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.)||1.1 billion bbls|
|Recovery Factor to Date(1)||23%|
|2P Reserves at Dec 31, 2015(2)||67 MMBOE|
|Best Est. Economic Unrisked Contingent Resources Dec 31, 2015(2)||35 MMBOE (EOR & IOR)|
|Future Net Drilling Locations
|2016E Production||15,000-16,000 BOE/day|
|Average Decline Rate||14%|