2007 2008 2009 2010 2011
Total crude oil production1          
Millions of barrels per year 111.3 105.8 102.2 107.0 105.3
Thousands of barrels per day 305 289 280 293 288
Millions of cubic metres per year 17.695 16.821 16.249 17.012 16.694
Realized SCO selling price ($ per barrel)4 79.29 107.47 69.47 80.53 101.20
Total operating costs2          
Millions of dollars 2,743.8 3,749.6 3,645.8 4,040.2 4,344.44
$ Per barrel of production 24.64 35.44 35.69 37.74 35.65
Capital expenditures3 (millions of dollars) 499.8 765.9 1,198.1 1,376.7 1,477.0
Revenues4 (millions of dollars) 3,250 4,169 2,615 3,180 3,934
Retained earnings5 0 0 0 0 0
Bitumen produced (million barrels) 132.5 121.3 120.0 126.3 125.2
Bitumen recovery (%) 91.8 90.3 90.8 90.7 91.7
Upgrading yield (%) 84.3 85.9 86.9 85.8 85.7
Environmental fines ($ millions) 0 0 0 3.2 0
Environmental protection orders (#) 1 0 0 0 0
  1. Production is Syncrude crude oil shipped.
  2. Operating costs are costs related to the mining of oil sands, the extraction and upgrading of bitumen into Syncrude crude oil, and maintenance of facilities; they also include administration costs, start-up costs, research, and purchased energy. There is no generally accepted accounting definition as to what constitutes “Operating Costs.”
  3. Capital expenditures includes development expense related to sustaining capital and growth capital projects. The accounting treatment of certain costs may vary significantly between different producers; some producers may elect to capitalize or defer and amortize certain expenditures that are recorded as an expense by other producers, and may segment “Corporate” costs.
  4. Production of Syncrude Crude Oil becomes the property of Syncrude’s Joint Venture owners at point of departure from the Syncrude plant. As the operator, Syncrude does not collect revenue from the sale of crude oil or other products. Selling price and revenue reported here reflects only that of Canadian Oil Sands Limited, a 36.74% owner, and is solely meant to provide an indication of performance.
  5. Syncrude’s annual operating and capital expenditures are funded pro-rata by Syncrude’s Joint Venture owners.

Note: These figures may differ from those reported by any of the Joint Venture participants due to differences in reporting conventions and methodology

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