Imperial Oil
Originated in 1880, Imperial Oil Limited, or Compagnie Pétrolière Impériale Ltée in French; is considered Canada's second-biggest petroleum company and the largest market producer of polyethylene in North America. [1] It is also a significant producer of crude oil, diluted bitumen, and fossil gas; supplying all the 1,770 Esoo-brand retail service stations.[2] In 1880 Imperial operated 16 refiners in Southwest Ontario then later acquired and discovered oil at Leduc in 1947, becoming one of Canada's leading oil figures.
Out of the three refineries it runs, it produces around 421,000 barrels of crude oil and gas liquids with a capacity of 9,000 barrels per day of lubricant and holds 4.5 million net acres of conventional developed and undeveloped land in western and northern Canada.
Investors and Partners
Imperial Oil Limited is also 69.6 percent owned by ExxonMobil and considers it a key petrochemical producer.
ExxonMobil is also the owner and operator of oil and gas projects in the Atlantic Canadian offshore and holds petroleum assets in Western and Northern Canada; all of which are operated by Imperial. [3]. Exxon holds interest in the Maritimes and Northeast pipelines and Newfound Transshipment Terminal Ltd.
Tar Sands
Kearl Oil Sands
Located in Fort Mcmurray, Alberta, The Kearl mine is one of Canada's largest oil sand deposits with a capacity of 220,000 barrels per day. The mining area contains approximately 4.6 billion barrels of bitumen.[4] Its ownership is divided among Imperial Oil responsible for 71% and ExxonMobil for 29%.[5]
- ↑ https://corporate.exxonmobil.com/locations/canada/imperial-oil-in-canada#Downstreamactivities
- ↑ https://www.sec.gov/Archives/edgar/data/49938/000119312509117925/dex991.htm
- ↑ https://corporate.exxonmobil.com/locations/canada
- ↑ https://www.kiewit.com/projects/kearl-oil-sands-project/
- ↑ https://www.oilsandsmagazine.com/projects/imperial-oil-kearl-mine