March 09, 2007

Cost of Bitumin from Canadian Oil Sands Skyrocketing
Canadian Oil Sands Developments: Will Cost Hyper-inflation Curb Attractiveness?
Press release, Woods Mackenzie, March 2007
In its latest analysis of Canada's oil sands assets, Wood Mackenzie finds that capital costs per peak flowing barrel have increased by some 55% since the beginning of 2005, putting pressure on returns on investment in an area where project economics are already considered relatively marginal.