Investor Presentaiton
Cold Lake strategy
Maintain strong cash flow generation and reduce GHGi
Production
kbd
150
100
50
50
0
IIII
2018-19 2020 OL 2021-23 2024-25
Recovery method of production
%
100
50
Resilient cash generation through cycles
> Positive cash generation in 2020
> Strong action to reduce costs; paced capital spending
> Maintained unit P&M expenses flat vs. 2019,
~$US 13.50/bbl
Focused on base performance
> Volumes near term at ~130 kbd
> Optimizations and reliability enhancements
▸ Digital initiatives
Long-term strategy
> Maintain optimum utilization of existing infrastructure
▷ Sequence development of the highest-value resource
> Minimize energy, GHGi through solvent technologies
0
2000
2010
■CSS ■Steamflood
Current
■Solvent technology
2030
KC
YEARS
1880-2020
Imperial | 2020 38View entire presentation