Oil sands and Sustainability Oil Sands Delegation October 21, 2015
Where is Canada as a producer? Source: EIA
Canadian production
Oil sands production
Oil sands history Source: IHS Why the Oil Sands?, July 2015
WTI Futures
Oil sands breakeven costs
Opportunities and Challenges Continued oil sands growth Sustaining capital Cost competitiveness Public acceptance Environmental concerns Market access High cost production Cost escalation Labour
Collaboration and new technologies COSIA Solvent – Cenovus and others NSOLV - warm solvent vapour
GHGs
Global reserves Source: IHS Why the oil sands? July 2015