Oilsands Review Project Status March 2014

Page 1

P R O J E C T S TAT U S

03 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 projects in the Athabasca oilsands region using our interactive web tool, visit the Canadian Oilsands Navigator. CURRENT PROJECT

CAPACITY

START-UP

REGULATORY STATUS

INDUSTRIAL HEARTLAND REGION

COLD LAKE REGION

NEW EXPORT PIPELINES

CURRENT PROJECT

NEW INFORMATION THIS MONTH

CAPACITY

START-UP

Fort Hills

Horizon

Phase 1

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.

REGULATORY STATUS

Updated: Dec 2013 160,000

2017

20,000

TBD

Debottleneck Voyageur South

Construction Approved Updated: May 2012

Suncor considers Voyageur South to be a “longer-term” project and has not confirmed a start-up date. Phase 1

120,000

TBD

Application

135,000

2008

Operating

5,000

2014

Construction

Syncrude Canada Ltd.

Phase 2A

10,000

2015

Construction

Phase 2B

45,000

2016

Construction

Phase 3

80,000

2017

Construction

Canadian Oil Sands Limited says that Syncrude has reached completion at two of four major capital projects designed to support operations and environmental performance. At the Aurora North site, two of three mine trains have been relocated to enable the placement of consolidated tailings in-pit, and a new composite tailings plant has been constructed.

Reliability - Tranche 2

Imperial Oil Limited Kearl

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 percent complete at year end and remains on target for a 2015 start-up. Phase 1

110,000

2013

Operating

Phase 2

110,000

2015

Construction

Phase 3

80,000

2020

Approved

Phase 4 Debottleneck

45,000

TBD

Approved

Shell Albian Sands Jackpine

Updated: Jul 2013

The federal joint review panel has issued conditional approval despite “significant” environmental impacts. Now the project will go through the Alberta regulatory process and obtain approval from the federal environment minister. Phase 1A

100,000

2010

Operating

Phase 1B

100,000

TBD

Approved

Expansion

100,000

2017

Muskeg River

Approved 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.

SOUTH ATHABASCA REGION

Suncor and its partners have sanctioned the Fort Hills project.

Canadian Natural Resources Limited

SASKATCHEWAN REGION

PEACE RIVER REGION

NORTH ATHABASCA REGION — MINING

Phase 1

NORTH ATHABASCA REGION

Commercial

155,000

2002

Expansion & Debottlenecking

115,000

TBD

Pierre River

Mildred Lake/Aurora

Base Mine Stage 1 & 2 Expansion

290,700

1978

Operating

Stage 3 Expansion

116,300

2006

Operating

TBD

Construction

Centrifuge Tailings Management Aurora SouthTrain 1

100,000

2016

Approved

Aurora SouthTrain 2

100,000

2018

Approved

TBD

2023

Announced

Mildred Lake Mine Extension (MLX) Teck Resources Limited Frontier

Updated: Dec 2013

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 expects to have a project update available in the fourth quarter. 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

NORTH ATHABASCA REGION — IN SITU

Approved

Athabasca Oil Corporation

A joint review panel of the Canadian Environmental Assessment Agency and Alberta Energy Regulator has concluded a public comment period and is now considering comments and determining the adequacy of information to proceed to hearings.

Birch

100,000

2018

Application

Phase 1

Phase 2

100,000

TBD

Application

Dover West Carbonates (Leduc)

Suncor Energy Inc. Updated: Dec 2013

Suncor says that production was reduced in September as a result of planned maintenance at the Upgrader 2 vacuum tower and related units, which was successfully completed in October. Suncor says this marks the completion of major planned maintenance activities for the year and sets the foundation for a strong fourth quarter.

2021

Approved

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

Millennium Mine

TBD

Operating Updated: Feb 2014

Base Operations

Updated: Feb 2014

12,000

TBD

Announced Updated: Dec 2013

A fourth production cycle for the TAGD pilot test is 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.

294,000

1967

Operating

4,000

2007

Operating

Phase 1

12,000

2016

Application

Millennium Debottlenecking

23,000

2008

Operating

Phase 2

35,000

2019

Announced

North Steepbank Extension

180,000

2012

Operating

Phase 3

35,000

2020

Announced

Steepbank Debottleneck Phase 3

MARCH 2014 | OILSANDSREVIEW.COM

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