 鲜花( 1)  鸡蛋( 0)
|
Oilsands an emerging global growth star
0 ], k5 m; E4 v# Z) JExxonMobil forecast predicts output of four million barrels a day by 2030
0 q& O. T0 w; J6 g2 C* [ n4 _5 nGordon Jaremko, The Edmonton Journal; ^' Y* ~3 |: T8 K" E4 @# B
Published: 2:37 am
g' t* e& t2 |7 f CEDMONTON - As oil leaps towards a new landmark high of $100 US a barrel, the world's top investor-owned producer has singled out Alberta as an emerging global star of production growth.
! Z2 a- W, A4 L2 x: |: d0 }& n: m Y% H) x y$ J1 x- g+ w
Oilsands output will multiply fourfold to more than four million barrels daily by 2030, ExxonMobil Corp. predicts in a new international industry outlook report. And that forecast errs on the conservative side by projecting "fundamentals" of demand and supply trends instead of relying on prices to stay sky-high, ExxonMobil spokesman Allan Jeffers said Tuesday.
6 J3 t9 o: b+ d$ D6 z7 j& _4 Q3 ]( ~8 C4 t1 v
Oil jumped to $96.67 a barrel, up $2.69 in New York trading Tuesday on fears of global supply disruptions after storms battered North Sea production platforms and guerrillas attacked a pipeline in Yemen.
0 w4 g% S+ A t A% e# x; U% J( V/ u1 p- z4 u
6 D9 z8 e, R- S. m View Larger Image6 Y1 k: K) i8 v7 A6 u
Gasoline prices in Edmonton were 99.9 cents per litre at many stations on Tuesday.
! V, c4 G( H$ ILarry Wong, The Journal
# {) p1 n* B* Y
" Y2 p3 e4 J0 n/ sEdmonton refinery postings for Alberta output Tuesday ranged from $60.74 for low-grade heavy crude to $91.11 for premium oilsands synthetic production. The Canadian benchmarks are translations of international prices, adjusted for pipeline tolls and currency exchange rates.
3 i* Q9 ]- }" N
3 L1 N6 x" R1 [4 E8 pExxonMobil's high oilsands expectations are realistic and reasonable, said Bob Dunbar, an Alberta industry veteran whose Strategy West Inc. specializes in the field.$ @- P8 h; f2 g0 L9 p
4 A" W: X2 Z+ l7 R) q4 WOutput from the northern bitumen belt would grow to six million barrels a day if all known projects were built on their announced schedules, Dunbar said.
! M! r% g9 u& W9 j: [2 O8 S
$ J7 S* o6 H" a7 {While no one believes the current spike will last, the looming new record high is seen as confirming that a new era of premium prices has arrived to stay, he said.3 t9 }( G7 H& Y- e' i. ^7 Y$ L4 `
( W2 y7 o& u9 g1 ?7 M5 f. t- K
When the oilsands rush began in the late 1990s developers only relied on markets to stay in a range of $20 to $30 a barrel. To be profitable, new projects today count on sustained averages in a higher band of $60 to $70, Dunbar estimated. |
|