ConocoPhillips is an international oil and gas company with operations worldwide. It has a significant land position and operations in the Canadian oil sands region. The oil sands contain an estimated 1.7 trillion barrels of oil, with about 20% recoverable through mining and the remainder through in-situ production methods like SAGD. New technologies aim to reduce the environmental footprint of oil sands production by using less land, water and energy and producing fewer greenhouse gas emissions per barrel. The oil sands represent a large strategic resource that can provide energy security for North America.
Brazil's Petrobras' plans for the development of the Cascade and Chinook Fields in ultra deep waters of the Gulf of Mexico given by César Palagi
Walker Ridge Asset Manager Petrobras America Inc. February 26th , 2010
Brazil's Petrobras' plans for the development of the Cascade and Chinook Fields in ultra deep waters of the Gulf of Mexico given by César Palagi
Walker Ridge Asset Manager Petrobras America Inc. February 26th , 2010
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. 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
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. 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. 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
12. SAGD Footprint
SAGD development has a similar footprint to conventional oil and
gas development.
Slide 12
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. 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. 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. 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. 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. 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
