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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 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) |
51 MMBOE |
| Unriskded "Best Estimate" Economic Contingent Resources at December 31, 2016 | 34 MMBOE (EOR & IOR) |
| Future Net Drilling Locations P+PUDs Contingent Resources |
82 wells (28) (54) |
| Average Decline Rate | 14% |
