Our Southeast Saskatchewan “SE SK” Business Unit or the “Weyburn” property is located south of Weyburn, Saskatchewan. The Weyburn property is the largest Carbon Capture & Utilization Storage “CCUS” project in the world which underpins why Whitecap has one of the lowest emissions intensities in the world along with our commitment to continue to emphasize environmental sustainability as a core value. This internationally recognized, world class project has safely captured over 34 million tonnes of CO2. In 2018, the Weyburn project stored 1.8 million tonnes of CO2 which means we sequester more CO2 than our yearly corporate emissions (direct and indirect), making us a carbon negative company.
The primary reservoirs being developed are the Midale and Frobisher. Whitecap has a 62.1% operated working interest in the Weyburn Unit which produces primarily light oil. The Weyburn Unit has been in existence since the 1950’s when it was discovered. Waterflood operations commenced in the 1960’s with a world class CO2 enhanced oil recovery "EOR" development commencing in 2000. Significant expansion opportunities remain to expand the Weyburn CO2 flood and further mitigate a low 3-5% base decline rate in conjunction with a very low maintenance capital requirement.
Whitecap's world class expertise in CO2 EOR and sequestration provides the foundation to continue to drive down Whitecap's GHG emissions intensity.