Slop oil is a waste product that is typically composed of crude oil, water and waste solids and can contain various contaminants like hydrogen sulphide. The Canadian company pleaded guilty under the Environmental Protection Act in a provincial court on Sept. 16, a spokesperson said, for an occurrence on April 15, 2021, where nearly 1,150 litres (7.3 barrels) of slop oil was discharged. Imperial has 90 days to pay the fine along with a victim fine surcharge of C$225,000.
IMO expects a capital spending budget of C$1.7 billion for 2024, with the Upstream segment's production expected at 420,000-442,000 gross oil-equivalent barrels per day.