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8 Pages

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


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  • 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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