Imperial achieves first oil from Grand Rapids; 40% lower emissions, 15,000 bpd

IMPERIAL OIL LTD

First oil from Grand Rapids SA-SAGD project at Cold Lake using solvent-assisted technology.
Expected to reduce GHG emissions intensity up to 40% vs. existing processes; full rate 15,000 bbl/d.
Project completed more than a year ahead of original schedule.
Supports Imperial's goal of 30% reduction in operated oil sands emissions intensity by 2030 from 2016 levels.
CEO Brad Corson: milestone in lowering emissions and delivering shareholder value through cost reductions.

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