1. Enhance Energy- Project Overview
J.P. Jepp and Brendan McGowan
September 19, 2019

2. agenda What is the Alberta Carbon Trunk Line Project?
Who is Enhance Energy?
Enhance Energy: C02-EOR
Capture Facilities
Pipeline Facilities
Injection and Production Facilities
Enhance Energy: Low-Carbon Low-Cost Oil Production
ACTL and CO2-EOR: Positioned for Growth in Alberta

3. The alberta Carbon Trunkline project
(3,500-4,400 T/d)
(800 T/d)
(40,000 Hp compression, 240 Km pipeline)
(CO2 EOR)
CO2 supply - NWRP, Nutrien, otherwise vented
Wolf Carbon Solutions
midstream services provider of compression and transport, build, own operate system
CPPIB backed, open system, financial depth,
Enhance
- the buyer and financial backstop for the entire system, pay for CO2, pay Wolf for services to recover capital
sequester CO2 under regulated protocol and monitoring
maintain ultimate liability for CO2
produce low cost, low carbon energy
GOA – funded 300 MM by end of 2019, highway 2, excess capacity 8 times initial volumes, open systme
Canada - under 2 grant programs, aligned goals with Alberta

4. The alberta carbon trunkline Project
Integrated Carbon Capture, Transport, Utilization and Storage
Over $1 B capital invested by end of 2019
World’s largest capacity pipeline system dedicated to anthropogenic CO2
History of Enhance, CO2 EOR, Weyburn analogy
Describe assets
Funding allowed Highway 2 vs grid road
$1 B invested by first injection of CO2 ($300 MM of funding at that time)

5. Who is Enhance Energy?
Why To support the sustainability of our planet by being a key contributor to the supply of low cost, low carbon energy. How Pursue efficient, low cost, and innovative Carbon Capture Utilization and Storage alternatives that will reduce the carbon intensity of fossil fuels. Strategy Develop the expertise, technology, experience and critical infrastructure necessary to capture carbon for the purpose of Enhanced Oil Recovery and permanent CO2 sequestration.

6. Who is Enhance Energy? 5000 t/day injection is equivalent to:
325 new Goodyear NT New Zeppelin Blimps
(at atmospheric pressures)
144 Transport Trucks
(at the same operating pressures as pipeline)
Does this project make a difference, yes
Climate Leadership Plan – goals were 60 Mt.yr by 2030
At ACTL capacity of 14.6, approx. 25% of total goal and 50% of oil and gas targets
Removing 325,000 cars off the road

7. Enhance Energy: CO2 EOR CO2 EOR not new, Canada, US experience
Proven technology, in all areas, transport, compression, injection, production
Q: how much CO2 stays in the ground, A: all of it
It is a closed loop system
CO2 mixes w/ oil and pushes to prod’n wells, water included
Separate and then reinjection (recycle), sell oil
At end of day, stop injection, stop production, permanent storage
It will stay in the ground

8. Enhance Energy: CO2 EOR
Extension of Field Life & Economic Activity for Decades
Historical Drilling Provides Valuable Reservoir Information
1950’s
2018
2020
2050’s
Injection Operations are Common Oilfield Practice
Permanent Containment Verified by Industry CCUS Experts
Incremental Oil Reserves Create Royalty, Job, Economic Value
- Will the CO2 stay in the ground?
Putting CO2 back where it came from
Low environmental footprint with use of existing leases, and other existing infrastructure
Known capacity to store CO2

9. Capture facilities- Site

10. capture facilities- Nutrien Site Development
(Photos- August 9, 2019)

11. Capture Facilities- Main Compressor Site Development
Photos August 02, 2019

12. Pipeline Facilities- Site Development
Pipeline is >75% complete
Engineering & procurement on the facilities is nearing completion
ACTL and Capture facilities are on track to be commissioned in Q4 2019

13. Injection and Production Facilities- Clive Field
Existing Clive central processing facility
Modifications required to handle CO2 and additional fluids
Utilizes existing surface lease
Battery is down for construction to integrate CO2 facilities
Notes:

14. Clive Development Plan
Phase 1 Area – 2019/2020
$125MM in capital
New production and injection wells
New CO2 injection and production pipelines
Central Facility Expansion
60MMcf/day recycle compression
Designed to inject up to 5,000 tonnes/day of CO2
- As we speak we are developing in Central Alberta, locals are supportive and aware
Have kept head down but now getting interest, CBC and others

15. Enhance Energy: Low-Carbon Low-Cost Oil Production
Tonnes/barrel
CO2 emissions from oil production and combustion
0.40
CO2 permanently sequestered in EOR
0.25 to 0.70
Net CO2 emissions
0.15 to -0.3 (sink)
→ CO2-EOR produces low-carbon oil. Exactly what markets are seeking more of on a forward basis.
Opportunity is “ours to lose” Why?
We have emissions, CCUS experience, WCSB, and now the ACTL
(1)

16. Enhance Energy: Low-Carbon Low-Cost Oil Production
Resource Development
Jobs
Access to 1 Billion Barrels Incremental
Reserves from Mature Fields
30,000 Man-Years of Employment from Phase 1 Alone
Royalties
GHG Emissions
CO2
Opportunity is “ours to lose” Why?
We have emissions, CCUS experience, WCSB, and now the ACTL
Potential for $Billions Additional Royalties
Access to Megatonnes of Permanent CO2 Sequestration
(1)

17. ACTL and CO2-EOR: positioned for growth in alberta
Top 200 large emitters together > 148 MMTpa
Western Canada Sedimentary Basin – centuries of EOR & storage capacity
ACTL has room for growth-
current two sources approximately 15% of 40,000 tonne/day line capacity
risers at regular intervals
Opportunity is “ours to lose” Why?
We have emissions, CCUS experience, WCSB, and now the ACTL
(1)

18. Supporting the sustainability of our planet….
Thank You
Notes:
Supporting the sustainability of our planet….