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8 Pages

Canada's Oil Sands: business as usual in Q2 2017


Canada's Oil Sands: business as usual in Q2 2017

Report summary

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.

What's included?

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

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
  • In situ production
  • Mining production
  • Operating costs
  • Market performance compared to US Permian focused firms
  • Significant events
    • A new era begins in the oil sands
    • Capex adjustments
    • A WCS renaissance?
    • Total disputes Fort Hills costs

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

  • Executive summary
  • Benchmark oil prices and bitumen realisations
    • Benchmark Pricing
    • Benchmark price performance
    • Historical WCS prices
    • Realised prices in Cdn$/bbl
  • In situ production
    • In situ projects producing >40,000 b/d
    • In situ projects producing <40,000 b/d
  • Mining production
    • Mining project production
  • Operating costs
    • Mining operating costs
    • In situ operating costs
  • Market performance compared to US Permian focused firms
    • Comparison of share price performance
  • Significant events
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