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Canada's Oil Sands: a pipeline bonanza in Q4 2016


Canada's Oil Sands: a pipeline bonanza in Q4 2016

Report summary

Oil sands production and price realisations improved quarter on quarter. Production is at an all time high of over 2.45 million b/d. The industry benefited from incremental brownfield expansions and an appreciation of benchmark crudes in the wake of OPEC production cuts. Operating costs crept up 2% over the quarter, but were largely offset by material increases in price realisations that lead to improved netbacks across the region.

What's included?

This report includes 2 file(s)

  • Canada's Oil Sands: a pipeline bonanza in Q4 2016 PDF - 347.15 KB 8 Pages, 1 Tables, 9 Figures
  • Canada's Oil Sands a pipeline bonanza in Q4 2016.xls XLS - 589.00 KB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • Executive summary
  • Benchmark oil prices and bitumen realisations
    • Realised prices in Cdn$/bbl
  • In situ production
  • Operating costs
  • Significant events
    • Canadian government approves Trans Mountain Expansion and Line 3 Replacement pipelines
    • U.S. President Donald Trump signs executive order to expedite Keystone XL Pipeline decision
    • Statoil makes its exit
    • MEG applies for 164,000 bbl/d May River project
    • Syncrude nears name plate capacity
    • Capital expenditures decrease, but certain operators are ramping up

In this report there are 10 tables or charts, including:

  • Executive summary
  • Benchmark oil prices and bitumen realisations
    • Benchmark prices
    • Historical Western Canada Select prices
    • Canada's Oil Sands: a pipeline bonanza in Q4 2016: Image 3
  • In situ production
    • In situ projects <35,000 bbl/d
    • In situ projects <35,000 bbl/d
    • Mining project production
  • Operating costs
    • Operating costs for select projects
  • Significant events
    • Syncrude improvements
    • Syncrude cost sensitivity
    • Spending budgets for oil sands operators
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