J 2012 Peters & Co. North American Oil & Gas Conference Paul Masschelin
Cautionary statement This presentation contains forward-looking information on future production, project start-ups and future capital spending. Actual results could differ materially due to changes in project schedules, operating…
Reducing maintenance capital Key drivers to achieving low maintenance capital expenditures Technical leadership Operations excellence Asset quality 3
Oil sands technical leadership Over half a century of innovation and unmatched research capability In-situ Mining Field 1966 1978 1982 1990 2000 2005 2007 2013 201x Pilots CSS Produced SAGD 3D seismic Infill LASER CSP HT-PFT CIMA…
Cold Lake recovery Technology sustains and grows in-situ production from existing investment Demonstrated recovery at Cold Lake (%) 80 Late lifecycle technologies in use Liquid Addition to Steam for 60 Enhanced Recovery (LASER)…
Cold Lake has produced over 1 billion barrels Nabiye expansion sanctioned; Grand Rapids development planned Cold Lake production* kbd Record 160 kbd production in 2011 200 Nabiye 40 kbd Nabiye expansion sanctioned Mahkeses Grand…
Operations excellence Kearl Pre-investment to enhance system availability Kearl Availability % Design and operability enhancements 100 Dual hydro-transport lines with peak 345 kbd 60 percent capacity each 3rd mine train…
Operations excellence Syncrude Building a foundation based on Global Managing Systems & Best Practices Reliability GRS expanding to cover more activities & equipment Plans implemented to address equipment bad actors Measureable…
Kearl a lasting unit cost advantage One of the best undeveloped mining resources Athabasca undeveloped mining resources ore grade (%) A vs. Kearl 12.5 Increasing Mining Efficiency A moves 50% Kearl more overburden 12.0 A…
Industry-leading ROCE Focused on extracting maximum value from every asset Return on capital employed* % 50 IMO competitive advantages IMO Technical leadership 40 Operational excellence 30 HSE Asset quality Investment…
For more information www.imperialoil.ca For more detailed investor information, or to receive annual and interim reports, please contact: John A. Charlton Manager, Investor Relations Imperial Oil Limited 237 Fourth Avenue SW Calgary,…
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