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 original oil in place (“OOIP”) and its low decline production of 3,100 boe/d is supported by both water and CO2 enhanced oil recovery (“EOR”). Cardinal operates one of Canada’s largest CO2 sequestering facilities in Midale. In 2021, we expect to sequester 230,000 tonnes of CO2 equivalent, more than offsetting all of Cardinal’s company wide direct emissions. We expect to expand this project in the future and further increase our sequestration.
Midale Unit (77% Cardinal operated)
- OOIP: 730 MMbbls (~22% recovery factor to date)
- Low density development
- Early stages of larger scale development