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Strathcona Resources budgets $450 million on Lloydminster

For 2024, Strathcona Resources has a $450 million budget for Lloydminster.

The Calgary-based company says it wants to spend $300 million on Lloydminster heavy oil, $200 million on Cold Lake thermal energy, and $300 million on Montney liquids-rich gas.

About $150 million will go to Lloydminster heavy oil to support steam generation at Meota, Saskatchewan, and increase the polymer flood pilot at Bellis, just east of Smoky Lake.

The details were released in the company’s third-quarter financials on Nov. 13.

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