Insight
Canada's Oil Sands: Imperial announces first production from Kearl
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The start-up of Imperial and ExxonMobil's Kearl makes it the first oil sands mining project without an associated upgrader. Phase 1 will incrementally ramp up to its design capacity of 110,000 b/d over the course of 2013. We value Kearl, including the first two phases and subsequent debottlenecking, at Cdn$13.8 billion (US$12.8 billion).
Table of contents
- Kearl's Phase 1 on its way to 110,000 b/d
- Phase 2 and beyond will push to 345,000 b/d
- Positive project economics despite cost overrun
- First mining project to market non-upgraded product
- What next for oil sands mining sector?
- Appendix – Economic assumptions and company refining positions
Tables and charts
This report includes the following images and tables:
- Changes to WTI pricing relationship yield massive value swings for both Kearl phases
- Kearl now the fifth and most north-easterly onstream mining project
- ExxonMobil and Imperial benefit from a large and diverse North America refining presence
What's included
This report contains:
Other reports you may be interested in
Asset Report
Caratinga Area
The Caratinga area comprises the Caratinga deepwater post-salt oil field and the Carimbe discovery.
$3,720
Asset Report
Jolliet/Marquette
The Jolliet (GC 184)/Marquette (GC 52) development encompasses two small, mature oil and gas fields located in the Green Canyon ...
$3,720
Asset Report
Albacora Area
Albacora was one the first major deep-water developments undertaken by Petrobras. Its discovery in 1984, along with Marlim in the ...
$3,720
