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Canada's Oil Sands: highlights from Q4 2014 results

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Report summary

The headline story from this quarter is the impact of low oil prices. Western Canada Select (WCS) saw an unprecedented drop from a monthly average of US$78/bbl in September to US$43/bbl in December. The value of upgraded synthetic crude oil (SCO) slipped down 22% over the quarter. New project start-ups at Husky and BP's Sunrise, Nexen's Kinosis, and Imperial Oil's Cold Lake Nabiye projects will continue to drive further production increases in 2015 as volumes ramp up.

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    Canada's Oil Sands: highlights from Q4 2014 results

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This report includes 6 images and tables including:

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  • Canada's Oil Sands: highlights from Q4 2014 results: Image 1
  • Reported price realisations
  • Canada's Oil Sands: highlights from Q4 2014 results: Image 3
  • Mining production flat on aggregate at 883,000 b/d in Q4
  • Canada's Oil Sands: highlights from Q4 2014 results: Image 5
  • Canada's Oil Sands: highlights from Q4 2014 results: Image 6

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