Exploration and production (E&P)

An orange floating production storage and offloading unit sits in the middle of the Atlantic Ocean near Newfoundland and Labrador.

Exploration and production at a glance

Our E&P business consists of offshore operations off the east coast of Canada and onshore assets in Libya and Syria. The E&P business provides portfolio diversity with low-cost conventional production, which helps balance against higher cost oil sands production, particularly when crude prices are low.

~56.1 mboe/d

2023 production volume

East Coast Canada

International interests

Middle East

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