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Bullboard - Stock Discussion Forum MEG Energy Corp T.MEG

Alternate Symbol(s):  MEGEF

MEG Energy Corp. is a Canada-based energy company focused on sustainable in-situ thermal oil production in the southern Athabasca region of Alberta, Canada. The Company is engaged in the development of enhanced oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the responsible economic recovery of oil, as well as lower carbon emissions. It... see more

TSX:MEG - Post Discussion

MEG Energy Corp > Largest In-Depth TURNAROUND In MEG's History
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Post by ztransforms173 on Jul 28, 2023 10:30am

Largest In-Depth TURNAROUND In MEG's History

- cost: $ 66 million

from Q2/2023 CC: COO:

- 220,000 man-hours of labor utilized

- BOP PENALTY in LOST production of 20,000 bbls/d for Q2/2023

- did NOT complete ALL the WELL TIE-INS during major turnaround due to SUPPLY CHAIN ISSUES

- since these tie-ins will be done in Q3/2023, there will be REDUCED BOP due to CUTTING OFF STEAM to perform these tie-ins

- there is a SHORTAGE of QUALIFIED CONTRACT WORKERS and invoice inflation on this manpower is double digits

z173
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