13 January, 2010
Research and Markets: Canadian Oil Sands Industry to 2015 - Oil Price Recovery Providing Momentum
Press Release Source: Research and Markets On Wednesday January 13, 2010, 11:30 am EST
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/f3e19b/canadian_oil_sands) has announced the addition of GlobalData's new report "Canadian Oil Sands Industry to 2015 - Oil Price Recovery Providing Momentum" to their offering.
Canadian Oil Sands Industry to 2015 - Oil Price Recovery Providing Momentum
"Canadian Oil Sands Industry to 2015 - Oil Price Recovery Providing Momentum" provides a detailed analysis of the reviving Canadian oil sands industry. The report analyzes the current and future prospects of the Canadian oil sands industry until 2015. It details about major factors influencing the growth of Canadian oil sands industry including the critical correlation with oil prices. The report covers the forecasts for the bitumen produced from oil sands. It also details about the oil sand projects by region and process technology used. It provides a comparison between the capital expenditure for various projects based on the extraction technique and location. The report deals with planned and upcoming oil sand projects. In addition, it also covers the major M&A activities and asset transactions and increasing NOC investments in oil sands. The report deals with the market share of various companies participating in oil sands operations.
Rise in Oil Demand in Emerging South East Asian Nations will Drive Oil Prices and Hence the Canadian Oil Sands Industry
The steady growth in crude oil consumption in Brazil, Russia, India and China (BRIC) will continue to drive crude oil prices. Crude oil consumption in the BRIC countries is expected to increase at an AAGR of 2.7% during 2008-15. The rise in demand in South East Asian countries due to internal demand and infrastructure expenditure will drive the oil prices. China, the world's most populous country and the second largest oil consumer after the US, has witnessed an increase in crude oil consumption to 8.09 million barrels per day in the second quarter of 2009, up from 7.53 million barrels in the first quarter. It is expected that it will reach 8.32 million barrels in the fourth quarter. The economic recovery is expected to maintain the growth trajectory of China, hence increasing the oil demand and prices. The rise in prices will influence the growth of Canadian oil sands industry.
Oil Sand Companies' Focus towards Eco-friendly Processes Optimize the Resource Consumption and the Environmental Footprint of Oil Sand Operations
Several companies employ different techniques to extract bitumen from oil sands. The projects such as Foster Creek, Firebag, Mackay River, Surmont, Jackfish, Christina Lake-EnCana, Hangingstone - Jacas, Great Divide, Joslyn - In Situ, Tucker, Christina Lake- MEG Energy, Orion/Hilda Lake, Meadow Creek, Lindbergh, Sawn Lake and Germain, and Leismer (Kai Kos Dehseh) use SAGD (some of these projects are in planned phase).
Other novel technologies are being considered to reduce the water consumption and a case in point is Suncor Energy's Firebag. The project employs recycled water to generate steam and this will reduce water usage.
New technologies such as Solvent processing, Electro-Thermal Dynamic Stripping Process (ET DSP TM), Toe to Heal Air Injection (THAI), N-SOLV and Vapor Exchange Process (VAPEX) are being considered to reduce water, natural gas and other environmental impacts. Popular Creek project in Athabasca will use ET DSPTM. The project is in experimental stage and is expected to begin by 2011. THAI unites a vertical injection well with a horizontal production well and is used in proposed projects at Axe Lake in North West and White Sands in Athabasca. VAPEX is similar to SAGD but it employs hydrocarbon solvents instead of steam, hence reducing the water footprint. EnCana will use VAPEX in a new project at Christina Lake.
Effective Understanding of Geology and Proper Selection of Process Drives down the Capital and Operating Costs of Oil Sands
The capital and operating expenditure depends on the type of reservoir, its homogeneity and level of bitumen saturation, the porosity of the reservoir, vertical permeability, narrowness or depth of channel sands and presence of water or gas or any other material above or below the reservoir. These determine the optimum bitumen extraction process that needs to be employed. A proper understanding of reservoir geology and appropriate selection of extraction process decides to a major extent the capital and operating expenditure.
Scope
The report provides detailed information and analysis on Canadian oil sands projects, production capacities of various projects, major in-situ recovery technologies, operational and capital expenditure and planned projects.
Its scope includes:
- Current and Planned Canadian oil sand projects
- Production Capacities of various existing projects
- Projects by major in-situ recovery technologies
- Information on operation and capital expenditure based on process technique used and resource consumed
- Annual information covering historic data from 2000 to 2008 and forecasts to 2015
- Detailed project analysis of Athabasca, Cold Lake, North West, and Peace River regions
- Drivers and challenges for the Canadian oil sands industry
- Major mergers and acquisitions and asset transactions in the oil sands industry
- Project level information for all oil sand projects focusing on key statistics such as phase status, start year, regulatory status, technology, bitumen capacity (bbl/day), bitumen upgrader capacity (bbl/day), equity partners and equity stakes, operators, capital and operational expenditure, bitumen production (barrels/day), operational and capital expenditure per barrel.
- Project and production information of Athabasca Oil Sands Corp, Canadian Natural Resources Limited, Chevron Canada, Shell Canada, Connacher Oil and Gas Limited, Devon Canada Corporation, Deven Energy, Encana Corporation, ConoccoPhillips, Husky Energy, Imperial Oil Limited, Korean National Oil Corporation, Nexen Inc., Petro-Canada, StatoilHydro ASA, Suncor Energy, Inc., Sunshine Oilsands Ltd, and others
- Market share analysis and competitive scenario of the top five oil sand companies (bitumen production equity weighted)
- Environmental impacts such as water footprint, natural gas usage, affects on habitat, carbon emissions due to increase in Canadian oil sands production
Reasons to buy
The report will enhance your decision making capability in a more rapid and time sensitive manner:
- The research will allow you to identify prospective investment targets through a comprehensive update and discussion on new oil sand projects, major upgrading units and capacity expansions of existing units in the four locations.
- Find the most attractive investment destination(s) for your business by comparing projects by extraction process in these locations.
- Decide on market entry strategies in specific markets with the help of an up-to-date review of existing and planned capacity expansions of 92 Canadian oil sands projects in four locations.
- Plan your future investments in the oil sand industry by identifying average capital expenditure by project and by extraction process
- Detailed analysis of major company's oil sand projects in Canada will help in identifying the growth strategies of these companies
- Gain insights into the strengths and weaknesses of your competitors based on market shares of key oil sand companies in these markets.
- Details of foreign investments and joint ventures will also help in identifying the entry prospects in the oil sand industry in these markets.
Key Topics Covered:
1 Table of contents
2 Introduction
3 Overview, Key Trends, Historic and Forecast Production for the Canadian Oil Sands Industry
4 Economics of Canadian Oil Sands Projects
5 Historic and Current Oil Sand Project Information by Location and Recovery Technology from 2002-08
6 Key Upcoming Oil Sands Projects and Production Forecasts by Region and Technology from 2009-15
7 Major M&A Activities and Investments in Canadian Oil Sands Industry in H1 2009
8 Appendix
For more information visit http://www.researchandmarkets.com/research/f3e19b/canadian_oil_sands
Research and Markets: Canadian Oil Sands Industry to 2015 - Oil Price Recovery Providing Momentum Added: (13.01.2010)
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