Insight
Shutting in Canada's oil sands: like reheated leftovers, the taste isn't the same
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Déjà vu. As coronavirus destroys demand and oil pricing collapses, the Canadian oil sands are once again fighting for survival. Oil sands operators like Athabasca Oil, Suncor and ConocoPhillips have already announced production reductions and we expect to see further cuts through April and May as demand drops. There are two key considerations around potential shut ins of oil sands projects for longer durations: capital requirements to restart and reservoir damage.
Table of contents
- Executive summary
- What are the risks when turning off the steam?
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Case studies:
- Great Divide:
- Hangingstone Demonstration Project
- A less risky option: partial shut-ins
Tables and charts
This report includes the following images and tables:
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Normal operating conditionsShut-in well pairGreat Divide
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Hangingstone Demonstration Project
What's included
This report contains:
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