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MEG Energy Sees Record Production In July At Christina Lake Facility

Fort McMurray, AB, Canada / MIX 103.7
MEG Energy Sees Record Production In July At Christina Lake Facility

Photo courtesy of MEG Energy

An oilsands facility south of Fort McMurray reached record production levels last month.

In its latest financial report, MEG Energy says production at Christina Lake averaged 71,325 bpd in the second quarter of 2018.

This resulted in lower quarter-over-quarter production, however, after a 33-day planned turnaround at the phase 2B project and the implementation of what the company calls “enhanced Modified Steam and Gas Push” (eMSAGP) technology, production averaged more than 98, 000 bpd in July.

Interim President and CEO Harvey Doerr says for several days last month they even saw record production day rates in excess of 100,000 bpd.

“MEG executed the largest turnaround in its history during the second quarter. The value of our diligent approach to regular plant maintenance was demonstrated as the turnaround confirmed the overall integrity of the plant,” said Doerr. “The turnaround allowed us to tie-in and modify a number of pieces of equipment, which enable us to reliably run at higher production levels.”

The Calgary-based company has now increased its annual production guidance to 87,000 to 90,000 bpd, and year-end exit production is anticipated to average just over 100,000 bpd.