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. That includes Narrows Lake, which began construction in 2015 but was deferred due to low oil prices, and a potential future development project at Telephone Lake.
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.