MEG Energy Logotype Preview
Learn more about the MEG Energy brand, find out the MEG Energy colors, and download a MEG Energy vector logo in the SVG file format.
MEG Energy is a pure play Canadian oil sands producer engaged in exploration in Northern Alberta. All of its oil reserves are more than below the surface and so they depend on steam-assisted gravity drainage and associated technology to produce. The company’s main thermal project is Christina Lake. 85-megawatt cogeneration plants are used to produce the steam used in SAGD which is required to bring bitumen to the surface. The excess heat and electricity produced at its plants is then sold to Alberta’s power grid. Its proven reserves have been independently pegged at and probable reserves; That’s significant considering only of the of bitumen in Alberta is considered recoverable under current technology. The value of those reserves is over $19.8 billion. CNOOC has a minority 16.69% interest in MEG Energy.