Natural Resources committee  You had a good point there. SAGD projects are typically smaller in nature than mining projects. You see the mining projects with their 100,000 barrel-a-day-plus projects. You're in multiple billions of dollars for each project. With the SAGD, you can break it into smaller expan

Natural Resources committee  When you break down the total bitumen resource in Alberta, I think about 20% is mineable and about 80% is too deep to mine and is going to be developed with different in situ techniques. I think the bigger prize, for sure, is using these in situ technologies. I think the oil sa

Natural Resources committee  HI-Q is something that MEG has been developing. We've been playing around for probably almost 15 years. It is a partial upgrading technology. When we looked at things, we saw upgraders are expensive. You can see that now the economics of them just aren't making sense, and we have

Natural Resources committee  It's become a more common technology. I don't know how many others there are. There are about a dozen or so.

Natural Resources committee  MEG Energy isn't part of COSIA.

Natural Resources committee  The way I look at it, my career spanned about 20 years in the oil sands industry. As a young engineer, I was working on one of the first pilots of the technology 20 years ago, so my entire career has been innovating and developing technology. When you look at SAGD in general, it

Natural Resources committee  Absolutely, yes. Speaking for MEG, we always want to go above and beyond, do the right thing, and continue to get better in all aspects, whether it's the energy intensities—and you pointed out some of the stuff—or water usage. We've been continuing to use less and less water and

Natural Resources committee  When oil prices are low, it forces our teams at MEG to do what they do best: innovate and think of new ways to operate and grow the business more efficiently. MEG and our industry peers will always continue to innovate, but reduced cash flow caused by the continued low commodity

Natural Resources committee  For those of you who are unfamiliar with it, I will give a very high-level overview of the in situ oil sands production process MEG uses in its operations, which is steam-assisted gravity drainage, or SAGD. In doing so, you'll quickly understand that our operations are inherently

Natural Resources committee  Thank you. I'll pass it back over to Mikaela to open.

Natural Resources committee  I'm Lyle Thorsen, MEG's director of strategic planning. As part of this role, I lead our short- and long-term financial planning to make sure that MEG has the capital required to support our development plans; this role includes funding our efforts on clean technology innovation,