RE:RE:10 Well Workover ResultsThat came from the 2019 Reserves pricing. Cost optimization continue to reduce operating costs.
Based on the assumptions presented in Chapter 2, the supply costs of crude bitumen for a greenfield steam-assisted gravity drainage (SAGD) project and an expansion phase SAGD project are presented in Figure E.1.
The plant gate supply costs, which exclude transportation and blending costs, are C$40.61/bbl for a SAGD project and C$27.60/bbl for an expansion phase SAGD project.
A comparison1 of field gate costs from the 2018 update with this year’s supply costs indicates that, after adjusting for inflation, the supply cost for a greenfield SAGD producer has decreased by 11 percent, and by 6 percent for an expansion SAGD.