May River (MEG Energy Corp.) is a oil sands development located onshore Canada and is operated by MEG Energy. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Buy the profile here.
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 162,430 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2082.
Remaining recoverable reserves
The field is expected to recover 2,005.88 Mmboe, comprised of 2,005.88 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 that comprise steam-assisted gravity drainage, cogeneration, Hi-Q field pilot, and eMSAGP. The company has access to pipelines through Stonefell storage facility. The company has operations in the US and Canada. MEG is headquartered in Calgary, Alberta, Canada.
For more details on the May River (MEG Energy Corp.) Oil Sands Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
