1 Canada?s Oil Sands On a Global Stage August 2013
Enabling Responsible Development Energy Environment Markets Benefits
? Significant energy demand growth: ? Population, standards of living ? Need all forms of energy: ? Increasing role for renewables ? Continuing reliance on hydrocarbons ? Increasing role for non conventional crude oil & natural…
0 500 1 000 1 500 2 000 2 500 3 000 Canada Saudi Arabia Mexico Venezuela Russia Iraq Nigeria Colombia Kuwait Algeria thousand barrels per day U.S. Imports of Crude Oil and Petroleum Products by Country of Origin Petroleum…
Industry Capital Spending Cdn $billions Note: Excludes spending on mergers & acquisitions Northern Canada 2011 2012E 2013F $0.3 $0.3 $0.5 Oil Sands 2011 2012E 2013F $22.7 $23 $23 Western Canada 2011 2012E 2013F $37.6 $36 $38…
Global Crude Oil Reserves by Country 26 25 21 37 30 48 80 92 102 141 155 173 265 298 0 50 100 150 200 250 300 Venezuela Saudi Arabia Canada Iran Iraq Kuwait Abu Dhabi Russia Libya Nigeria Kazhakhstan China…
Canada?s Oil Sands Resource 169 billion barrels recoverable At current economics and with current technology well over 100 years of production 20% of resource is mineable Just under 3% of oil sands land area 80% of resource is…
Two Methods of Oil Sands Recovery Photo: ConocoPhillips - Surmont Schematic: Devon - Jackfish Drilling: 80% of reserves Mining: 20% of reserves Producer well Injector well Cap Rock Steam chambers Unrecovered heavy oil
Canadian Oil Sands (Bitumen and SCO) & Conventional Production million barrels per day 0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030 Pentanes Eastern Canada Actual…
2012 Canada and U.S. Demand for Crude Oil by Source Thousand Barrels per Day 10 PADD V CA PADD IV PADD II - North PADD II - South PADD II -East PADD I - East Coast ON QC Atlantic Canada U.S. - Alaska only U.S. (excl…
Access to Markets ? Pipeline Expansions in Development Enbridge Gateway Enbridge Mainline Enbridge Southern Access TransCanada Energy East Enbridge Line 9 Reversal Enbridge Spearhead North ExxonMobil Pegasus Enb/Energy Transfer E.…
WCSB Takeaway vs Supply Forecast million barrels per day 9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030 Western Canadian supply and U.S. Bakken movements TransCanada Energy East Trans…
Western Canada Crude Oil Rail Exports 13 ? 2012 = 70,000 b/d ? Current ~ 175,000 b/d ? 2013 ~ 200,000+ b/d ? ~4% of WCSB production ? Opportunities: ? Relatively quick ? Flexibility ? different markets ? East ? Less diluent ?…
? Industry will invest $61 billion in Canada in 2012 ? Largest single private sector investor in Canada ? Payments to governments average about $18 billion per year ? Oil and gas accounts for ? 20% of value on Toronto Stock Exchange…
2400 American companies provide goods and services directly to the oil sands 17 17
Global GHG Emissions GHG emissions from oil sands: ? just over 0.16% of global CO2 emissions ? 7.8% of Canada?s GHG emissions ? 26% reduction in intensity from 1990 Global Emissions Canada?s 2% Sources: 1. United Nations Statistics…
North American GHG Emissions (2011) for Coal-fired Power and Oil Sands 0-15 mtonnes 16-50 mtonnes 51-100+ mtonnes Legend U.S. Coal fired power generating plants Canadian coal-fired power generating plants Canadian oil sands…
0 100 200 300 400 500 600 North Sea - Forties Brazil - Tupi Saudi Arabia - Arab Light US Barrel Refined in the U.S. (2005) Iraq - Kirkuk Blend Cdn Oil Sands: Mining Dilbit (PFT) Mexico - Maya Venezuela Bachaquero US - Mars Cdn…
0 100 200 300 400 500 600 Avg US Barrel Refined in the U.S. (2005) Most Recent Oil Sands Mining Most Recent Oil Sands In Situ kgCO2e per barrel of refined product Well-to-tank Refined product Combustion Full-cycle GHG Emissions…
Greenhouse Gas Emissions ? Carbon regulation ? Provincial Regulation ? Covers 100% of oil sands ? Mandatory 12% reduction ? Carbon price since July 2007 ? Federal Regulation ? Alignment with US (17% target and vehicle emissions…
Less Energy, Less Water and Less Land ? Accelerating innovation environmental performance in the oil sands ? Canadian Oil Sands Innovation Alliance (COSIA) ? Alternatives to reduce the need for both water and energy (steam) ?…