Oil sands production often decreases in the second quarter for planned maintenance work and this year saw that trend continue for both in situ and mining projects. Several projects bucked the trend and increased output. Lower global oil prices were offset by a narrow WCS differential and producers continue to keep operating costs near all time lows. The major deals of Q1 2017 closed during the second quarter and integration is off to a positive start. Cenovus continued ramp up at Christina Lake and successfully completed a turnaround at Foster Creek on time and on budget. At the Athabasca Oil Sands Project, Canadian Natural Resources reported an exit rate above plant capacity and historically low operating costs.
This report includes 2 file(s)
Canada's Oil Sands: business as usual in Q2 2017 PDF - 552.30 KB 8 Pages, 0 Tables, 10 Figures
Canada's Oil Sands Q2 2017.xlsx XLSX - 280.14 KB
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.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
Having Wood Mac analysis is table-stakes. Others are nice to have.
Analyst Metal Mining Producer
Wood Mac has the highest quality data and is demanded by our staff.
Portfolio Manager Integrated Oil Company
Others can provide data but we value the quality of the Wood Mac analysis above other sources.
As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...
Insight | Aug 2017
Canada's Oil Sands: business as usual in Q2 2017
Have questions? Just let us know how to contact you and we will respond to you as soon as possible.