Oilsands Review Project Status May 2014

Page 1

P R O J E C T S TAT U S

05 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

Horizon

Updated: Mar 2014

Canadian Natural says that Horizon achieved strong and reliable operating performance for all of 2013. The 2013 fourth-quarter production volumes of 112,273 barrels per day represents a 35 per cent increase from 2012 fourth-quarter levels, which the company says indicates a stepchange in safe, steady and reliable production. The overall Phase 2/3 expansion is 34 per cent physcially complete, and projects under construction continue to trend at or below cost estimates. 135,000

2008

Operating

5,000

2014

Construction

Phase 2A

12,000

2015

Construction

Phase 2B

45,000

2016

Construction

Phase 3

80,000

2017

Construction

Reliability - Tranche 2

Kearl

COLD LAKE REGION

NEW EXPORT PIPELINES

Phase 1

110,000

2013

Operating

Phase 2

110,000

2015

Construction

Phase 3

80,000

2020

Approved

Phase 4 Debottleneck

45,000

TBD

Phase 1

Approved

Jackpine 100,000

2010

Operating

Phase 1B

100,000

TBD

Approved

Expansion

100,000

2017

Muskeg River

START-UP

Phase 1

TBD

On Hold

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.

Updated: Feb 2014 Operating Operating

TBD

Construction

Centrifuge Tailings Management

TBD

Aurora South Train 1

100,000

2016

Approved

Aurora South Train 2

100,000

2018

Approved

TBD

2023

Announced

Mildred Lake Mine Extension (MLX) Teck Resources Limited 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 would be 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 1

74,600

2021

Application

Phase 2

84,000

2024

Application

Phase 3

79,300

2027

Application

Phase 4 Equinox

39,400

2030

Application

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

100,000

Application

2006

Phase 2

TBD

1978

Approved

Suncor Energy Inc.

120,000

116,300

Operating

On Hold

Approved Updated: May 2012

290,700

TBD

TBD

Construction

Stage 3 Expansion

2002

100,000

TBD

Base Mine Stage 1 & 2 Expansion

115,000

Phase 1

2017

20,000

Mildred Lake/Aurora

155,000

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.

160,000

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

Expansion & Debottlenecking

Updated: Feb 2014

Updated: Feb 2014

Syncrude Canada Ltd.

Commercial

Pierre River

REGULATORY STATUS

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

Approved Updated: Mar 2014

Minority partner Marathon Oil Corporation says its income from the Athabasca Oil Sands Project was significantly lower in the fourth quarter of 2013 compared to the third quarter of 2013, primarily as a result of lower price realizations.

Birch

Updated: Mar 2014

Athabasca will be reducing its workforce by 15 per cent. The layoffs, focused primarily in its Calgary office, will largely affect employees directly or indirectly tied to projects that are not being funded in the near term. 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. Phase 1 Demonstration

6,000

2016

Phase 2 Demonstration

6,000

TBD

Dover West Sands & Clastics

Approved Application Updated: Nov 2013

Athabasca Oil Corporation is awaiting regulatory approval for the Dover West Sands Phase 1. Phase 1

12,000

2016

Application

Phase 2

35,000

2019

Announced

Phase 3

35,000

2020

Announced

Operating

Phase 4

35,000

2022

Announced

Operating

Phase 5

35,000

2024

Announced

294,000

1967

Operating

4,000

2007

Operating

Millennium Debottlenecking

23,000

2008

North Steepbank Extension

180,000

2012

OILSANDS REVIEW | MAY 2014

NEW INFORMATION THIS MONTH

Voyageur South

Updated: Dec 2013

Phase 1A

Steepbank Debottleneck Phase 3

CAPACITY

Debottleneck

Shell Albian Sands

Millennium Mine

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

Updated: Feb 2014

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.

32

INDUSTRIAL HEARTLAND REGION

CURRENT PROJECT

Imperial Oil Limited

SOUTH ATHABASCA REGION

Fort Hills

Canadian Natural Resources Limited

Phase 1

SASKATCHEWAN REGION

PEACE RIVER REGION

NORTH ATHABASCA REGION — MINING •

NORTH ATHABASCA REGION


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