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Canada's Oil Sands: M&A dominates Q1 2017

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Report summary

Oil sands headlines in Q1 2017 were dominated by two blockbuster M&A transactions for a combined US$23 billion. The recent transactions follow a wave of consolidation in the oil sands and now over 70% of oil sands production is concentrated in the hands of four of Canada's largest producers: Suncor CNRL Imperial Oil and Cenovus. Underneath the M&A headlines oil sands production continues to increase and reached a new quarterly high of 2.47 million b/d an increase of 9% from Q1 2016. Production growth has mostly been driven by the ramp up of new phases notably: Horizon Phase 2B Surmont Phase 2 Christina Lake Phase F Foster Creek Phase G and Sunrise Phase 1.

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    Canada's Oil Sands Q1 2017.xls

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    Canada's Oil Sands: M&A dominates Q1 2017

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Table of contents

Tables and charts

This report includes 11 images and tables including:

Images

  • Benchmark prices
  • Benchmark price performance since Jan-2014
  • Historical WCS prices
  • In situ projects producing >40,000 b/d
  • In situ projects producing <40,000 b/d
  • Canada's Oil Sands: M&A dominates Q1 2017: Image 7
  • Mining operating costs
  • In situ operating costs
  • Steam oil ratio vs. average production per well
  • Production per well distribution curve
  • Canada's Oil Sands: M&A dominates Q1 2017: Image 4

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