OIL SANDS MINEOil & gas

Syncrude Aurora North

Syncrude · Nameplate 225 kbbl/d

Feeds Mildred Lake upgrader.

RESOURCE CONTEXT

167.3 Bbbl proved (187 Bbbl proved + probable); 1,845 Bbbl in place

The largest proved hydrocarbon inventory in Alberta and the base load of provincial royalty income.

Official reserve statements for this commodity (3)

  • Crude bitumen — proved reserves167.3 Bbbl · Remaining established reserves · 31 Dec 2023AGS/AER INF 161 (McDaniel) ↗
  • Crude bitumen — initial in place1,845 Bbbl · Initial in place · 31 Dec 2023AGS/AER INF 161 ↗
  • Cold Lake in situ bitumen (share of 153 Bbbl in situ P+P)153 Bbbl in situ P+P (province) · Remaining established reserves · 31 Dec 2023AER ST98 2026 reserves ↗

GEOLOGICAL SETTING

Prospectivity envelopes for Crude bitumen (oil sands)

  • Athabasca McMurray mineable and SAGD fairwayProducing / drill-proven
    Lower Cretaceous McMurray fluvial-estuarine sand saturated with biodegraded oil

Development regime

Tenure
Oil sands lease under the Oil Sands Tenure Regulation (Alberta Energy and Minerals).
Royalty
Pre-payout 1–9 % of gross revenue (sliding with WTI C$55–120); post-payout the greater of 1–9 % gross or 25–40 % net.

DATASETS TO STACK HERE

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NEARBY OPERATIONS

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