RBC Capital Markets Crude & Refined Investor Day Conference April 4, 2013 Paul Miller, Senior VP Oil Pipelines
Leading North American Energy Infrastructure Company One of North Americas Largest Natural Gas Pipeline Networks 68,500 km (42,500 mi) of pipeline 14 Bcf/d or 20% of demand Third Largest Natural Gas Storage Operator 406 Bcf of…
Oil Pipelines Strategy Capitalize on intra-Alberta oilsands opportunities Connect Western Canadian crude oil to Eastern markets by leveraging existing natural gas pipeline footprint Connect Bakken oil to markets Connect…
Western Canadian Select (WCS) and Maya
Western Canada Supply CAPP Oil Sands Forecasts 4,500 4,000 3,500 Thousands of barrels per day 3,000 2,500 2,000 1,500 1,000 500 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023…
2011 Canada and US Demand for Crude Oil by Source (Thousand bbl/d) Source: CAPP, EIA, Statistics Canada 7
LLS and Brent
WCSB Pipeline Takeaway Capacity vs. CAPP Canadian Production Forecast (Million bbl/d) 7 6 Oil Supply 5 4 Keystone XL Keystone 3 Other Existing Capacity 2 1 0 2012 2014 2016 2018 2020 2022 2024 New Pipeline Capacity…
WCS and Maya
Gulf Coast Project US2.3 billion Cushing, OK to Port Arthur and Houston, TX Initial capacity of up to 700,000 bbl/d Ultimate capacity of 830,000 bbl/d Construction 60 per cent complete In-service late 2013
Keystone XL and Bakken Marketlink Keystone XL US5.3 billion 830,000 bbl/d of capacity with more than 500,000 bbl/d contracted for an average term of 18 years Governor Heineman approved pipeline re-route in Nebraska on Jan 22,…
Keystone Pipeline System US14 billion investment 1.4 million bbl/d ultimate capacity More than 1.1 million bbl/d contracted for an average term of 17 years 33% of Canadian oil exports Expected to generate US1.7 billion of…
Alberta Regional Oil Pipeline Business 2.5 billion of secured projects 1.5 billion Grand Rapids Project 660 million Northern Courier Project 275 million Hardisty Terminal Leverages natural gas pipeline operating experience in…
Energy East Pipeline Proposal Montreal/Quebec Ultramar 265 Suncor 137 Saint John Irving 300 Halifax Imperial 82 Binding open season commences April 15, 2013 to obtain firm shipping commitments Combination 3,000 km of…
Key Takeaways Significant Position in the Oil Transportation Business with Existing 6 Billion Keystone Pipeline Over 10 Billion in Commercially Secured Projects Marketplace Requires Additional Infrastructure Significant…
RBC Capital Markets Crude & Refined Investor Day Conference April 4, 2013 Paul Miller, Senior VP Oil Pipelines
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