Corporate Profile

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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, its vast thermal in situ opportunities and the expansion of it world class polymer project at Pelican Lake.  This transition will provide increasingly sustainable free cash flow.

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

What We Operate

Natural Gas

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

North America Crude Oil and NGLs

  • Largest heavy crude oil producer in Canada.
  • Diverse portfolio of light crude oil, primary heavy crude oil, Pelican Lake crude oil and natural gas liquids.
  • Tremendous development opportunities within the Company’s in situ oil sands asset portfolio. 

Oil Sands Mining and Upgrading

Horizon Oil Sands Mining and Upgrading

  • World class oil sands mining opportunity with 6.06 billion barrels of Company Gross proved plus probable SCO reserves
  • No declines for over 50 years
  • Mined and upgraded oil sands to 34 degree API light, SCO
  • Phase 3 expansion completed

Athabasca Oil Sands Project (AOSP)

  • 70% working interest and operator of Muskeg River and Jackpine mines.
  • Mined oil sands upgraded at 70% owned Scotford upgrader (Shell operated)
  • Carbon sequestration via Quest Carbon Capture and Storage Project (CCS) at Scotford (Shell operated)

International Crude Oil

  • Exploitation and exploration opportunities in Côte d'Ivorie and Offshore Africa.
  • Exploitation opportunities in the UK region of the North Sea.


Third Quarter Highlights

Third Quarter Highlights