Expenditure on Oil Sands to total $38.2 bn in 2014, According to a New Study on ASDReports

Monday 26 May 2014, Amsterdam

The new report on the Oil Sands Market, available on ASDReports, indicates that total expenditure on in situ as well as mining & upgrading oil sands operations will be $38.2bn in 2014 as the in situ extraction of bitumen ramps up.

The lead author of the report commented that, ”Though oil sands projects are at the higher end of the cost spectrum of the oil & gas industry, the market fundamentals are currently strong enough to encourage significant levels of investment. The oil sands market will initially see high levels of capital expenditure as a wave of under construction and approved projects are completed, while operational costs will rise alongside production increases throughout the next ten years.”

The oil sands market is divided into two main submarkets in the report: the in situ submarket, and mining & upgrading submarket. The report addresses both of these submarkets, quantifying the opportunity for growth they will face over the next ten years. For each submarket, the report analyses and forecasts capital expenditure, operational expenditure and production (bpd), offering the reader a thorough assessment of the oil sands market over the coming decade.

The report also includes full transcripts from interviews with the leading oil sands producer, Suncor Energy, as well as with US Oil Sands, Inc. In addition, the reader will gain knowledge of who the 10 leading players are within the oil sands market through the profiles contained in a dedicated companies’ chapter, detailing each company’s current production, market share, project locations and technologies, and future plans.  The reader will also be able to view contract tables for all projects that are currently operational, under construction, and those with regulatory approval which the report has deemed will move ahead.

The Oil Sands Market 2014-2024 report will be of value to current and potential future stakeholders and/or investors in the oil sands industry. It will also benefit companies and research centres that wish to broaden their knowledge and understanding of a market that is beginning to play an increasingly important role in the global oil industry.