Oilsands Review Project Status April 2014

Page 1

P R O J E C T S TAT U S

04 14 project status

Athabasca Region Industrial Heartland Region Cold Lake Region

Sourced from Alberta regulators and corporate disclosures. For changes and updates, please contact Deborah Jaremko at djaremko@junewarren-nickles.com. Disclaimer: Oilsands Review accepts no liability for errors or inaccuracies in the information provided in this report.

Peace River Region Northwestern Saskatchewan

navigator.oilsandsreview.com For more detailed project data, visit oilsandsreview.com. To explore oilsands projects using our interactive web tool, visit the Canadian Oilsands Navigator.

CURRENT PROJECT

CAPACITY

START-UP

REGULATORY STATUS

NORTH ATHABASCA REGION

SASKATCHEWAN REGION

SOUTH ATHABASCA REGION

INDUSTRIAL HEARTLAND REGION

COLD LAKE REGION

NEW EXPORT PIPELINES

PEACE RIVER REGION

CURRENT PROJECT

CAPACITY

NEW INFORMATION THIS MONTH

START-UP

Fort Hills

REGULATORY STATUS

Updated: Feb 2014

NORTH ATHABASCA REGION — MINING

Canadian Natural Resources Limited

Suncor says that project activities in 2014 are expected to focus on the completion of detailed engineering and procurement across all areas of the project, and construction of mine and extraction infrastructure including pilings and foundations.

Horizon

Updated: Dec 2013

Canadian Natural says that operating performance at Horizon has been strong since the company executed its first major turnaround in May 2013. Horizon SCO production in the third quarter was approximately 112,000 barrels per day. The overall phased expansion to 250,000 barrels per day is 30 per cent physically complete, with the first phase in that expansion, Reliability, 91 per cent physically complete and five per cent under budget. Phase 1 Reliability - Tranche 2 Phase 2A

135,000

2008

Operating

5,000

2014

Construction

10,000

2015

Construction

Phase 2B

45,000

2016

Construction

Phase 3

80,000

2017

Construction

Kearl

110,000

2013

Construction Approved Updated: May 2012

Phase 1

120,000

TBD

Application

Syncrude Canada Ltd. •

Mildred Lake/Aurora

Updated: Feb 2014

Base Mine Stage 1 & 2 Expansion

290,700

1978

Operating

Stage 3 Expansion

116,300

2006

Operating

TBD

Construction

Centrifuge Tailings Management

Operating

100,000

2016

Approved

Aurora SouthTrain 2

100,000

2018

Approved

TBD

2023

Announced

Mildred Lake Mine Extension (MLX)

110,000

2015

Construction

Phase 3

80,000

2020

Approved

Teck Resources Limited

Phase 4 Debottleneck

45,000

TBD

Approved

Updated: Dec 2013

TBD

Aurora SouthTrain 1

Phase 2

Jackpine

Frontier

Updated: Feb 2014

The Canadian Environmental Assessment Agency estimates the federal review schedule for the project application to be approximately two years, so 2015 is the earliest approval would be granted. Teck says that an exploration program is planned at Frontier in the winter of 2014 to provide additional data to support the regulatory review process and ongoing engineering work.

Phase 1A

100,000

2010

Operating

Phase 1B

100,000

TBD

Approved

Phase 1

74,600

2021

Application

Expansion

100,000

2017

Approved

Phase 2

84,000

2024

Application

Phase 3

79,300

2027

Application

Phase 4 Equinox

39,400

2030

Application

Muskeg River

Updated: Dec 2013

Minority partner Marathon Oil Corporation says the Athabasca Oil Sands Project has recently shown “outstanding” performance due to robust reliability and realizations, but is expecting significant planned downtime in the fourth quarter. Commercial

155,000

2002

Operating

Expansion & Debottlenecking

115,000

TBD

Approved

Pierre River

Updated: Feb 2014

Shell has informed regulators that it is indefinitely halting work on the Pierre River project. The company has asked that the regulatory approval process be suspended. Phase 1

100,000

2018

On Hold

Phase 2

100,000

TBD

On Hold

Suncor Energy Inc. •

TBD

Suncor considers Voyageur South to be a “longer-term” project and has not confirmed a start-up date.

Updated: Feb 2014

Shell Albian Sands

2017

20,000

Voyageur South

Imperial Oil says that Kearl gross bitumen production continues to ramp up. Production was impacted during the fourth quarter by harsh winter weather and equipment reliability issues that are being addressed. Production rates of 100,000 barrels per day have been reached, and ongoing activities to stabilize performance at these higher levels are progressing. The Kearl expansion project was 72 per cent complete at year-end and remains on target for a 2015 start-up. Phase 1

160,000

Debottleneck

Alberta has issued the final terms of reference for Syncrude’s MLX project.

Imperial Oil Limited •

Phase 1

Base Operations

Updated: Feb 2014

Suncor says that during the fourth quarter, maintenance was completed at its Upgrader 2 vacuum tower and related units. The company says that hot bitumen infrastructure commissioned in the third quarter of 2013 has increased the takeaway capacity of bitumen and unlocked additional mining production. Millennium Mine

Total E&P Canada Ltd. Joslyn North Mine

Updated: Mar 2013

Project partner Suncor Energy says an updated timing for the Joslyn sanction decision will be made available when it is ready. Phase 1

100,000

2021

Approved

NORTH ATHABASCA REGION — IN SITU Athabasca Oil Corporation Birch

Updated: Dec 2013

Athabasca says its work at Birch currently relates to regulatory compliance and preliminary engineering on future site access infrastructure. The company is currently reviewing the optimal size of the first project. Phase 1

12,000

TBD

Dover West Carbonates (Leduc)

Announced Updated: Dec 2013

A fourth production cycle for the TAGD pilot test was scheduled for the fourth quarter of 2013. Athabasca had been encouraged by results so far.

294,000

1967

Operating

4,000

2007

Operating

Millennium Debottlenecking

23,000

2008

Operating

Phase 1 Demonstration

6,000

2016

Approved

North Steepbank Extension

180,000

2012

Operating

Phase 2 Demonstration

6,000

TBD

Application

Steepbank Debottleneck Phase 3

APRIL 2014 | OILSANDSREVIEW.COM

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