The ConocoPhillips Canadian operations are comprised primarily of Surmont in the Athabasca region of northeastern Alberta and the Montney unconventional development in British Columbia.
Surmont is a steam-assisted gravity drainage (SAGD) development that contains over a billion barrels of captured resources. In 2022, Surmont resumed sustaining pad drilling with Pad 267 for first production in early 2024.
At Montney, ConocoPhillips has established a major position in a liquids-rich unconventional development play. During 2022, the company progressed its exploration and appraisal activities and continued construction on the second phase of its processing facility with start-up scheduled for the third quarter of 2023.
Canada at a Glance
As of December 31, 2022
2022 Production Mix
Full-year 2022 production in the Canada segment was 85 MBOED.