HUGE Q2/25 TURNAROUND: $70M COST + 2.9M bbls LOST
The 2025 annual production guidance includes major turnaround activities in Q2, with a full-year production impact of up to 8,000 bbls/d. Production reflects the startup of two new well pads in 2025, with the first on-stream in Q3 and the second in Q4, supporting the building of annualized capacity for future production.
MEG's total 2025 capital program is expected to be $635 million, with $130 million allocated to the Facility Expansion Project, $70 million to Turnaround, and the remaining $435 million to Well Pads & Infrastructure and Other. Turnaround activity reflects ten-year regulatory requirements and facilitates the safe and efficient completion of Facility Expansion Project tie-ins.
- GREAT EXPENSE REDUCTION & BOP INCREASE:
With the conclusion of the 2025 turnaround, MEG will be in a position to implement four-year turnaround cycles, compared with its historical practice of three-year cycles, on each Phase of its operation.
- MEG has TWO PHASES in OPERATION at the Chistina Lake SAGD facility:
* Phase 1 & Phase 2B
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