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 3,200 boepd (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 292,000 tonnes of CO2 equivalent, more than offsetting all of Cardinal’s company wide direct emissions. The wells drilled in 2021, 2022 and 2023 to provide increased CO2 injection into the reservoir are seeing production responses in offsetting wells that are above expectation.
Midale Unit (77% Cardinal operated)
- OOIP: 730 MMbbls (~22% recovery factor to date)
- Low density development
- Early stages of larger scale development