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Oil Sands Industry in Canada, 2011 - Market Analysis, Competitive Landscape and Production Forecasts to 2015 - Product Image

Oil Sands Industry in Canada, 2011 - Market Analysis, Competitive Landscape and Production Forecasts to 2015

  • Published: December 2011
  • Region: Canada
  • 46 pages
  • GlobalData

FEATURED COMPANIES

  • Imperial Oil Limited
  • Royal Dutch Shell
  • Suncor Energy Inc.
  • Syncrude Canada Limited
  • MORE

Oil Sands Industry in Canada, 2011 - Market Analysis, Competitive Landscape and Production Forecasts to 2015

Summary

“Oil Sands Industry in Canada, 2011 – Market Analysis, Competitive Landscape and Production Forecasts to 2015”, is the latest report from GlobalData, the industry analysis specialists, that analyzes the oil sands industry in Canada. The report provides information about Canada’s oil sands market until 2015. The report provides information on key oil sands projects and key companies in three major oil sands regions of Alberta: Athabasca, Cold Lake and Peace River. The report also provides key drivers and challenges for the industry in the current industry environment. The report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData’s team of industry experts.

The high crude oil price in the global market has made it economical and lucrative to develop the oil sands in Canada that require unconventional methods for the extraction of crude oil. Unconventional methods of extraction incur higher costs than conventional methods due to the use READ MORE >

1
1

1.1 List of Tables
1.2 List of Figures
2 Introduction
2.1 Overview
2.2 GlobalData Report Guide
3 Oil Sands in Canada
3.1 Oil Sands Industry in Canada, Overview
3.2 Extraction Methods and Transportation of Oil Sands Deposits
3.2.1 Extraction
3.2.2 Transportation
3.3 Contribution of Oil Sands in Canada’s Total Oil Production
3.4 Oil Sands Development Regulatory Authorities
4 Oil Sands in Canada - Drivers and Challenges
4.1 Canada Offers a Favorable Business Environment for Oil and Gas Investors
4.2 Over 97% of Canada’s Oil Reserves are in the Form of Oil Sands
4.3 High Crude Oil Prices Support the In-Situ Production of Bitumen in Canada
4.4 The Increasing Preference of the US to Source Oil from the Western Hemisphere will Drive the Development of Canada’s Oil Sands
4.5 Canada Needs to Export its Heavy Oil to Markets Beyond the US
4.6 Production of Oil from Oil Sands Requires Huge Amount of Water
4.7 The General Public Believes that the Production of Oil from Oil Sands Releases More Greenhouse Emissions
5 Oil Sands in Canada - Project Economics
5.1 Oil Sands in Canada, Production Economics
5.2 Capital and Operating Expenditure on Oil Sand Projects, 2005 - 2010
5.3 Capital and Operating Expenditure by Recovery Technologies, 2010
5.4 Capital and Operating Expenditure on Upgraders, 2010
5.5 Key Factors Influencing Capex and Opex in Oil Sand Projects
5.5.1 Geological Challenges Influencing Costs
6 Oil Sands in Canada - Project Information by Region and Recovery Technology
6.1 Oil Sands in Canada, Top Five Operating Projects, 2011
6.2 Bitumen Production Capacity by Region and Recovery Technology, 2005-2010
6.2.1 Oil Sands Projects in Canada, 2011
6.2.2 Bitumen Production in the Athabasca, Cold Lake and Peace River Regions
6.2.3 Bitumen Production Using Mining and in-Situ Techniques
6.3 Heavy Oil Upgraders, Project Information and Production Trends, 2005-2010
7 Oil Sands in Canada - Key Upcoming Oil Sands Projects and Production Forecasts, 2011-2015
7.1 Oil Sands in Canada, Major Planned Projects, 2011-2015
7.2 Bitumen Production Forecasts by Region and Recovery Technology, 2011-2015
7.3 Heavy Oil Upgraders, Project Information and Upgraders Capacity Forecast, 2011-2015
8 Oil Sands in Canada - M&A Activities and Investments
8.1 Canadian Oil Sands Industry, M&A Deals and Asset Transactions, 2007 - Q3 2011 - Overview;
8.2 Canadian Oil Sands Industry, Top Five M&A Deals and Asset Transactions, 2007 - Q3 2011
8.2.1 Acquisition of Western Oil Sands by Marathon Oil
8.2.2 ConocoPhillips’s Sells its 9% Stake in Syncrude Canada to Sinopec International Petroleum
8.2.3 Acquisition of Harvest Energy Trust by Korea National Oil Corporation
8.2.4 Acquisition of a 40% Interest in Statoil Canada by PTT Exploration and Production
8.2.5 CNOOC to Acquire OPTI Canada
9 Oil Sands in Canada - Major Companies and Competitive Landscape
9.1 Oil Sands in Canada - Production by Companies, 2010
9.2 Oil Sands in Canada- Operational Analysis of Key Oil Sands Companies, 2010
9.2.1 Syncrude Canada Limited
9.2.2 Suncor Energy Inc.
9.2.3 Canadian Natural Resources Limited
9.2.4 Royal Dutch Shell
9.2.5 Imperial Oil Limited
10 Appendix
10.1 Market Definition
10.2 Abbreviations
10.3 Methodology
10.3.1 Coverage
10.3.2 Secondary Research
10.3.3 Primary Research
10.3.4 Expert Panel Validation
10.4 Contact Us
10.5 Disclaimer
10.6 Source

