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MEG Energy Corp T.MEG

Alternate Symbol(s):  MEGEF

MEG Energy Corp. is a Canada-based energy company focused on in-situ thermal oil production in the southern Athabasca oil 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 economic recovery of oil. It transports and sells thermal oil (AWB) to customers throughout North America and internationally. The Company owns a 100% interest in over 410 square miles of mineral leases in the southern Athabasca oil region of Alberta, Canada and is primarily engaged in sustainable in situ thermal oil production at its Christina Lake Project. Christina Lake Project is a multi-phased project, located 150 kilometers south of Fort McMurray in northeast Alberta. It comprised of approximately 200 square kilometers of leases.


TSX:MEG - Post by User

Post by ztransforms173on Jul 26, 2024 6:56pm
215 Views
Post# 36150701

MEG Energy workers returning to oilsands site after wildfire

MEG Energy workers returning to oilsands site after wildfire

MEG Energy workers returning to oilsands site after wildfire evacuation

 
 

CALGARY – MEG Energy Corp. says it has started bringing workers back to its Christina Lake oilsands site after evacuating all non-essential personnel last week due to wildfires in northern Alberta.

CEO Darlene Gates said on a conference call Friday that the fire drew so close to the site that at one point flames were “all around” one of the company’s disposal wells.

But she said the company has spent years removing vegetation around its key infrastructure to create natural firebreaks, and in this case, the firebreaks worked.

Gates says while she expects wildfires to continue burning in the region for a while, MEG would not bring workers back if it wasn’t confident they will be safe.

Other companies including Suncor Energy Inc. and Imperial Oil Ltd. have also had to temporarily evacuate workers this summer as wildfires blazed through the oilsands region of Alberta.

Cooler temperatures and rain forecast for the next few days are expected to assist firefighters still battling difficult conditions in the Western province.

This report by The Canadian Press was first published July 26, 2024.

https://boereport.com/2024/07/26/meg-energy-workers-returning-to-oilsands-site-after-wildfire-evacuation/

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z173


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