MEG Energy Corp 2017 AR2
The report highlights MEG Energy's transition to a low-cost, continuous growth model in the oil sands through the application of proprietary technologies like eMSAGP. In 2017, the company achieved a company-wide steam-oil ratio of 2.3, reducing greenhouse gas emissions intensity to 22% below the in situ industry average. Additionally, MEG Energy reduced its non-saline water use intensity by 61% since 2011 and recycled 90% of the water used in its operations. The company also announced a major transaction to sell its interest in the Access Pipeline and Stonefell Terminal for $1.61 billion to improve its financial position.
Company: MEG Energy Corp
Sector: Energy
Country: Canada
Year: 2017
Type: AR2
Pages: 118
MEG Energy Corp
A New Approach To The Oil Sands
The report highlights MEG Energy's transition to a low-cost, continuous growth model in the oil sands through the application of proprietary technologies like eMSAGP. In 2017, the company achieved a company-wide steam-oil ratio of 2.3, reducing greenhouse gas emissions intensity to 22% below the in situ industry average. Additionally, MEG Energy reduced its non-saline water use intensity by 61% since 2011 and recycled 90% of the water used in its operations. The company also announced a major transaction to sell its interest in the Access Pipeline and Stonefell Terminal for $1.61 billion to improve its financial position.
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Document Details
Report Year
2017
Reporting Period
Jan 1, 2017 - Dec 31, 2017
Fiscal Year
2017
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
No data available