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Oil sands

Oil sands

We’ve been drilling in Alberta’s oil sands for more than two decades. All of our oil sands projects use a drilling method called steam-assisted gravity drainage or SAGD for short. We have no mining assets, no tailings ponds and no megaprojects.

We have two projects that are producing oil — Christina Lake and Foster Creek – as well as regulatory approval for future oil sands development projects, including our 100 percent owned Narrows Lake and Telephone Lake assets. In 2019, our oil sands projects produced approximately 354,000 barrels of oil per day (bbls/d) combined.

We use a repeatable, manufacturing approach to build these projects, and we develop them in phases — allowing us to learn and adapt from one phase to the next. Each successive phase benefits from improved technology that results in operational efficiencies and a reduced environmental footprint.