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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]
The Athabasca oil sands, also known as the Athabasca tar sands, are large deposits of oil sands rich in bitumen, a heavy and viscous form of petroleum, in northeastern Alberta, Canada. These reserves are one of the largest sources of unconventional oil in the world, making Canada a significant player in the global energy market.
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. The dam and the tailings reservoir within it are constructed and maintained as part of ongoing operations by Syncrude in extracting oil from the Athabasca oil sands.
Syncrude, which operates a surface mining oil sands plant in northeastern Alberta, is currently implementing a multi-pronged approach to manage tailings - the byproduct of the bitumen extraction ...
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 Shell Scotford Upgrader is an oilsand upgrader, a facility which processes crude bitumen from oil sands into a wide range of synthetic crude oils. The upgrader is owned by Athabasca Oil Sands Project (AOSP), a joint venture of Shell Canada Energy (60%), Marathon Oil Sands L.P. (20%) and Chevron Canada Limited (20%).
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.
The Tar Sands Healing Walk was a 14 km annual prayer walk in demonstration against crude oil extraction in the Athabasca tar sands.It began in 2010, starting just north of the city of Fort McMurray, Alberta at a location known as the Syncrude Loop, and traveling through the heart of the tar sands extraction zone.