1.1 List of Tables
Table 1: Oil Sands in Canada, In-Place Volumes and Established Reserves of Crude Bitumen in Alberta Province, Billion Barrels, 2010
Table 2: Oil Sands Industry in Canada, Capacity of Major Crude Oil Pipelines Exiting Western Canada, 2011
Table 3: Oil Sands in Canada, Oil Sands and Conventional Oil Production, Thousand Barrels per Day (Mbbl/d), 2005-2010
Table 4: Oil Sands in Canada, Regulatory Authorities, June 2011
Table 5: Oil Sands in Canada, Operating and Planned Crude Oil Pipelines to the US Gulf Coast, 2011
Table 6: Oil Sands in Canada, Major Investments and Partnerships by Asian Companies, 2010 - 2011
Table 7: Oil Sands in Canada, Crude Oil Imports to the US by Area, 2010
Table 8: Oil Sands in Canada, Production Economics, 2010
Table 9: Oil Sands in Canada, Capex and Opex in Oil Sands Projects, CADm, 2005 - 2010
Table 10: Oil Sands in Canada, Capex and Opex by Recovery Technologies, CADm, 2005 - 2010
Table 11: Oil Sands in Canada, Capex and Opex on Upgraders, CADm, 2005 - 2010
Table 12: Oil Sands in Canada, Top Five Operating Projects, 2011
Table 13: Oil Sands in Canada, List of Projects in Oil Sands, 2011
Table 14: Oil Sands in Canada, Bitumen Production by Region, Mbbl/d, 2005-2010
Table 15: Oil Sands in Canada, Bitumen Production by Recovery Technology, Mbbl/d, 2005-2010
Table 16: Oil Sands in Canada, Heavy Oil Upgraders, Project Information and Production Trends, bbl/d, 2005-2010
Table 17: Oil Sands in Canada, Major Planned Projects-, 2011-2015
Table 18: Oil Sands in Canada, Bitumen Production Forecasts by Recovery Technology, Mbbl/d, 2011-2015
Table 19: Oil Sands in Canada, Bitumen Production Forecast by Region, Mbbl/d, 2011-2015
Table 20: Oil Sands in Canada, Heavy Oil Upgraders, Planned Projects Capacity, Barrels per Day (bbl/d), 2011-2015
Table 21: Canadian Oil Sands, Deal Value and Number of Deals, Q3 2007-Q3 2011
Table 22: Oil Sands in Canada, Breakdown Deals by Deal Type, 2007 to November 2011
Table 23: Oil Sands in Canada, Top Five M&A Deals and Asset Transactions, 2007-Q3 2011
Table 24: Oil Sands in Canada, Marathon Oil Acquired Western Oil Sands, Deal Financials
Table 25: Oil Sands in Canada, Korea National Oil Corporation - Acquired Daily Production Information
Table 26: Oil Sands in Canada, Korea National Oil Corporation - Acquired Reserves Information
Table 27: Oil Sands in Canada, OPTI Canada Inc. - Acquired Reserves Information
Table 28: Oil Sands in Canada, Total Bitumen Production by Companies, bbl/d, 2010
Table 29: Oil Sands in Canada, Major Oil Sands Projects of Suncor
Table 30: Oil Sands in Canada, Suncor’s Bitumen Production, bbl/d, 2005-2010
Table 31: Oil Sands in Canada, CNRL’s Bitumen Production, bbl/d, 2005-2010
Table 32: Oil Sands in Canada, Operating and Upcoming Oil Sands Projects of CNRL
Table 33: Oil Sands in Canada, Imperial Oil’s Cold Lake Oil Sands Project, Bitumen Production, bbl/d, 2005-2010

