Imperial today announced its intention to market its interests in the Norman Wells operation in the Northwest Territories.
A definitive decision to sell the assets has not been made. Imperial recognizes the significance of this marketing effort and potential sale for people in the area and is in dialogue with Sahtu leaders about its plans. The marketing effort is expected to commence in the third quarter of 2016.
The Norman Wells assets include producing wells on natural and artificial islands in the Mackenzie River and a central processing facility, which also generates electricity for the town of Norman Wells. Gross production at Norman Wells averaged 11,000 barrels per day in 2015. A fuels distribution terminal is also being marketed.