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P E R F O R M A N C E D A T AMEG’s performance data provides information for the period January 1, 2019 through to December 31, 2019 with five-year trends where possible. The information is reported for the facilities operated by MEG (excluding the Stonefell Terminal). Footnotes provide information regarding definitions, changes in methodology, and reasons for significant changes, where
applicable. Financial values are reported in Canadian dollars and in a manner consistent with 2019 reports and regulatory filings. The performance data table aligns GRI Standards. MEG has also developed a SASB Index in line with the SASB Oil & Gas - Exploration & Production Standard (October 2018).
ECONOMIC UNITS 2015 2016 2017 2018 2019 GRI SASB FOOTNOTE
Bitumen Production bbls/d 80,025 81,245 80,774 87,731 93,082
Steam-oil Ratio bbl of steam/bbl of bitumen 2.47 2.29 2.31 2.19 2.22
Common Shares Outstanding millions 225 226 294 297 300
Market Capitalization $ millions 1,804 2,090 1,512 2,289 2,213 102-7
Gross Sales $ millions 1,947 1,875 2,457 2,771 3,976
Adjusted Funds Flow $ millions 49 (62) 374 180 726 EC-1
Annual Capital Investments $ millions 314 140 502 622 198 201-1 EC-2
Operating Expenses $ millions 307 254 222 210 238
Total Assets $ millions 9,400 8,921 9,363 8,410 7,866 102-7 EC-3
Royalties $ millions 21 9 23 38 45 201-1
2019
93,082
2.22
300
2,213
3,976
726
198
238
7,866
45
2
AIR EMISSIONS UNITS 2015 2016 2017 2018 2019 GRI SASB FOOTNOTE
NOx Emissions tonnes 892 865 901 917 846 305-7 EM-EP-120a.1 AQ-1
NOx Emissions Intensity of Oil Production kg/bbl 0.031 0.029 0.029 0.028 0.027 305-7
SO2 Emissions tonnes 380 380 306 361 845 305-7 EM-EP120a.1 AQ-1, AQ-2
SO2 Emissions Intensity of Oil Production kg/bbl 0.013 0.013 0.010 0.011 0.025 305-7
VOC Emissions tonnes 125 125 147 146 102 305-7 EM-EP120a.1 AQ-3
VOC Emissions Intensity of Oil Production kg/bbl 0.004 0.004 0.005 0.005 0.003 305-7
Total Particulate Matter tonnes 93 95 78 80 54 305-7 AQ-3
Total Particulate Matter Intensity of Oil Production kg/bbl 0.003 0.003 0.003 0.003 0.002 305-7
Flared Gas Volume e3m3 740 420 791 790 1,598 OG6
Vented Gas Volume e3m3 — — — 47.4 55.5 OG6
2019
846
0.027
845
0.025
102
0.003
54
0.002
1,598
55.5
GREENHOUSE GAS EMISSIONS UNITS 2015 2016 2017 2018 2019 GRI SASB FOOTNOTE
Direct GHG Emissions (Scope 1) tonnes CO2e 2,142,139 2,036,574 2,048,121 2,140,537 2,304 305-1 EM-EP-110a.1 GHG-1, GHG-2
1) Scope 1 by GHG Type - CO2 tonnes CO2 2,125,513 2,012,698 2,026,908 2,119,323 2,286,737 305-1
2) Scope 1 by GHG Type - CH4 tonnes CH4 247 565 467 543 377 305-1
3) Scope 1 by GHG Type - N2O tonnes N2O 35 33 32 26 28 305-1
Indirect GHG Emissions (Scope 2) tonnes CO2e 220 1110 90 20 — 305-2 GHG-4
NET GHG Emissions Intensity kg CO2e/bbl 54 50 52 51 52 305-4
2019
2,304,490
2,286,737
377
28
0
52
3
WATER USE UNITS 2015 2016 2017 2018 2019 GRI SASB FOOTNOTE
Total Water Withdrawal thousand m3 1,868 1,197 1,336 1,134 653 303-3
Water Withdrawal by Type:
1) Total Non-SalineWater Withdrawal thousand m3 1,570 1,105 1,096 986 583 303-3 EM-EP-140a.1 W-1, W-6
