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7 Pages

Canada's Oil Sands: highlights from Q2 2015 results

Canada's Oil Sands: highlights from Q2 2015 results

Report summary

The oil sands industry remained in the news during Q2 2015 – not much of which was positive. Forest fire shut-ins and planned maintenance turnarounds lowered production from the Q1 peak. A pipeline leak at Nexen's Long Lake project is being cleaned up and investigated by the Alberta Energy Regulator. Benchmark and Western Canada Select (WCS) crude prices, while improved in Q2 versus Q1, again showed weakness in July and early August.

What's included?

This report includes 2 file(s)

  • Canada's Oil Sands: highlights from Q2 2015 results PDF - 360.44 KB 7 Pages, 0 Tables, 9 Figures
  • Canada's Oil Sands highlights from Q2 2015 results.xls XLS - 386.50 KB


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  • Executive summary
  • Prices improve in Q2 before sliding in July
  • Production declines from maintenance turnarounds
    • Mining production sees three projects enter and exit planned downtime
    • In situ production declines 7%
      • Forest fires
      • Cost decreases are becoming visible
        • Capital expenditures
        • Scrutiny on operating costs has delivered noticeable results for SAGD projects
      • Regulatory changes afoot
      • Other notable events

In this report there are 9 tables or charts, including:

  • Executive summary
  • Prices improve in Q2 before sliding in July
    • Benchmark prices through early-August
    • Historical WCS price (2009-2015)
    • Reported price realisations to WTI
  • Production declines from maintenance turnarounds
    • Canada's Oil Sands: highlights from Q2 2015 results: Image 4
    • In situ projects producing >30,000 b/d
    • In situ projects producing <30,000 b/d
    • Capital costs for selected projects
    • SAGD projects
    • Mining projects
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