RE:RE:Still INTERESTING In Getting 31.23% of Fort Hills From TOTAL
production and capital profile aren't the same as conventional/shale oil. Long story short, it's better to go steady eddy with oilsand as payout isn't quick like shale oil, need to maximize utilization of existing facilities.
- SAGD CAPITAL EFFICIENCIES are the INDUSTRY-LEADING FULL-CYCLE segment
- Cenovus Energy Chistina Lake PHASE G 50,000 bbls/d BOP EXPANSION came in at LESS than $ 16,000 PER BARREL of BOP CAPACITY [2017-2019]
- this works out to LESS than $ 800 million
- COMPARE this to Fort Hills or for that matter OFFSHORE Atlantic platforms
* sure, you are comparing APPLES with ORANGES and PEARS but they are ALL FRUITS (sour bitumen versus light sweet oil) and {SAGD versus MINED DILBIT versus HIGH-PRESSURE conventional offshore oil}
- I do NOT know the MAXIMUM STEAM GENERATION capacity and the MAXIMUM WATER/OIL processing facilities at Firebag so it would be HARD to QUANTIFY a 50,000 bbls/d BOP EXPANSION there
* I am SURE that Suncor has MODELLED and SIMULATED such a project and PROBABLY LESS THAN a 50,000 bbls/d INCREMENTAL capacity increase
* also, there will be a HUGE INFLATIONARY FACTOR from the 2017 to 2019 time frame
- from my IN-DEPTH FOLLOWING of MEG, CVE and others; I came to the CONCLUSION that in the LONG RUN, SAGD operations give the HIGHEST RETURNS on INVESTMENT in the crude oil industry
- of course, the GREEN CULT SCAM with their RIGGED playing field could ALTER this ASSESSMENT
z173