Canadian oil sands: SAGD project cost inflation

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26 November 2013

Canadian oil sands: SAGD project cost inflation

Report summary

Wood Mackenzie has developed a proprietary model which forecasts cost inflation specific to SAGD (Steam Assisted Gravity Drainage) operations in the Canadian Oil Sands. Our analysis shows that capex inflation will peak in 2014 at 5% annual increase before moderating in 2015. Opex inflation on the other hand will continue to be high, averaging a 6% year-on-year increase over the next five years. Strengthening gas prices and continued stress in the oil sands labour markets will impact...

Table of contents

Tables and charts

This report includes 15 images and tables including:

  • Assumptions for generic SAGD project
  • Assumptions for High/Low inflation scenarios
  • Canadian oil sands production
  • SAGD capex category weightings
  • Canadian oil sands: SAGD project cost inflation: Table 1
  • SAGD Capex Index (100 = 2000)
  • SAGD Capex Index
  • SAGD opex category weightings
  • Opex sub-indices and weightings
  • Labour inflation
  • Gas price inflation
  • SAGD Opex Index (100 = 2000)
  • SAGD Opex Index
  • Generic SAGD project valuations
  • SAGD project economics inflation sensitivity

What's included

This report contains:

  • Document

    Canadian oil sands: SAGD project cost inflation

    PDF 595.98 KB

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