Insight
Shutting in Canada's oil sands: like reheated leftovers, the taste isn't the same
Report summary
Déjà vu. As coronavirus destroys demand and oil pricing collapses, the Canadian oil sands are once again fighting for survival. Oil sands operators like Athabasca Oil, Suncor and ConocoPhillips have already announced production reductions and we expect to see further cuts through April and May as demand drops. There are two key considerations around potential shut ins of oil sands projects for longer durations: capital requirements to restart and reservoir damage.
Table of contents
- Executive summary
- What are the risks when turning off the steam?
-
Case studies:
- Great Divide:
- Hangingstone Demonstration Project
- A less risky option: partial shut-ins
Tables and charts
This report includes 6 images and tables including:
- Normal operating conditions
- Shut-in well pair
- Great Divide
- Hangingstone Demonstration Project
What's included
This report contains:
Other reports you may be interested in
Asset Report
Beal Mountain (Closed) gold mine
A detailed analysis of the Beal Mountain (Closed) gold mine.
$2,250
Commodity Market Report
Macro oils short-term outlook: April 2024
This quarter’s tighter fundamentals provide support to prices as the oil market focuses on political risk
$2,000
Asset Report
Voyageur Upgrader
The Voyageur Upgrader will process and upgrade bitumen from the Athabasca oil sands deposit in northeastern Alberta. If sanctioned, ...
$3,100