Canada's Oil Sands: Highlights from Q3 2013 results
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.
Table of contents
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