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Canada's Oil Sands: Highlights from Q3 2013 results


Canada's Oil Sands: Highlights from Q3 2013 results

Report summary

Final investment decisions at Fort Hills and Carmon Creek captured the oil sands headlines in Q3.  Both decisions are positive signposts and provide greater certainty around continued oil sands production growth post-2017.  Also noteworthy were new phase start-ups at CNRL Kirby, MEG Christina Lake 2B and Christina Lake Phase E.  Price realisations continued their quarter-on-quarter climb but more recent data indicates prices have since dropped during Q4 for both bitumen and SCO.

What's included?

This report includes 2 file(s)

  • Canada's Oil Sands: Highlights from Q3 2013 results PDF - 602.50 KB 6 Pages, 1 Tables, 6 Figures
  • Canadas Oil Sands Highlights from Q3 2013 results November 2013.xls XLS - 289.00 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.

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  • Price realisations reach historic highs in Q3, but trending downwards in Q4
  • In situ production also increases quarter-on-quarter boosted by new project start-ups
  • Final investment decisions taken at Fort Hills and Carmon Creek
    • Carmon Creek production and cash flow profile
  • 2014 budgets indicate another robust year of spending
  • Oil sands transport via rail is poised to increase
  • Economic Assumptions

In this report there are 7 tables or charts, including:

  • Price realisations reach historic highs in Q3, but trending downwards in Q4
    • Mining production trends
    • In situ production trends
  • In situ production also increases quarter-on-quarter boosted by new project start-ups
    • Long Lake and Kai Kos Dehseh Leismer monthly production and SOR
  • Final investment decisions taken at Fort Hills and Carmon Creek
    • Canada's Oil Sands: Highlights from Q3 2013 results: Image 6
  • 2014 budgets indicate another robust year of spending
  • Oil sands transport via rail is poised to increase
    • Canada's Oil Sands: Highlights from Q3 2013 results: Table 1
  • Economic Assumptions
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