1.2 List of Figures
Figure 1: Oil Sands Industry in Canada, Alberta Province, 2011
Figure 2: Oil Sands in Canada, Steam-Assisted Gravity Drainage Technology for In-Situ Recovery
Figure 3: Oil Sands in Canada, Cyclic Steam Stimulation Technology for In - Situ Recovery
Figure 4: Oil Sands in Canada, Oil Sands and Conventional Oil Production, Mbbl/d, 2005 - 2010
Figure 5: Oil Sands in Canada, Industry Capital Spending on Oil Sands and Conventional Oil and Gas, %, 2000-2010
Figure 6: Alberta, Water Allocations to Various Industrial Sectors, 2009
Figure 7: Green House Gases Emissions in Canada by Sector, 2009
Figure 8: Oil Sands in Canada, Capex and Opex in Oil Sands Projects, CADm, 2005 - 2010
Figure 9: Oil Sands in Canada, Capex and Opex by Recovery Technologies, CADm, 2005 - 2010
Figure 10: Oil Sands in Canada, Capex and Opex on Upgraders, CADm, 2005 - 2010
Figure 11: Oil Sands in Canada, Bitumen Production by Region, Mbbl/d, 2005-2010
Figure 12: Oil Sands in Canada, Bitumen Production by Recovery Technology, Mbbl/d, 2005-2010
Figure 13: Oil Sands in Canada, Bitumen Production Forecasts by Recovery Technology, Mbbl/d, 2011-2015
Figure 14: Oil Sands in Canada, Bitumen Production Forecast by Region, Mbbl/d, 2011-2015
Figure 15: Oil Sands in Canada, Breakdown of Deals by Deal Type, 2007 to November 2011
Figure 16: Oil Sands in Canada, Syncrude Lease Map, 2010
Figure 17: Oil Sands in Canada, Royal Dutch Shell Plc., Oil Sands Operations Map, 2010

“Oil Sands Industry in Canada, 2011 - Market Analysis, Competitive Landscape and Production Forecasts to 2015”, is the latest report from GlobalData, the industry analysis specialists, that analyzes the oil sands industry in Canada. The report provides information about Canada’s oil sands market until 2015. The report provides information on key oil sands projects and key companies in three major oil sands regions of Alberta: Athabasca, Cold Lake and Peace River. The report also provides key drivers and challenges for the industry in the current industry environment. The report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData’s team of industry experts.

The high crude oil price in the global market has made it economical and lucrative to develop the oil sands in Canada that require unconventional methods for the extraction of crude oil. Unconventional methods of extraction incur higher costs than conventional methods due to the use of advanced and complex technology.

Oil sands are the largest reserves of unconventional oil in Canada are expected to serve the Canadian oil and gas industry for a long time. The high oil consumption of the neighbouring US provides further impetus to the development of Canada’s oil sands industry.

Over 97% of Canada’s Oil Reserves are in the Form of Oil Sands

Oil sands in Canada have gained importance due to the fact that about 97.1% of the country’s total economically recoverable oil reserves are in the form of oil sands. Canada has about 176.7 billion barrels (bbl) of initially established oil reserves.

At a global level, about 21% of the total oil reserves are accessible to private investors, 56% of which are located in Canada’s oil sands. This makes Canada an important destination for global E&P companies. As a result, Canada’s oil sands industry is witnessing an increase in mergers and acquisitions (M&As), asset transactions and capital expenditure (capex). In 2010, the oil and gas industry in Canada spent nearly 31% of its total capital expenditure on the Canadian oil sands, next only to the capital expenditure spent on the Northern Canada conventional oil and gas region.

Oil Sands Contribute About 60% of Canada’s Total Oil Production

As of 2010, production from Canada’s oil sands region accounted for about 60% of the country’s total crude oil production. The share of oil sands in Canada’s total crude oil production increased from 48% in 2005 to 60% in 2010 as a result of the sharp increase in oil sands exploration and production activities in the country. In 2010, bitumen production accounted for 78% of Alberta’s total crude oil and raw bitumen production. Canada’s total oil sands production is approaching a daily production of 1.47 Mbbl/d.

The figure below shows the trend in crude oil production from oil sands and from conventional sources in Canada from 2005-2010.

Oil Sands in Canada, Oil Sands and Conventional Oil Production, Mbbl/d, 2005 - 2010

Source: GlobalData, CAPP-Crude Oil Forecast, Markets & Pipeline Report - Production and Supply Data 2011

Syncrude Canada Limited
Suncor Energy Inc.
Canadian Natural Resources Limited
Royal Dutch Shell
Imperial Oil Limited

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