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Canada's Oil Sands: highlights from Q1 2015 results

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Report summary

Amidst low oil prices, Canada's oil sands production continues to climb. Growth in the in situ sector continued with production increasing by 33,000 b/d quarter-on-quarter. Production at the mining sites expanded by 141,000 b/d from the previous quarter's levels. Despite strong production gains, the headline story over the quarter was the low oil price, with the Synthetic Crude Oil (SCO) realised price falling 32% quarter-on-quarter.

What's included

This report contains

  • Document

    Canada's Oil Sands: highlights from Q1 2015 results

    PDF 359.51 KB

Table of contents

  • Executive summary
  • Prices stabilise and begin to recover, WCS better than most
    • Can producers capture cost deflation?
  • Transportation
    • Mining production ramps up
    • In situ production grows 3%
  • Turnarounds move forward in schedule
  • Other notable events
  • Economic assumptions

Tables and charts

This report includes 8 images and tables including:

Images

  • Brent and WTI begin to recover
  • Historical WCS price (2009-2015)
  • Reported price realisations
  • New build SAGD project sensitivity to cost
  • Canada's Oil Sands: highlights from Q1 2015 results: Image 5

Tables

  • Key project announcements
  • Canada's Oil Sands: highlights from Q1 2015 results: Table 2
  • Canada's Oil Sands: highlights from Q1 2015 results: Table 3

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