2) Total Saline Water Withdrawal thousand m3 298 91 240 148 71 303-3 W-1, W-6
Water Withdrawal by Source:
1) Surface Water Withdrawal thousand m3 32 33 126 134 53 303-3 W-2, W-7
2) Groundwater Withdrawal thousand m3 1,836 1,163 1,210 1,000 600 303-3 W-3, W-6
Produced Water Volume thousand m3 11,232 11,089 11,150 11,627 13,244 303-3 EM-EP-140a.2 W-4, W-6
1) Percentage Discharged % 0 0 0 0 0 EM-EP-140a.2 W-6
2) Percentage Injected % 100 100 100 100 100 EM-EP-140a.2
3) Percentage Recycled % 90 90 90 90 88 EM-EP-140a.2
Total Make-up Water Withdrawal thousand m3 1,780 1,128 1,143 905 543 303-3 W-4, W-6
1) Saline Make-upWater Withdrawal thousand m3 298 91 240 148 71 303-3 W-4, W-6
2) Non-Saline Make-upWater Withdrawal thousand m3 1,481 1,035 903 756 472 303-3 W-4, W-6
Total Make-up Water Intensity m3/m3 Oil Production 0.38 0.24 0.24 0.18 0.10 301-1 W-8
Non-Saline Make-up Water Intensity m3/m3 Oil Production 0.32 0.22 0.19 0.15 0.09 301-1 W-8
2019
653
583
71
53
600
13,244
0
100
88
543
71
472
0.10
0.09
4
SPILLS UNITS 2015 2016 2017 2018 2019 GRI SASB FOOTNOTE
Reportable Spills count 7 6 7 5 4 306-3 EM-EP-160a.2 S-1
Total Volume of Reportable Spills m3 15 35 37 34 28 306-3 EM-EP-160a.2 S-1, S-2
Total Volume of Reportable Spills - Hydrocarbon m3 5 30 33 15 8 306-3 EM-EP-160a.2 S-1
Total Volume of Reportable Spills - Non-Hydrocarbon m3 10 5 4 20 20 306-3 EM-EP-160a.2 S-1
2019
4
34
8
26
HEALTH & SAFETY UNITS 2015 2016 2017 2018 2019 GRI SASB FOOTNOTE
Employee Lost-Time Injury Frequency
# of lost-time incidents x
200,000/hours worked
0 0 0.18 0.19 — EM-EP-320a.1 HS-1
Contractor Lost-Time Injury Frequency
# of lost-time incidents x
200,000/hours worked
0 0 0.28 0.19 0.15 EM-EP-320a.1
Employee Recordable Injury Frequency
# of recordableincidents x
200,000/hours worked
0.29 0.17 0.36 0.37 — 403-9 EM-EP-320a.1
Contractor Recordable Injury Frequency
# of recordableincidents x
200,000/hours worked
0.71 0.48 0.94 0.65 0.30 403-9 EM-EP-320a.1
Employee Fatalities count 0 0 0 0 — 403-9 EM-EP-320a.1
Contractor Fatalities count 0 0 0 0 — 403-9 EM-EP-320a.1
2019
0
0.15
0
0.30
0
0
5
COMMUNITY INVESTMENT UNITS 2015 2016 2017 2018 2019 GRI SASB FOOTNOTE
Total Contribution to Charitable, Non-Charitable & Community Groups
$ 2,454,957 1,896,164 1,565,487 3,511,891 2,949,918 201-1
2019
2,949,918
WORKFORCE UNITS 2015 2016 2017 2018 2019 GRI SASB FOOTNOTE
Number of Employees Total count 627 584 516 515 447 102-7
Women Total % — — 23 22 21 102-8; 405-1 WF-1
Men Total % — — 77 78 79 102-8; 405-1 WF-1
Women in Management % — — 22 22 25 405-1 WF-1, WF-2
Women in Senior Management % — — 21 24 25 405-1 WF-1, WF-3
Employee Turnover Rate % — — 15 7 22 401-1 WF-1, WF-4
Ratio of Permanent to Temporary Employee Contracts % — — 34:1 29:1 28:1 WF-1
2019
447
21
79
25
25
22
28:1
INDIGENOUS ENAGEMENT UNITS 2015 2016 2017 2018 2019 GRI SASB FOOTNOTE
Indigenous Business Spend $ 48,597,884 28,087,949 83,991,794 92,778,667 37,781,190 204-1 IE-1, IE-2
Number of Non-Technical Delays # — — — — 0 EM-EP-210b.2 IE-3
Duration of Non-Technical Delays days — — — — 0 EM-EP-210b.2 IE-3
2019
37,781,190
0
0
S A S B I N D E X
7
SASB CODE TOPIC UNITS OF MEASURE
