MEG Energy’s Christina Lake oilsands project produced a record amount of oil in July.
MEG is reporting that the second quarter averaged 71,325 bpd, 23 per cent lower than the first quarter of 2018 because of a 33-day turnaround.
The planned maintenance ensured strong production for July, averaging over 98,000 bpd.
“MEG executed the largest turnaround in its history during the second quarter. The value of our diligent approach to regular plant maintenance was demonstrated as the turnaround confirmed the overall integrity of the plant,” said Harvey Doerr, Interim President and CEO. “The turnaround allowed us to tie-in and modify a number of pieces of equipment, which enable us to reliably run at higher production levels. We saw record production day rates in excess of 100,000 bpd for several days in July as new Phase 2B eMSAGP wells were brought on-stream.”
MEG has increased its production guidance to between 87,000 and 90,000 bpd.
The company is also anticipating to average 100,000 bpd by the end of the year.