Pembina
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| Main Properties: | Pembina Cardium, Carrot Creek, Cherhill, Bigoray, Lobstick,Berland River, North Pembina Cardium Unit, Hanlan |
| Production Mix: | 55% light crude oil 37% natural gas 8% NGL |
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Pembina produces high-netback, long-life, low-decline light oil and liquids-rich natural gas with an average working interest of approximately 87 percent.
The group of properties is centred on the large, long-life Cardium oil pool. The pool's secondary recovery phase is currently being optimized while the Trust's EOR team prepares the plans to expand the CO2 flood to other areas. (click here for more info on EOR).
The Pembina field team's overall focus is on low-risk drilling and low-cost optimization opportunities that are aimed at maximizing income for the Trust's unitholders and reinvestment capital for Penn West's long-term growth plays. Costs are kept down and returns maximized by exploiting Penn West's extensive and dominant network of operated infrastructure, which includes seven gas plants, numerous oil batteries and over 3,000 kilometres of oil and gas gathering lines.
The Pembina Cardium pool is surrounded by lightly drilled lands that management believes have many years worth of opportunities for conventional exploration and development of shallow and deep targets. Pembina has an array of multi-zone potential throughout the area, including the Edmonton Sands, Belly River, Cardium, Glauconite, Ellerslie, Rock Creek, Pekisko, Banff and some deep Swan Hill zones.
