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Oil sands operators witnessed an eventful second quarter as natural disasters, man-made incidents, lease cancellations, and external market forces posed challenges. Bitumen price realisations improved Cdn$20/bbl from the Q1 average.
This report contains
Canada's Oil Sands: Highlights from Q2 2013
Table of contents
Average bitumen realisation improves by Cdn$20/bbl boosting players' netbacks
Kearl ramping up, while other projects underwent turnaround downtime
Bitumen seepage at Canadian Natural's Primrose to impact 2014 production
Oil sands leases exchange hands and others cancelled outright