Production Rates | Forecast - Production | Hedging | Capital Markets | Capital Expenditure | Capital Expenditure - 2017
MEG Energy Plans Large Budget for 2017 Following Refinancing
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MEG Energy Corp. announced comprehensive refinancing transactions as well as its 2017 capital investment plan and operational guidance.
All dollar figures are in $CDN unless otherwise noted.
2017 Capital Budget and Operational Guidance MEG will commence its eMSAGP growth initiative at Christina Lake Phase 2B during 2017 A 2017 capital budget of $590 million, approximately 55% of which is directed towards initiation of the eMSAGP growth project, 35% towards sustaining and turnaround costs, and the remainder towards supporting marketing, corporate and other initiatives; Targeted 2017 average production in the range of 80,000 to 82,000 bpd, 2017 exit production in the range of 86,000 - 89,000 bpd approaching year end 20172017 Capital Investment
The estimated capital cost of the…
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Canada News
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