Insight
Canada oil sands: minding maintenance in Q2 2023
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The second quarter saw continued decreases in commodity benchmarks while WCS differentials shrunk. We address several topics facing oil sands operators and track the production performance of mining and in situ projects. Why did WCS prices behave differently to Brent and WTI? How much did planned maintenance impact Q2 production levels? What are operators doing with free cash flow? What progress industry is taking on addressing emissions reduction?
Table of contents
- Executive summary
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Benchmark crude prices
- Bitumen and SCO realisations
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Production
- Mining production
- In situ production
- Earnings and shareholder returns
- Other topics
- ConocoPhillips pre-empts 50% stake on Surmont
- Strathcona going public
- Emissions: 2021 project actuals and sustainability reports show early progress in slowing
- Pathways Alliance
Tables and charts
This report includes the following images and tables:
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Benchmark pricesBenchmark price performance
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Historical WCS differentialsRealised pricingMining project productionIn situ projects producing >40 kb/dIn situ projects producing <40 kb/dReported net earningsCorporate cash distributions since 2021Oil sands emissions
What's included
This report contains:
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