Our Midale operating area is located near Weyburn, Saskatchewan. It began producing in 1953 and is forecast to continue to produce for an additional 50+ years. It has over 730 million barrels original oil in place (“OOIP”) and its low decline production of 3,300 boe/d (net) is supported by both waterflood and CO2 enhanced oil recovery (“EOR”). Cardinal operates one of Canada’s largest CO2 sequestering facilities in Midale. In 2022, we sequestered 181,000 tonnes of CO2 equivalent. The wells drilled in 2021 – 2024 to provide increased CO2 injection into the reservoir are seeing production responses in offsetting wells that are above expectation.
Midale Unit (77% Cardinal Working Interest)
- OOIP: 730 MMbbls (~24% recovery factor to date)
- Low density development
- Early stages of larger scale development