Meg Energy Oil And Gas Management

Meg energy is a pure play canadian oil sands producer engaged in exploration in northern alberta all of its oil reserves are more than 1 000 feet 300 m below the surface and so they depend on steam assisted gravity drainage and associated technology to produce heavy bitumen must first be brought to the surface.

Meg energy oil and gas management.

Capital program reduction and guidance update. Since joining meg in 2004 he has held roles of increasing responsibility with the company with oversight for reservoir management and project development facility operations cost leadership and technological development and application. Meg s natural gas turbine generates electricity that is used in its operations with surplus power sold into the alberta electricity grid. The company s main thermal project is christina lake.

With over 33 years of experience in the oil and gas industry he has been a leader in thermal development. Meg energy is a canadian energy company focused on sustainable in situ thermal oil production. Alberta base oil and gas producer meg energy believes it can achieve net zero greenhouse gas emissions at its christina lake oil sands facility in northern alberta. Christina lake is a multi phased sagd project and currently the focus of meg s oil development.

They are proposing a project that would capture greenhouse gases before they are released into the atmosphere and permanently bury those emissions deep below the earth s surface. Meg is good value based on its pb ratio 0 3x compared to the ca oil and gas industry average 0 8x. Engineering jobs production and operations jobs trades and construction jobs supply chain management jobs and administration. Meg has taken measures to achieve one of the lowest ghg emissions intensities in the thermal heavy oil industry.

The majority of the 50 million capital reduction is a result of reducing planned turnaround scope in the third quarter and deferring costs associated with well pairs that were previously. Between 2013 and 2019 our net greenhouse gas ghg emissions intensity reduced by 7 and in 2019 was more than 20 below the industry average. Next steps explore potentially undervalued companies in the energy industry. Meg energy is currently hiring for several oil and gas jobs in and around calgary alberta.