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Syncrude Canada Ltd. is one of the world's largest producers of synthetic crude oil from oil sands and the largest single source producer in Canada. It is located just outside Fort McMurray in the Athabasca Oil Sands , and has a nameplate capacity of 350,000 barrels per day (56,000 m 3 /d) of oil, equivalent to about 13% of Canada's consumption ...
The agreement called for mining 45,000 tonnes of sands in 1937 and 90,000 tonnes each year after 1938. The 1,555-hectare lease carried a rental of $2.47 per hectare per year. There was to be royalties of $0.063 per cubic metre on production for the first five years, and $0.31 per cubic metre thereafter. Mining at the Abasand plant began May 19 ...
Syncrude's Mildred Lake mine site and plant Only 3% of the initial established crude bitumen reserves have been produced since commercial production started in 1967. At rate of production projected for 2015, about 3 million barrels per day (480 × 10 ^ 3 m 3 /d), the Athabasca oil sands reserves would last over 170 years. [ 144 ]
The Syncrude Tailings Dam, impounding the Mildred Lake Settling Basin (MLSB), is an embankment dam that is, by volume of construction material, the largest earth structure in the world in 2001. [1] It is located 40 km (25 mi) north of Fort McMurray , Alberta, Canada, at the northern end of the Mildred Lake lease area owned by Syncrude Canada Ltd .
A large number of oil sands mines are currently in operation and more are in the stages of approval or development. The Syncrude Canada mine was the second to open in 1978, Shell Canada opened its Muskeg River mine (Albian Sands) in 2003 and Canadian Natural Resources Ltd (CNRL) opened its Horizon Oil Sands project in 2009.
Syncrude Tailings Dam, Fort McMurray, Alberta. A tailings dam is typically an earth-fill embankment dam used to store byproducts of mining operations after separating the ore from the gangue. Tailings can be liquid, solid, or a slurry of fine particles, and are usually highly toxic and potentially radioactive. Solid tailings are often used as ...
As of 2009, Syncrude and Irving Oil were leaders in the Canadian industry, with Syncrude being the top producer of oil sands crude and Irving Oil operating the largest oil refinery in the country. [5] Canadian oil company profits quickly recovered following the 2008 financial crisis; In 2009 they were down 90% but in 2010 they reached $8.4 billion.
The Alberta Energy Company originated in the Syncrude project. In 1957, Cities Service Oil Company of Bartlesville, Oklahoma established a Canadian subsidiary, Cities Service Athabasca Inc., to produce heavy oil in the Athabasca oil sands. The company opened a test plant at Mildred Lake and began strip mining bitumen.