Perhaps you realised it the day the looked after you when you had flu, or maybe it was the time you saw her look after her friends kids and you realised what an amazing mother she is going to be. Imperial Strengths We face the future with confidence that Imperials strengths will continue to deliver strong shareholder value. These are proposals that are not solicited in any way, such as a and other materials that shows a service or a product that a business offers. As you can see, over the past 3 years, Imperial Oils Cold Lake site leads the industry in capacity utilization. We have plans in place that would double our production by 2020, as shown on this chart. Businesses such as Lubricants and Specialties and our Chemical businesses have resources dedicated to developing the next generation of products. In the upstream, their research delivers advantaged technologies while progressing significant breakthrough research.
Each of the sections has its own format, which must be followed. Read the Request for Proposal carefully. You have to implement them. Technology gives us the confidence in our ability to deliver new solutions, to invest in unconventional resources, and to continue to deliver operational excellence. For example, a former client could offer testimony that you saved their business money.
Regional inflation is an issue, particularly for oil sands activity in Fort McMurray. Now I would like to share our views on the recent business environment and, more importantly, the long-term trends that shape our business plans. From these perspectives, Canada is an excellent jurisdiction for our industry. Over about 2 cycles, recovery is up about 35%. The purpose of the pilot is to further understand productivity, but more importantly to understand and work on the cost structure of drilling in the Horn River basin. Our well honed process of design one, build many means that we can stage investment dollars and continually test the business environment for the appropriateness of an investment opportunity.
And it will require sound, stable government policies that promote a level playing field for advancing all commercially viable energy solutions. Bruce will now talk about our Downstream and Chemical business segments. You need a viable business model and the start-up capital to get your ideas off the ground. In 2007, Imperial Oil and ExxonMobil signed a management services agreement with the Syncrude owners in order to bring global best practices to bear on the Syncrude operation. By 2030, unconventional production is expected to meet well over half of the U.
Over the past 16 years, we have annually increased the dividend we paid, with a 34% increase since 2006. Underpinning these strengths are superior technology and outstanding financial strength. A copy of the script presented by the Company during the Presentation Exhibit 99. Don't exaggerate or make statements or promises that you can't substantiate. As a result, we benefit from their management systems. She is the founder of The Independent Clinician and author of and.
In these events, proposals give a buyer or a client comprehensive knowledge on what will happen during a certain service or the purchase of a product. Our improvement in sales volume per dollar of average capital employed is the envy of our Fuels marketing competitors. Agenda This morning, Imperials senior management will take you through all aspects of our business. Ill talk more about this technology on the next slide. Production from current fields declines at predictable rates.
Kearl Initial Development Since sanctioning the Initial Development two years ago the project is progressing on schedule and we anticipate first oil as originally projected in late 2012. In the conclusion, you should restate the benefits of your proposal. For example, if you propose to remodel a store, then you should include the date that you will start and when the store will be ready to reopen. While we were working hard on near term and longer term growth opportunities, much of which I will talk about a bit later, we maintained focus on achieving superior results at our existing sites. These businesses are focused on increasing margins via our own internal activities to minimize cost growth and to exceed customer expectations. By outsourcing this task, management can focus on other business priorities, such as marketing and entering new markets.
Last, we have a 100% interest in 3 trillion cubic feet of gas at Taglu, which is one of the anchor fields for the Mackenzie gas project. A future that will continue to deliver superior value to shareholders over the longer term. Canadian reporting standards require that we provide clarity with respect to the non-proved resource basis. Try to be as detailed as possible. With us today is Bruce March, chairman, president and chief executive officer of Imperial, Glenn Scott, senior vice president, resources and Paul Masschelin, senior vice president, finance and administration and treasurer. Retail Offer In our retail business, we have some superior partnerships that add value to our retail offer. As we progressed detailed engineering, it became clear that the proprietary froth treatment design could process more than the 100,000 barrels per day capacity envisioned in the three phase development plan.
We can help you put something romantic together and make it look gorgeous. The net result is that while producing more than 1 billion oil equivalent barrels over that period, and that is shown in the red bar, we grew our proved reserves by about a third, and our total reserves are shown by the blue bar on the far right. Energy efficiency of the Chemicals assets in Sarnia has also consistently outperformed the competitive industry. In our current operations and as we develop projects for the future, we will continue working to Protect Tomorrow. Oil Sands - Responsible Development The Kearl project, with next generation technology, will raise the bar for oil-sands mining both in terms of efficiency and environmental impact. As oil demand grows out to the year 2030, about 45 million barrels per day of gross capacity would be needed just to offset decline from these existing oilfields. This could be based on survey statistics or scientific studies.
Our financial position and disciplined approach means we can take advantage of conditions across the whole business cycle. Having industry leading conversion capacity and a broad set of Downstream and Chemicals businesses means we can maximize the value of all refinery feeds, including the most challenged crudes. My list of components in a business plan is largely taken from the Small Business Association website. It is purposeful in the sense that it serves as a document that tells the buyer everything they need to know to buy or invest. Find the useful tips for your speech in this post.