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Our Canadian crude oil assets are mature properties that provide stable cash flow and production growth potential through enhanced oil recovery techniques and additional drilling opportunities.
With a low estimated base production decline rate of approximately 15%, these properties complement newer growth properties that have higher initial decline rates.
| Canadian Oil Waterfloods - Key Facts | |
|---|---|
| Discovered OOIP (W.I.), excluding the Brooks divestment which was announced subsequent to December 31, 2017 | 0.8 billion bbls |
| 2P Gross Reserves at December 31, 2017 | 45 MMBOE |
| Unrisked "Best Estimate" Economic Contingent Resources at December 31, 2017 | 34 MMBOE (EOR & IOR) |
| Future Net Drilling Locations P+PUDs Contingent Resources |
76 wells (24) (52) |
| Average Decline Rate (excluding Ante Creek) | 15% |
