WOODMAC: OIL SANDS CASH FLOWS TO FALL BY $23B IN NEXT TWO YEARS

摘要

The operational cost of extracting bitumen from Canada's oil sands tops out at $37 per barrel for in-situ projects and $40 per barrel for mining projects, according to Wood Mackenzie. Callan McMahon, principal analyst Wood Mackenzie, says this is among the highest of all project types globally. "With low oil prices, the oil sands region's cash flows will falI by $23 billion in 2015 and 2016 combined," he said.