Oilsands Review Project Status December 2013

Page 1

P R O J E C T S TAT U S

project status

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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

Updated: Aug 2013

135,000

2008

NEW INfORmATION THIS mONTH

CAPACITY

START-UP

REGULATORY STATUS

Updated: Mar 2013

Phase 1

5,000

2014

Construction

2015

Construction

Phase 2B

45,000

2016

Construction

Phase 3

80,000

2017

Construction

Phase 1

Phase 2

110,000

2015

Construction

80,000

2020

Approved

Phase 4 Debottleneck

45,000

TBD

Approved

Updated: May 2012

120,000

TBD

Mildred Lake/Aurora

Updated: Oct 2013

Base mine Stage 1 & 2 Expansion

290,700

1978

Operating

Stage 3 Expansion

116,300

2006

Operating

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

Shell Albian Sands

Frontier

Jackpine

Updated: Jul 2013

2010

Operating

Phase 1B

100,000

TBD

Approved

Expansion

100,000

2017

Approved

Muskeg River

Updated: Aug 2013

155,000

2002

Expansion & Debottlenecking

115,000

TBD

Pierre River

Approved

100,000

2018

Application

TBD

Application

Base Operations

1967

Operating

4,000

2007

Operating

millennium Debottlenecking

23,000

2008

Operating

North Steepbank Extension

180,000

2012

Operating

79,300

2027

Application

39,400

2030

Application

Updated: Mar 2013

100,000

2021

Approved

Athabasca Oil Corporation Birch •

Updated: Oct 2013

Athabasca says that expenditures related to Birch in the first nine months of 2013 related primarily to regulatory compliance and preliminary project engineering. The company is still reviewing optimal project size.

Updated: Aug 2013

294,000

Phase 3 Phase 4 Equinox

NORTH ATHABASCA REGION — IN SITU

Suncor Energy Inc.

Suncor says production was impacted during the second quarter as a result of a planned turnaround at Upgrader 1 and unplanned third-party outages. Suncor worked to mitigate the impact using existing storage capacity and continuing to transport product on its proprietary pipeline. Following these events, production has been restored and the company is reporting strong performance. The next major turnaround is expected to happen in 2016 at Upgrader 2.

Application Application

Phase 1

A joint review panel of the Canadian Environmental Assessment Agency and Energy Resources Conservation Board is expected to submit its report on the Pierre River project by the end of 2013.

100,000

2021 2024

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

Updated: Mar 2013

Phase 1

74,600 84,000

Joslyn North Mine

Operating

Phase 2

Phase 1 Phase 2

Total E&P Canada Ltd.

minority partner marathon Oil Corporation is reporting reduced SCO production during the second quarter due to a planned turnaround and unplanned mine downtime. Commercial

Updated: May 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.

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. 100,000

Application

The proposed terms of reference for Syncrude’s mildred Lake Extension (mLX) project have been filed with the Alberta Energy Regulator.

Operating

Phase 3

Approved

Syncrude Canada Ltd.

Updated: Aug 2013

2013

Approved

TBD

Voyageur South

Imperial Oil says production ramp-up continues, line-fill operations are advanced and diluted bitumen sales are expected to begin in the third quarter. The company expects to reach full capacity later in 2013. The Kearl expansion is about 43 per cent complete and remains on track for start up in 2015. 110,000

2017

25,000

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

Imperial Oil Limited Kearl

165,000

Debottleneck

Operating

10,000

Steepbank Debottleneck Phase 3

NEW ExpORT pIpELINES

Fort Hills

Phase 2A

millennium mine

COLD LAKE REGION

A sanction decision on Fort Hills is expected in the second half of 2013.

Horizon

Phase 1A

INDUSTRIAL HEARTLAND REGION

CURRENT PROJECT

Canadian Natural says that Horizon reliability continues to improve after completion of the project’s first major maintenance turnaround in may. June and July SCO production was 101,000 and 110,000 barrels per day, respectively.

Phase 1

SOUTH ATHABASCA REGION

REGULATORY STATUS

Canadian Natural Resources Limited

Reliability - Tranche 2

SASKATCHEWAN REGION

pEACE RIVER REGION

NORTH ATHABASCA REGION — MINING

Phase 1

NORTH ATHABASCA REGION

Phase 1 •

12,000

TBD

Dover West Carbonates (Leduc)

Announced Updated: Oct 2013

Athabasca plans a fourth production cycle for the TAGD field test in the fourth quarter of 2013, and reports encouraging results thus far. In Q3, the company received regulatory approval for the 2,000-barrel-per-day TAGD pilot, which will be sanctioned once funding is secured. Phase 1 Demonstration

2,000

TBD

Approved

Phase 2 Demonstration

6,000

TBD

Application

DECEMBER 2013 | OILSANDSREVIEW.COm

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