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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. [1]
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.
In 2015 Suncor courted Canadian Oil Sands, the largest owner of the Syncrude project with 37% ownership (compared with Suncor's 12%), with proposals for acquisition and hostile takeover. [17] In January 2016 they reached an agreement with Suncor acquiring COS for C$6.6 billion, raising its Syncrude ownership to 49%. [18]
Job seekers pondering a new career in the gas and oil sector can check out the list of positions below, and see if they have the skills and temperament to join America's 21st century energy ...
The article KBR to Execute Oil Sands Tailings Management Project for Syncrude Canada Ltd. originally appeared on Fool.com. Try any of our Foolish newsletter services free for 30 days .
Synthetic crude is an intermediate product produced when an extra-heavy or unconventional oil source is upgraded into a transportable form. [1] Synthetic crude is then shipped to oil refineries where it is refined into finished products. [1] Synthetic crude may also be mixed, as a diluent, with heavy oil to create synbit. Synbit is more viscous ...
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