2019 RESPONSE OR REFERENCE TO ADDITIONAL INFORMATION FOOTNOTE
GREENHOUSE GAS EMISSIONS
EM-EP-110a.1 Gross Global Scope 1 Emissions tonnes CO2e 2,304,490 GHG-1, GHG-2
EM-EP-110a.1 Percentage Methane % 0.41 GHG-3
EM-EP-110a.1 Percentage Covered Under Emission-Limiting Regulations % 100
Amount of Gross Global Scope 1 Emissions from:
EM-EP-110a.2
1) Flared Hydrocarbons
tonnes CO2e
8,325
2) Other Combustion 2,289,787
3) Process Emissions N/A
4) Other Vented Emissions 867
5) Fugitive Emissions 5,510 GHG-4
EM-EP-110a.3Discussion of long-term and short-term strategy or plan to manage Scope 1 emissions, emissions reduction targets, and an analysis of performance against those targets
Discussion & Analysis See our most currentCDP Climate Response
AIR QUALITY
EM-EP-120a.1 NOx Emissions tonnes 846 AQ-1
EM-EP-120a.1 SO2 Emissions tonnes 845 AQ-1, AQ-2
EM-EP-120a.1 Volatile Organic Compounds tonnes 102 AQ-3
EM-EP-120a.1 Particulate Matter (PM10) tonnes 39 AQ-3
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SASB CODE TOPIC UNITS OF MEASURE 2019 RESPONSE OR REFERENCE TO ADDITIONAL INFORMATION FOOTNOTE
BIODIVERSITY
EM-EP-160a.2 Reportable Spills count 4 S-1
EM-EP-160a.2 Total Volume of Reportable Spills m3 34 S-1, S-2
EM-EP-160a.2 Total Volume of Reportable Spills - Hydrocarbon m3 8 S-1
EM-EP-160a.2 Total Volume of Reportable Spills - Non-Hydrocarbon m3 26 S-1
EM-EP-160a.1 Description of environmental management policies and practices for active sites Discussion & Analysis
ESG Report (MEG’s Approach to Sustainability, pages 5-7, Environment, page 10)
WATER MANAGEMENT
EM-EP-140a.1 Total Non-Saline Water Withdrawal thousand m3 583 W-1, W-6
EM-EP-140a.1 Total Non-Saline Water Consumed thousand m3 36 W-6
EM-EP-140a.1 Percentage of Each in Regions with High or Extremely High Baseline Water Stress Management % 0 W-5
EM-EP-140a.2 Produced Water Volume thousand m3 13,244 W-4, W-6
EM-EP-140a.2 1) Percentage Discharged % 0 W-6
EM-EP-140a.2 2) Percentage Injected % 100
EM-EP-140a.2 3) Percentage Recycled % 88
Additional information on MEG’s water performance is available in the CDP water response
See our most currentCDP Water Response
9
SASB CODE TOPIC UNITS OF MEASURE 2019 RESPONSE OR REFERENCE TO ADDITIONAL INFORMATION FOOTNOTE
WORKFORCE, HEALTH & SAFETY
EM-EP-320a.1 Employee Lost-Time Injury Frequency # of lost-time incidents x 200,000/hours worked 0 HS-1
EM-EP-320a.1 Contractor Lost-Time Injury Frequency # of lost-time incidents x 200,000/hours worked 0.15
EM-EP-320a.1 Employee Recordable Injury Frequency # of recordable incidents x 200,000/hours worked 0
EM-EP-320a.1 Contractor Recordable Injury Frequency # of recordable incidents x 200,000/hours worked 0.30
EM-EP-320a.1 Employee Fatalities count 0
EM-EP-320a.1 Contractor Fatalities count 0
EM-EP-320a.2Discussion of management systems used to integrate a culture of strategy throughout the exploration and production lifestyle
Discussion & Analysis Read More About Health & Safety onMEG’s Website
COMMUNITY RELATIONS
EM-EP-210b.1 Discussion of process to manage risks and opportunities associated with community rights and interests Discussion & Analysis
