Canadian Oil Sands
Energy Innovations for
    North America

      September 2009
Today’s Presentation

  • Overview of ConocoPhillips
  • COP and Ports to Plains
  • Technology Focus




                ...
ConocoPhillips
  Overview
Worldwide Operations
                                                                                                     ...
COP in Ports to Plains


                    ConocoPhillips Presence in
                    Member states and Alberta Prov...
US Crude Oil Imports




  Sources: EIA, CAPP, internal analysis   Slide 6
Canadian Oil Sands: Huge Resource Base




 • There are an estimated 1.7 trillion barrels of oil in the Canadian Oil Sands...
ConocoPhillips’ Oil Sands Land Position

                                             Syncrude                Relative Ath...
Extraction Techniques: Mining
                          • Uses massive shovels and trucks
                            to s...
Mining Reclamation




                     Slide 10
Extraction Techniques: SAGD




       SAGD = Steam Assisted Gravity Drainage
                                            ...
SAGD Footprint




  SAGD development has a similar footprint to conventional oil and
                      gas developmen...
Comparative Emissions

     Canada’s GHG Emissions                                Global Energy-Related
            by Sec...
Technology Focus - Land


                          • Disturb less land
                             •Smaller facilities a...
Technology Focus - Water


 • Use less water
    •SOR reductions
    •Water from combustion

 • Recycle more
    •Evaporat...
Technology Focus - GHGs


                           • Generate fewer GHGs per
                             barrel of oil
...
Technology Focus - Economics


• Less capital/bbl
   •Improved SOR

• Less opex/bbl
   •Improved SOR
• Less fuel cost/bbl
...
Oil Sands Key Points


  •   The Oil Sands offer strategic energy security for US
       – Massive resource base
       – ...
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2009 pearce

  1. 1. Canadian Oil Sands Energy Innovations for North America September 2009
  2. 2. Today’s Presentation • Overview of ConocoPhillips • COP and Ports to Plains • Technology Focus Slide 2 Slide 2
  3. 3. ConocoPhillips Overview
  4. 4. Worldwide Operations As of Dec. 31, 2008. Alaska Russia Canada Norway United Kingdom Denmark NORTH AMERICA Ireland Belgium ASIA Netherlands Germany Kazakhstan United States EUROPE Azerbaijan Libya South Korea MIDDLE EAST China Puerto Rico Algeria Saudi Qatar Mexico AFRICA Arabia Trinidad Nigeria Vietnam Venezuela Malaysia Singapore Production Colombia Exploration Only Indonesia Ecuador Brazil Timor-Leste Exploration and Production Peru SOUTH Refining AMERICA AUSTRALIA Midstream Chemicals Marketing* (shaded areas) * Marketing is located in the following countries: Austria, Germany, Switzerland, United Kingdom, Ireland and the United States. Map excludes LUKOIL Investment and includes Burlington Resources. Slide 4
  5. 5. COP in Ports to Plains ConocoPhillips Presence in Member states and Alberta Province • Approximately $2.8 Billion in royalties and taxes paid to Provincial, State and Local governments • 82 Million Barrels of Oil Produced Annually • Almost 1.5 Trillion cubic feet of Natural Gas Production Annually • 4 Refineries • 7800 miles of pipeline • 16,000 employees Slide 5
  6. 6. US Crude Oil Imports Sources: EIA, CAPP, internal analysis Slide 6
  7. 7. Canadian Oil Sands: Huge Resource Base • There are an estimated 1.7 trillion barrels of oil in the Canadian Oil Sands (Source: CAPP) • Only 20% can be mined – the rest (1.4 trillion barrels) is too deep • Conventional production methods don’t work for “in-situ” production – the oil won’t flow naturally Slide 7
  8. 8. ConocoPhillips’ Oil Sands Land Position Syncrude Relative Athabasca Land Positions 9% WI Saleski In Situ Mining 100% WI COP EnCana CNRL Thornbury 100% WI Suncor Petro-Can Surmont 50% WI Shell Imperial FCCL Partnership Husky 50% WI Nexen Clyden Total Source: Alberta Energy and Utilities 100% WI Board, Company reports (2006) BP Chevron Note: Figure is for Athabasca region only. Slide 8
  9. 9. Extraction Techniques: Mining • Uses massive shovels and trucks to scoop the sand from the surface and load into trucks. • Taken to crushers, where hot water is added before sent to extraction plant. • Bitumen is extracted from oil sand and water is pumped into settling ponds. • Typically associated with local upgrading to Synthetic Crude Oil. • Only 20% of oil sands can be mined. • The land is reclaimed after it is mined. Slide 9
  10. 10. Mining Reclamation Slide 10
  11. 11. Extraction Techniques: SAGD SAGD = Steam Assisted Gravity Drainage Slide 11
  12. 12. SAGD Footprint SAGD development has a similar footprint to conventional oil and gas development. Slide 12
  13. 13. Comparative Emissions Canada’s GHG Emissions Global Energy-Related by Sector Emissions Source: Environment Canada, Canadian Inventory, Large Source: US Energy Information Adminstration Facility Reports (2005 data) (2005 data) Slide 13
  14. 14. Technology Focus - Land • Disturb less land •Smaller facilities and pads •Longer wells •Low-impact seismic • Use land more efficiently •Increase recovery factor • Reclaim land faster •Faster Forests Slide 14 Slide 14
  15. 15. Technology Focus - Water • Use less water •SOR reductions •Water from combustion • Recycle more •Evaporators/centrifuges • Use higher salinity water •Exploration for water Slide 15 Slide 15
  16. 16. Technology Focus - GHGs • Generate fewer GHGs per barrel of oil •SOR reductions •Vacuum insulated tubing •Energy efficiency • Generate fewer GHGs per barrel of steam •Alternate combustion •Alternate fuels • Facilitate CCS •Improved amine systems •Oxy burn Data source: CERA, 2009 Slide 16 Slide 16
  17. 17. Technology Focus - Economics • Less capital/bbl •Improved SOR • Less opex/bbl •Improved SOR • Less fuel cost/bbl •Alternate fuels •Efficiency • Less CO2/bbl •Lower GHG emissions Slide 17 Slide 17
  18. 18. Oil Sands Key Points • The Oil Sands offer strategic energy security for US – Massive resource base – Stable, friendly country with stringent environmental regulations – Offers energy security for >40% of US demand • GHG emissions from production are high but perspective is needed – Oil sands have similar GHG emissions to oil from Mexico or Venezuela, which are about 15% higher than GHG emissions from light oil – Canadian oil sands emissions are <0.1% of global GHG emissions – Canada has a comprehensive framework to regulate emissions • Technology is the key to reducing oil price and environmental footprint – Project economics are challenged – Technology will improve the economics and environmental footprint Slide 18
  19. 19. Slide 19

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