The project is currently in approval stage and is expected to start commercial production in 2026. The development cost is expected to be $192 m.
Field participation details
The field is owned by MEG Energy.
Production from May River (MEG Energy Corp.)
Production from the May River (MEG Energy Corp.) oil sands development project is expected to begin in 2026 and is forecast to peak in 2031, to approximately 1,62,430 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2080.
Remaining recoverable reserves
The field is expected to recover 1,998 Mmboe, comprised of 1,998 Mmbbl of crude oil & condensate.
Contractors involved in the May River (MEG Energy Corp.) oil sands field
The key contractors involved in the May River (MEG Energy Corp.) project as follows.
Other Contractors: GLJ Petroleum Consultants
About MEG Energy
MEG Energy Corp (MEG ) is an oil and gas company that develops and produces oil sands and bitumen. The company operates Christina Lake, May River and Surmont projects. These projects are situated in the Alberta region. It operates central processing facility (CPF), which utilizes closed loop process that balances environmental impacts and maximizes efficiency. It also operates other technologies, comprising steam-assisted gravity drainage, cogeneration, Hi-Q field pilot, and eMSAGP. The company also has access to pipelines through Stonefell storage facility, which provides certain marketing advantages to its production. The company has operations in the US and Canada. MEG is headquartered in Calgary, Alberta, Canada.
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.