MEG is part of the next generation of oil sands development and production. MEG is a public traded Alberta-based company that uses Steam Assisted Gravity Drainage (SAGD) technology to recover drillable (in situ) oil from the oil sands.
Primary operations are in the Southern Athabasca region at Christina Lake, near Conklin, Alberta.
Christina Lake is a three phase project. Phase 1 and Phase 2 began production in 2008 and 2009, respectively and have a combined design production capacity of 25,000 bbls/d. Phase 2 came on stream late in 2009, by June of 2010 the combined average production from these two phases had already exceeded 26,000 bbls/d.
An expansion to Phase 2, called Phase 2B, is under construction is slated to operation in 2013. Phase 2B is being designed to add 35,000 bbls/d of production capacity, which would bring MEG's combined production capacity at the Christina Lake Project to 60,000 bbls/d.
Phase 3 of the Christina Lake Project is at the regulatory approval stage. When all stages are completed, Phase 3 is expected to add another 150,000 bbls/d of production capacity, for a total production capacity of 210,000 bbls/d.
MEG is co-owner of the Access pipeline which supplies production to the distribution hub near Edmonton, Alberta. Production is marketed as Acess Western Blend (AWB).