MEG Energy is a Canadian oil sands company focused on sustainable in situ development and production in the southern Athabasca oil sands region of Alberta. MEG has acquired a large, high-quality resource base – one that we believe holds some of the best in situ resources in Alberta. The company’s current focus is the Christina Lake region, which has been established as one of the premium plays in
the oil sands and which will remain central to MEG’s plans over the next decade. MEG also owns interests in two key midstream assets: Access Pipeline and Stonefell Terminal. Access Pipeline, a 50%-owned joint venture with Devon Energy, connects our Christina Lake Project to a large regional upgrading, refining, diluent supply and transportation hub in the Edmonton, Alberta area. MEG’s wholly-owned Stonefell Terminal was commissioned in the fourth quarter of 2013 and has 900,000 barrels of strategic terminalling and storage capacity. The Stonefell Terminal is connected to the Access Pipeline and is also connected by pipeline to a third party rail loading terminal. This combination of facilities allows for both the loading of bitumen blend for transport by rail and the receipt of railed diluent, giving direct access to multiple blend markets and diluent sources throughout North America.
