Investor Presentaiton
Cold Lake strategy
Maximize asset value and cash flow through transformational GHG strategy
Transition to lower emission technology
kbd
200
100
Base
Base infills
Lower emissions production
2024
2027
2030
0
2021
Reduction in GHG intensity
t CO₂e/m3
Strategy to sustain volumes through resilient
investments, delivering competitive returns and
GHG transformation
> ~1.7 billion boe produced, 1.1 billion boe 2P reserves remaining
Accelerating solvent technologies, while increasing
profitability and reducing reliance on steam
> ~24% reduction in GHG intensity vs. prior plan
Technology progression
LASER
Start up
Mahihkan 2017, Mahkeses 2021
0.5
SA-SAGD, SAGD
GRP1 2024, Leming redevelopment 2025
NCG
~ 2026+
CSP
ELP
~ 2028+
Evaluating
0.0
2021-2025
2026 - 2030
LASER: Liquid Addition to Steam for Enhanced Recovery, SA-SAGD: Solvent Assisted Steam Assisted Gravity Drainage,
NCG: Non Condensable Gas Injection, CSP: Cyclic Solvent Process, ELP: Enhanced Late-Life Process
■Current Outlook Prior Plan
2P reserves Imperial share, before royalties, YE 2021 NI51-101
Imperial |2022 | 36View entire presentation