Our Weyburn property is located in southeast Saskatchewan. The primary reservoirs being developed are the Midale and Frobisher. The key characteristics of this asset are medium (25° - 40° API) sour oil, a 62.1% operated working interest in the Weyburn Unit. 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 development commencing in 2000. There remain significant expansion opportunities to expand the Weyburn CO2 flood, and further mitigate an already very low base decline rate.