and are used in many common consumer products from plastics to disposable diapers.