eek. Plans for winter 2015 drilling include an additional 100 core holes at Lewis and 68 core holes at Meadow Creek. The company holds a 100% working interest in Lewis, 10% working interest in Kirby, 25% to 50% working interest in Chard, and a 75% working interest in Meadow Creek. Oil Sands Ventures Syncrude: The company holds a 12% interest in the Syncrude joint arrangement, located near Fort McMurray, which includes mining operations at Mildred Lake North and Aurora North. It also has regulatory approval to develop the Aurora South oil sands mining leases. The company is operated by Syncrude Canada Ltd. (SCL). SCL has a comprehensive management services agreement with Imperial Oil Resources (Imperial Oil) to provide operational, technical and business management services. At Aurora North, Syncrude operates two 80-MW gas turbine power plants to provide electricity. Syncrude produces a single sweet synthetic light crude product. Fort Hills: Fort Hills is an oil sands mining area comprising leases on the east side of the Athabasca River, north of Oil Sands Base operations. The company holds a 40.8% working interest in the Fort Hills project. It is the contract operator for the Fort Hills project. Other Assets: Joslyn is the oil sands mining area comprising leases southwest of Fort Hills and on the west side of the Athabasca River. New Technology The company is working on various new in situ technology projects that are proceeding with the next phase of field testing. Oxy-Fuel Combustion: The company is involved in a collaborative research and development project that could improve the prospects for implementing carbon capture and storage. Zero Liquid Discharge: The company uses a zero liquid discharge process at its MacKay River in situ facility to achieve maximum water reuse by recovering waste water from produced bitumen. Enhanced Solvent Extraction Incorporating Electromagnetic Heating (ESEIEH): This new method of in situ bitumen recovery uses radio frequency heating and solvents to reduce energy, greenhouse gas and water footprints. N-SOLV: The company is undertaking field tests on using this condensing solvent to extract bitumen, which could significantly reduce energy use and greenhouse gas emissions. Steam Assisted Gravity Drainage Less Intensive Technology Enhanced (SAGD LITE): Field trials are underway to evaluate technologies, such as solvent addition, surfactant addition, flow control devices and injection control devices. The company is a founding member of Canada's Oil Sands Innovation Alliance (COSIA), a group of oil sands producers focused on accelerating the pace of environmental performance improvement through collaborative action and innovation. Sales of Principal Products Primary markets for SCO and bitumen production from the company’s Oil Sands segment, which is sold to and marketed by its Energy Trading business, include refining operations in Alberta, Ontario, the U.S. Midwest, and the U.S. Rocky Mountain regions and markets in the U.S. Gulf Coast. Diesel production from upgrading operations is sold primarily in Western Canada, marketed by the company's Refining and Marketing business. Distribution of Products Production from Oil Sands Operations is gathered into the company’s Fort McMurray facilities at the Athabasca Terminal, which is operated by Enbridge Inc. (Enbridge). The company has various arrangements with Enbridge at this facility to store SCO, diluted bitumen, and diesel. From Hardisty, where the company owns storage capacity with additional capacity under contract, it has various options for delivering product to customers: To the company’s Commerce City refinery through the Express and Platte pipelines. The company owns and operates a pipeline that is connected to the Commerce City refinery, which originates from the Guernsey, Wyoming station that is part of the Platte pipeline. To the company’s Sarnia refinery on the Enbridge Mainline and Lakehead systems. To most major refining hubs via the Enbridge mainline, Express/Platte and Keystone pipeline systems. E&P This segment consists of offshore operations off the east co
suncor energy inc (SU:New York)
150 - 6 Avenue S.W.
PO Box 2844
Calgary, AB T2P 3E3
|Anadarko Petroleum Corp||$93.66 USD||-0.02|
|BG Group PLC||1,194 GBp||-3.00|
|Canadian Natural Resources Ltd||C$40.94 CAD||-0.31|
|Enbridge Inc||C$65.26 CAD||+0.44|
|Imperial Oil Ltd||C$55.05 CAD||+0.56|
|View Industry Companies|
Sponsored Financial Commentaries
To contact SUNCOR ENERGY INC, please visit www.suncor.com. Company data is provided by Capital IQ. Please use this form to report any data issues.