ESG Report(MEG and the Community, pages 22-23)
Read more about Community Relations onMEG’s Website
EM-EP-210b.2 Number & duration of non-technical delays #, days 0, 0 IE-3
SECURITY, HUMAN RIGHTS & RIGHTS OF INDIGENOUS PEOPLES
EM-EP-210a.3Discussion of engagement processes and due diligence practices with respect to human rights, Indigenous rights and operation in areas of conflict
Discussion & Analysis MEG does not operate in areas of conflict.
MANAGEMENT OF LEGAL & REGULATORY ENVIRONMENT
EM-EP-530a.1Discussion of corporate positions related to government regulations and/or policy proposals that address environmental and social factors affecting the industry
Discussion & AnalysisESG Report
(Wildlife Management, page 17, Health and Safety, page 19, and MEG and the Community,
page 22)
BUSINESS ETHICS
EM-EP-510a.2 Description of the management system for prevention of corruption and bribery throughout the value chain Discussion & Analysis
Human Rights Policy Statement
Business Conduct Charter
Lobbying Policy
10
F O O T N O T E SEC-1 The increase in adjusted funds flow for 2019 reflects an increase in cash operating netbacks as a result of improved AWB pricing resulting from a significant
narrowing of the WTI:AWB differential.
EC-2 The decrease in capital investment for 2019 reflects the completion of the eMSAGP project and lower overall spending in-line with the Corporation’s 2019 capital budget of $200 million.
EC-3Total assets at December 31, 2019 decreased compared to December 31, 2018, mainly as a result of depletion and depreciation charges that were in excess of capital expenditures and accelerated depreciation which was recognized during the year related to the uncertainty of future benefits associated with specific non-core assets which no longer align with the Corporation’s future development plan.
AQ-1Nitrogen oxides (NOx as NO2 equivalent) and sulphur dioxide (SO2) are by-products of the natural gas combustion process. MEG regularly tracks air emissions and reports results both internally and externally. We use a variety of methods to monitor air quality, including continuous emission monitoring systems (CEMS), ambient monitoring and stack testing among others to ensure limits and standards are met.
AQ-2The AER updated our sulphur recovery requirements and as a result we have updated our sulphur recovery strategy to reduce the amount of sulphur scavenger used. We continued to prevent associated impacts to surrounding land users and were in compliance with EPEA approval daily SO2 limit and Alberta Ambient Air Quality Objectives.
AQ-3 Our VOCs and PM decreased in 2019 due to a reduction in combustion, continued management of fugitive emissions and an update to the calculation methodology.
GHG-1 Global Warming Potential from Fourth Assessment Report (AR4) applied.
GHG-2 Scope 1 totals may not sum due to rounding.
GHG-3 In 2019 our operational GHG emissions were regulated under the Carbon Competitiveness Incentive Regulation (CCIR) which is an emissions intensity-based regime requiring large emitters to reduce their emissions intensity below a prescribed level and requires third party data assurance.
