Transcript

Selling Oil Sands Crude

Three ways to get oil sands crude to markets Many industry observers say three proposed pipeline projects designed to move crude out of Alberta's oil sands region will be needed to keep up with forecasted production growth. Proposed Gateway pipeline Kitimat Hudson Bay Oil sands Proposed expansion of Trans Mountain pipeline (3 Edmonton MAN, ALTA. Hardisty TransCanada Corp.'s $7-billion Keystone XL would move 700,000 barrels of oil per day to refineries on the Gulf of Mexico. ..... B.C. Burnaby CANADA SASK. ONT. Existing Keystone pipeline MONT, Proposed Keystone XL pipeline N.D. Enbridge Inc.'s proposed $6.6-billion Northern Gateway would move 525,000 barrels per day to Kitimat, B.C., for shipment on tankers to Asia. S.D. UNITED NEB. STATES Steele City ILL. Kinder Morgan has proposed to twin its existing Trans Mountain pipeline to move crude to its Westridge marine facility in Burnaby, B.C., for shipment on tankers to Asia. Building an extra 300,000 barrels per day of capacity would cost about $3.8-billion, while adding 400,000 barrels would cost about $4.3-billion. Ogallala Aquifer KAN. Patoka MO. Cushing OKLA.: Pacific Ocean Proposed Keystone XL pipeline TEX. Port Arthur Houston MEXICO Gulf of Mexico CANADIAN OIL SANDS AND CONVENTIONAL PRODUCTION In millions of barrels per day ACTUAL FORECAST ATLANTIC CANADA 44% 4 The share of projected oil sands production that could be trans- ported by the three proposed pipelines by 2025. OIL SANDS GROWTH 3 OIL SANDS (OPERATING AND IN CONSTRUCTION) CONVENTIONAL HEAVY PENTANES CONVENTIONAL LIGHT 2005 2007 2009 2011 2013 2015 2017 2019 2021 2023 2025 THE GLOBE AND MAIL ยป SOURCE: CANADIAN ASSOCIATION OF PETROLEUM PRODUCERS .....

Selling Oil Sands Crude

shared by rmmojado on Mar 25
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Many industry observers say three proposed pipeline projects designed to move crude out of Alberta's oil sands region will be needed to keep up with forecasted production growth.

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