Company: IMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000049938-25-000015
Chunk: 34

Company: IMPERIAL OIL LTD
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1
Chunk 34
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 oil and gas rights, and bitumen and synthetic crude oil leases, all of which are located in Canada, specifically in the western provinces, in the Canada lands and in the Atlantic offshore. 

        Developed      UndevelopedTotalthousands of acres2024 2023 2024 2023 2024 2023 Western provinces (a):Liquids and gas- gross (b)413 422 185 185 598 607 - net (c)251 253 135 135 386 388 Bitumen- gross (b)196 196 578 584 774 780 - net (c)182 182 253 255 435 437 Synthetic crude oil- gross (b)119 119 100 100 219 219 - net (c)30 30 25 25 55 55 Canada lands (d):Liquids and gas- gross (b)2 2 1,803 1,803 1,805 1,805 - net (c)2 2 495 496 497 498 Atlantic offshore:Liquids and gas- gross (b)23 65 146 146 169 211 - net (c)2 6 22 22 24 28 Total (e):- gross (b)753 804 2,812 2,818 3,565 3,622 - net (c)467 473 930 933 1,397 1,406 (a)Western provinces include British Columbia and Alberta. (b)Gross acres include the interests of others. (c)Net acres exclude the interests of others. (d)Canada lands include the Arctic Islands, Beaufort Sea/Mackenzie Delta, and other Northwest Territories. (e)Certain land holdings are subject to modification under agreements whereby others may earn interests in the company’s holdings by performing certain exploratory work (farm-out) and whereby the company may earn interests in others’ holdings by performing certain exploratory work (farm-in).

14

Western provinces 

The company’s bitumen leases include about 161,000 net acres of oil sands leases near Cold Lake and an area of about 34,000 net acres at Kearl. The company also has about 68,000 net acres of undeveloped, mineable oil sands acreage in the Athabasca region