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Canada's Oil Sands: a pipeline bonanza in Q4 2016
*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 and price realisations improved quarter on quarter. Production is at an all time high of over 2.45 million b/d. The industry benefited from incremental brownfield expansions and an appreciation of benchmark crudes in the wake of OPEC production cuts. Operating costs crept up 2% over the quarter, but were largely offset by material increases in price realisations that lead to improved netbacks across the region.
Table of contents
- Executive summary
-
Benchmark oil prices and bitumen realisations
- Realised prices in Cdn$/bbl
- In situ production
- Operating costs
-
Significant events
- Canadian government approves Trans Mountain Expansion and Line 3 Replacement pipelines
- U.S. President Donald Trump signs executive order to expedite Keystone XL Pipeline decision
- Statoil makes its exit
- MEG applies for 164,000 bbl/d May River project
- Syncrude nears name plate capacity
- Capital expenditures decrease, but certain operators are ramping up
Tables and charts
This report includes the following images and tables:
- Benchmark prices
- Historical Western Canada Select prices
- In situ projects <35,000 bbl/d
- In situ projects <35,000 bbl/d
- Mining project production
- Operating costs for select projects
- Canada's Oil Sands: a pipeline bonanza in Q4 2016: Image 3
- Syncrude improvements
- Syncrude cost sensitivity
- Spending budgets for oil sands operators
What's included
This report contains:
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