Insight
Canada's oil sands: profits and expansions in Q3 2017
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Oil sands production in Q3 2017 reached new heights as both in situ and mining projects helped the sector to achieve a record-setting quarter. The continued ascent of oil sands production is accelerated by expansions from Canadian Natural Resources and new projects from Brion Energy and JACOS. The momentum observed in Q3 will continue through to the end of the year and into 2018 with the imminent completion of the Fort Hills project. Imperial Oil is also expected to increase production through a debottlenecking at its Kearl mine over the next two years, while Husky is seeking regulatory approval to begin construction on its McMullen Willow Creek project.
Table of contents
- Executive summary
- Benchmark oil prices and bitumen realisations
- In situ production
- Mining production
- Operating costs
- Pipeline roundup
-
Significant events
- Highlights from Imperial business update webcast
- ConocoPhillips investigates the use of Non-Condensable Gas Co-Injection at Surmont
- Cenovus appoints new CEO
- Husky files application for McMullen Willow Creek oil sands project
- PTTEP puts Mariana oil sands project on hold
- Canada bids farewell to the proposed Energy East Project
- Osum Oil Sands approves expansion at Orion project
Tables and charts
This report includes the following images and tables:
- Benchmark pricing
- Benchmark price performance
- Historical WCS prices
- Realised prices in Cdn$/bbl
- In situ projects producing >40,000 b/d
- In situ projects producing <40,000 b/d
- Mining project production
- Mining operating costs
- In situ operating costs
What's included
This report contains:
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