Canada oil sands key play
Canada's oil sands hold a massive known resource base of 150 billion recoverable barrels. Our oil sands key play report breaks down the projects to the phase level to understand what makes the sector tick. A total of 76 phases, covering 35 projects, are assessed and benchmarked to understand the opportunities as well as the risks. 2021 has been a story of recovery for the oil sands which were hit hard by the 2020 oil price crash. While capital discipline has remained paramount, recovering prices have turned negative cashflows back into positive and we now model close to US$100 billion post-tax NPV10 remaining.