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 14%, 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, 2016||0.9 billion bbls|
|2P Gross Reserves at December 31, 2016
(net of the Brooks divestment which was announced subsequent to year-end)
|Unriskded "Best Estimate" Economic Contingent Resources at December 31, 2016||34 MMBOE
(EOR & IOR)
|Future Net Drilling Locations
|Average Decline Rate||14%|