GHG-4 We generate electricity through the use of cogeneration and sell excess supply to the grid. MEG did not purchase any power in 2019.
W-2All water on the surface of the ground, including water in lakes, rivers, streams, wetlands and run-off collection ponds, natural or man-made. This water source is used for industrial purposes such as dust suppression, constructing ice roads and oil sands exploration and drilling activities. This water source is not used for oil production.
W-3 Water beneath earth’s surface and is present in pore spaces or fractures.
W-4Produced water is composed mainly of injected steam and water from the reservoir that is produced back along with the bitumen. The majority of water used in our process to generate steam is recycled produced water. The remaining water (termed make-up water which includes saline and non-saline groundwater) comes from water sources located deep underground. These water sources are unsuitable for human consumption or for agricultural purposes.
W-5 The WRI Aqueduct tool classifies overall water risk in this area as Low to Medium Risk (1-2). MEG does not currently operate in water stressed areas.
W-1
Total non-saline water withdrawal includes non-saline groundwater (defined by The Alberta Water Act (Ministerial) Regulation as water with total dissolved solids (TDS) content less than 4000 milligrams per liter (mg/L)) and surface water. Non-saline water includes groundwater used for oil production, groundwater used for potable water and surface water used for industrial purposes such as dust suppression, oil sands exploration activities and drilling activities.
11
WF-1 Methodology for reporting changed as a result of a new software system that was implemented part way through 2016. To keep data consistent, MEG will report from 2017 onwards.
WF-2 Management workforce includes employee workforce in the following management levels: Manager, Sr. Manager, Director, VP, SVP or CEO.
WF-3 Senior Management workforce includes: Director, VP, SVP or CEO.
WF-4 Given the economic climate, the employee turnover rate was higher in 2019 relative to 2018 due to an employee layoff program that was executed in February 2019.
W-6The produced water to steam ratio (PWSR) increased in 2019 and resulted in higher volumes of water being returned to the Central Processing Facility (CPF). As such, we were able to recycle more volume of produced water and help reduce the amount of make-up water (which includes saline and non-saline groundwater) required for oil production. Various optimization projects realized in 2019 also lead to the reduction in make-up water volumes.
W-7 The withdrawal of this source was significantly lower as a result of reduced construction and drilling activities in the year.
W-8 In 2019, MEG experienced the lowest make-up water withdrawal intensity in its operational history due to advantages associated with the eMSAGP process, continued optimization of recycling technology and optimization projects.
S-1 Includes spills that met the reporting threshold of a regulatory agency. A reportable spill does not indicate that the released material entered the environment or caused adverse effects.
S-2 Totals may not sum due to rounding.
HS-1 The 2019 LTIF and RIF results reflect a single contractor incident. We are pleased to report that our Christina Lake facility had no employee lost time incidents in 2019.
IE-1 All goods and/or services provided by either an Indigenous-owned company or an Indigenous joint venture.
IE-2 In 2019, our Indigenous spend decreased due to overall reduced expenditures along with increased capital efficiencies within our business functions.
IE-3In 2019, MEG began tracking this metric with reference to the SASB Oil & Gas - Exploration and Production Standard. Non-technical delays defined by SASB as shutdowns and project delays including, but not limited to, those resulting from pending regulatory permits or other political delays, community or stakeholder resistance or protest and armed conflict.
ADVISORIES: MEG has taken care to ensure that the information in this document is accurate; however, we disclaim any liability whatsoever for errors or omissions. Further, some information in this document may have been disclosed previously in other MEG public disclosure, and such disclosure is not intended in any way to be qualified, amended, modified or supplemented by information in this document. This document includes certain metrics, including emissions intensity (also referred to as GHG intensity and GHG emissions intensity in this document), which do not have standardized meanings or standard methods of calculation and therefore such measures may not be comparable to similar measures used by other companies and should not be used to make comparisons. Such metrics have been included herein to provide readers with additional information to evaluate the MEG’s performance; however, such measures are not reliable indicators of the future performance of the company and future performance may not compare to the performance in previous periods.
