CERI: Costs up for oil sands production

07/28/2014
The costs of producing bitumen and synthetic crude in the Albertan oil sands have increased over the past year, says the Canadian Energy Research Institute (CERI) in an annual report that projects steady growth in output. Compared with last year's report, estimated costs of production before blending and transportation are up 4.4% for steam-assisted gravity drainage, 1.6% for mining without upgrading, and 5.9% for integrated mining and upgrading (OGJ Online, May 29, 2013). The new estimates of plant-gate supply costs: $50.89/bbl (Can.) for SAGD, $71.81/bbl for stand-alone mining, and $107.57/bbl for integrated mining. CERI estimates the cost of stand-alone upgrading at $40.82/bbl. When th...
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