Corporate Profile

Our Mission Statement

"To develop people to work together to create value for the Company's shareholders by doing it right with fun and integrity."

Corporate Profile

Who We Are

We are an effective and efficient operator with a diversified portfolio of assets in North America, the UK North Sea and Offshore Africa, which enables us to generate significant value, even in challenging economic environments. We continually strive for safe, effective, efficient and environmentally responsible operations while executing economic development of our diverse asset base.

Our balanced mix of natural gas, light crude oil, heavy crude oil, bitumen and synthetic crude oil (SCO) represents one of the strongest and most diversified asset portfolios of any independent energy producer in the world. The Company has completed its transition to a long life low decline asset base through the development of its Horizon oil sands mine and acquisition of Athabasca Oil Sands Project (AOSP), its vast thermal in situ opportunities and the expansion of its world class polymer flood project at Pelican Lake. This transition forms the basis of the Company’s sustainable free cash flow.

Our financial discipline, commitment to a strong balance sheet, and capacity to generate adjusted funds flow provide us the means to grow our company in the long term.

What We Operate

Natural Gas

  • One of the largest independent natural gas producers in Canada.
  • One of the largest undeveloped land bases in the relatively undeveloped, natural gas prone areas of the Montney Northeast British Columbia and Northwest Alberta.

North America Crude Oil and NGLs

  • One of the largest heavy crude oil producers in Canada.
  • Diverse portfolio of light crude oil, primary heavy crude oil, Pelican Lake medium crude oil and natural gas liquids.
  • Tremendous development opportunities within the Company’s Thermal in situ oil sands asset portfolio, incremental to our operating assets at the Primrose, Wolf Lake, Kirby South, Kirby North and Jackfish projects.

Oil Sands Mining and Upgrading

  • World class oil sands mining opportunity with 7.5 billion barrels of Company Gross proved plus probable SCO reserves.
  • No declines for over 50 years.
  • Mined oil sands, bitumen production and upgraded to SCO
  • 70% working interest and operator of Muskeg River and Jackpine mines.
  • 100% owned and operated Horizon Oil Sands Mine and Upgrader
  • Mined oil sands upgraded at 70% owned Scotford upgrader (Shell operated).
  • Carbon sequestration via 70 percent owned Quest Carbon Capture and Storage Project (CCS) at Scotford (Shell operated).

International Crude Oil

  • Development and exploration opportunities in Côte d'Ivoire, Offshore Africa.
  • 20% interest in blocks 11B/12B offshore South Africa
  • Development opportunities in the UK region of the North Sea.