ExxonMobil and its majority-owned affiliate Imperial Oil Limited (IOL) have a significant heavy-oil-asset portfolio.
Building on investments to improve reliability, the Kearl project continued strong production performance in 2019, averaging 205,000 barrels per day. Production is now forecast to increase to 220,000 barrels per day in 2020 through installation of additional ore crushing and hydrotransport capacity. We continue to deploy new technologies to enhance production and reduce operating costs. These include drone trials to assess ore quality and optimize mining plans, as well as material enhancements, estimated to double the life span of ore-processing equipment components.
Cold Lake in-situ operations delivered more than 140,000 barrels per day in 2019. Technology projects, including steam-flood optimization to enhance current production, as well as new projects in the Grand Rapids reservoir, will further strengthen the Cold Lake asset portfolio.