CALGARY, Sept. 4, 2018 /CNW/ – MEG Energy Corp. (TSX: MEG) (“MEG” or the “Company”) is pleased to announce the appointment of Chi-Tak Yee, currently Senior Vice President, Operations, Resource & Technology Development, to the position of Chief Operating Officer (COO).
Mr. Yee joined MEG in 2004, and has been instrumental in the Company’s technical leadership and operational success in the thermal development of its Christina Lake asset.
“Under Chi-Tak’s leadership, MEG’s operational team has successfully implemented industry-leading technologies that have advanced thermal recovery in the oil sands and significantly lowered the overall cost structure of the business,” said Derek Evans, President and Chief Executive Officer. “Speaking on behalf of the entire board, we believe that Chi-Tak’s appointment to COO recognizes the exceptional work he has accomplished to-date, and will further strengthen MEG’s ability to continue to deliver operational excellence as we enter our next stage of growth and value creation.”
Mr. Yee has over 33 years of experience in the oil and gas industry, primarily in thermal recovery. He has held various senior positions in the Company including oversight for reservoir management and project development, facility operations, cost leadership, and technological development and application. In his most recent role as the Senior Vice President, Operations, Resource & Technology Development, Mr. Yee had leadership responsibility for approximately 70% of the Company’s workforce. Prior to joining MEG, he held technical engineering and leadership roles with Petro-Canada and Imperial Oil. Early in his career, Mr. Yee studied under and worked with Dr. Roger Butler at the Underground Test Facility (UTF), where he provided reservoir and production engineering leadership in the first successful field demonstration of the steam assisted gravity drainage (SAGD) process in the Athabasca region using surface drilled horizontal well pairs. Mr. Yee holds a Bachelor of Science and a Master of Science in Chemical and Petroleum Engineering from the University of Calgary, and is a registered professional engineer in Alberta.
About MEG Energy Corp.
MEG Energy Corp. is focused on sustainable in situ oil sands development and production in the southern Athabasca oil sands region of Alberta, Canada. MEG is actively developing enhanced oil recovery projects that utilize SAGD extraction methods. MEG’s common shares are listed on the Toronto Stock Exchange under the symbol “MEG”.