Oilsands Review Project Status April 2012

Page 1

PROJECT STATUS

04.12 PROJECT STATUS

Athabasca Region Industrial Heartland Region Cold Lake Region

Sourced from company releases, the Energy Resources Conservation Board and the Daily Oil Bulletin, with files from Strategy West. 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

For even more details on all of these projects, visit www.oilsandsreview.com.

CURRENT PROJECT

CAPACITY

START-UP

REGULATORY STATUS

Updated: Feb 2012

Canadian Natural says that reliability projects are on track with costs running below budget, a third ore preparation plant is being commissioned, there has been a six-month schedule slip in its Phase 2A plans for a coker expansion in part due to coker fire rebuild, lump sum contracts have been awarded for its Phase 2B, and engineering is on track for Phase 3.

­ ­ ­

135,000

2008

Operating

Phase 2A

10,000

2014

Approved

Phase 2B

45,000

TBD

Approved

Phase 3

80,000

TBD

Approved

Imperial Oil Limited ­

INDUSTRIAL HEARTLAND REGION

COLD LAKE REGION

NEW Export Pipelines

CURRENT PROJECT

Horizon

Phase 1

SOUTH ATHABASCA REGION

New information this month

CAPACITY

START-UP

REGULATORY STATUS

Kearl

Updated: Dec 2011

Base Operations

­

Millennium Debottlenecking

­

Millennium Mine

­

North Steepbank Extension

­

Steepbank Debottleneck Phase 3

­

Fort Hills

Debottleneck

­

Phase 1

110,000

2012

Construction

­

Phase 1

­

Phase 2

110,000

2015

Construction

­

Voyageur South

­

Phase 3 Debottleneck

70,000

2020

Approved

­

Phase 1

Jackpine

Updated: Jan 2012

The Canadian Environmental Assessment Agency recently invited public comment on a revised draft agreement to establish a joint panel for review of the Pierre River mine project, as well as revisions to the existing joint panel agreement for the review of the Jackpine Mine expansion project.

23,000

2008

Operating

294,000

1967

Operating

180,000

2012

Construction

4,000

2007

Operating Updated: Nov 2011

Current capital expenditures for Fort Hills are around design base memorandum engineering. ­

Shell Albian Sands

Updated: Feb 2012

In Q4 of 2011 Suncor began to mine ore from the North Steepbank Extension. Additionally, at the upgrader, the Millennium Naptha Unit is now producing hydrogen and is expected to reach full design rates in early 2012.

Imperial Oil says that Kearl Phase 1 is approximately 80 per cent complete. The company has sanctioned Kearl Phase 2.

­

Suncor Energy Inc.

Canadian Natural Resources Limited

­

SASKATCHEWAN REGION

PEACE RIVER REGION

NORTH ATHABASCA REGION — MINING •

NORTH ATHABASCA REGION

25,000

TBD

Approved

165,000

2016

Approved

120,000

TBD

Updated: Nov 2010 Application

Syncrude Canada Ltd. ­

Mildred Lake/Aurora North & South

Updated: Nov 2011

­

Expansion

100,000

2017

Approved

Canadian Oil Sands reports that front-end engineering and design is now complete for its $4.6-­billion Mildred Lake mine train replacements. The target in-service date for the $1.6-billion Syncrude Emissions Reduction Project has now been extended into Q1 of 2012.

­

Phase 1A

100,000

2010

Operating

­

Aurora South Train 1

100,000

2016

Approved

­

Phase 1B

100,000

TBD

Approved

­

Aurora South Train 2

100,000

2018

Approved

­

Muskeg River

­

Commercial

­

Base Mine Stage 1 & 2 Expansion

290,700

1978

Operating

­

Stage 3 Expansion

116,300

2006

Operating

Updated: Nov 2010 155,000 115,000

2002 TBD

Operating

­

Expansion & Debottlenecking

Approved

­

Pierre River

­

Phase 1

100,000

2018

Application

­

­

Phase 2

100,000

TBD

Application

Project partner Suncor Energy says that current capital expenditures are around geological, engineering, regulatory and environmental studies.

Updated: Sep 2011

SilverBirch Energy Corporation ­

Frontier

Updated: Jan 2012

Teck Resources will acquire SilverBirch Energy and a new company will be spun out (SilverWillow Energy Corporation) with the former company’s in situ assets. Teck gains SilverBirch’s 50 per cent interest in Frontier. ­

Phase 1

75,000

2021

Application

­

Phase 2

80,000

2024

Application

­

Phase 3

80,000

2027

Application

­

Phase 4 Equinox

40,000

2030

Application

Total E&P Canada Ltd. Joslyn North Mine

­

Phase 1

­

Joslyn South Mine

­

Phase 1

­

Northern Lights Mine

­ ­

Updated: Nov 2011

100,000

2018

Approved Updated: Dec 2010

100,000

TBD

Announced

Phase 1

57,250

TBD

On Hold

Phase 2

57,250

TBD

On Hold

Updated: Nov 2010

April 2012 | OILSANDSREVIEW.COM 39


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