editors ’
President & CEO
Bill Whitelaw / bwhitelaw@junewarren-nickles.com
Publisher
Agnes Zalewski / azalewski@junewarren-nickles.com
Editorial
Editors Deborah Jaremko / djaremko@junewarren-nickles.com Stephen Marsters / smarsters@junewarren-nickles.com Chaz Osburn / cosburn@junewarren-nickles.com Editorial Assistance Joseph Caouette, Marisa Kurlovich / proofing@junewarren-nickles.com Contributors Jim Bentein, Melanie Collison, Gord Cope, Lynda Harrison, Pat Roche Contributing photographers Jeffery Borchert, Mark Mennie, Aaron Parker, Aaron Pedersen, Christina Ryan, Brian Zinchuk
Creative
Production, Pre-Press, and Print Manager ichael Gaffney / mgaffney@junewarren-nickles.com M Publications Manager Audrey Sprinkle / asprinkle@junewarren-nickles.com Publications Supervisor Rianne Stewart / rstewart@junewarren-nickles.com Art Director Ken Bessie / kbessie@junewarren-nickles.com creative services supervisor Tamara Polloway-Webb / tpwebb@junewarren-nickles.com Senior Graphic Designer Birdeen Jacobson / birdeen@junewarren-nickles.com Creative Services Cathy Ozubko, Aaron Parker, Alanna Staver / production@junewarren.com contributing illustrator Nickelas Johnson
Sales
Director of Sales Rob Pentney / rpentney@junewarren-nickles.com Sales Manager—Magazines Maurya Sokolon / msokolon@junewarren-nickles.com Senior Account Executive Diana Signorile / dsignorile@junewarren-nickles.com Account Managers Jerry Chrunik / jchrunik@junewarren-nickles.com Nick Drinkwater / ndrinkwater@junewarren-nickles.com Phil Enarson / westbrier@shaw.ca Michael Goodwin / mgoodwin@junewarren-nickles.com Della Gray / dgray@junewarren-nickles.com Rhonda Helmeczi / rhelmeczi@junewarren-nickles.com Nicole Kiefuik / nkiefuik@junewarren-nickles.com David Ng / dng@junewarren-nickles.com Ad Traffic Coordinator—Magazines Elizabeth McLean / atc@junewarren-nickles.com
Marketing
Senior Marketing Coordinator Alaina Dodge-Foulger / adodge@junewarren-nickles.com Marketing/Trade Show Coordinator Ryan Mischiek / rmischiek@junewarren-nickles.com Marketing Designers Andrew Brien / abrien@junewarren-nickles.com Cristian Ureta / cureta@junewarren-nickles.com
Advisory Board
Christine Bovaird, IHS Energy Walter Dale, GE Infrastructure Tracy Grills, Pinnacle Technologies, Canadian Heavy Oil Association Tim Hazlett, Government of Alberta Deborah Jaremko, JuneWarren-Nickle’s Energy Group Mark Lowey, ISEEE Bill MacFarlane, Nexen, Canadian Heavy Oil Association Stephen Marsters, JuneWarren-Nickle’s Energy Group Chaz Osburn, JuneWarren-Nickle’s Energy Group Rob Pentney, JuneWarren-Nickle’s Energy Group Agnes Zalewski, JuneWarren-Nickle’s Energy Group
Offices
Calgary 2nd Floor, 816-55 Avenue NE, Calgary, Alberta T2E 6Y4 Tel: 403.209.3500 / Fax: 403.245.8666 / Toll-free: 1.800.387.2446 Edmonton 6111-91 Street NW, Edmonton, Alberta T6E 6V6 Tel: 780.944.9333 / Fax: 780.944.9500 / Toll-free: 1.800.563.2946 Subscription inquiries Tel: 1.866.543.7888; Email: circulation@junewarren-nickles.com Heavy Oil & Oilsands Guidebook & Directory is owned by JuneWarren-Nickle’s Energy Group and is published yearly. GST Registration Number 826256554RT Printed in Canada by PrintWest ISSN 1207-7333 ©2010 1072126 Glacier Media Inc. Publications Mail Agreement Number 40069240 Postage paid in Edmonton, Alberta, Canada If undeliverable, return to: Circulation Department, 800-12 Concorde Place, Toronto ON, M3C 4J2 Made in Canada.
note
Sustainable, measured development Like green shoots pushing up through the snow, slowly…but oh so surely, activity is returning to Canada’s oilsands and heavy oil industry. Not that it really stopped. Yes, industry certainly felt the slowdown that was precipitated by the meltdown of the world’s economies and the crash in oil prices beginning in late 2008. And yes, the slowdown continues today. But there is a growing sense of optimism that the worst is over and that a more sustainable, measured pace of development is taking hold. In this fifth edition of the Heavy Oil and Oilsands Guidebook and Directory—an annual publication that showcases Canada’s heavy oil and oilsands industry, its triumphs, and the challenges ahead—you’ll learn about the key people, projects, technologies, and challenges that bear watching in the coming year. You can bet this year will be different than last. For one thing, operating costs have dropped by 13 per cent, according to the Canadian Energy Research Institute. Capital costs to construct new projects, meanwhile, declined by 15 per cent. These two points—coupled with higher oil prices—make it more attractive to invest in Canada again. Already we’ve seen some big announcements about oilsands projects in 2010. Don’t be surprised to hear about more as the year goes on. And be assured that with all the attention of late about the environmental challenges facing industry, you’ll hear more about how producers and suppliers are addressing those concerns. As described in this edition, oilsands companies recognize their environmental footprint and are committed to finding and implementing innovative solutions to manage development more sustainably and responsibly. Technology will play a vital role in greening the oilsands. Operators are pouring millions of dollars into tailings research and reclamation, and funding projects to help reduce natural gas and water use. Provincial and federal governments are contributing billions of dollars to develop carbon capture and storage solutions. Canada’s heavy oil wealth is needed around the world. These resources represent a reliable and stable source of crude. The oilsands will continue to be a vital contributor to American energy security and future supply, but the United States isn’t the only suitor interested in Alberta’s bitumen wealth. The Asian market, and China in particular, is central to leveraging the oilsands as a world-class play. PetroChina’s $1.9-billion acquisition of majority stakes in two projects planned by Athabasca Oil Sands Corp. was officially sanctioned by the federal government at the end of 2009. The deal is China’s largest investment to date in the oilsands. It probably won’t be the last. One cannot underestimate the importance of heavy oil and oilsands to a world with an unquenchable thirst for energy. This publication (as have previous editions) gives you an unparalleled inside look at the industry.
Deborah Jaremko, Stephen Marsters, Chaz Osburn - Editors
H E AV Y O I L & O I L S A N D S G U I D E B O O K & D I R E C T O R Y V
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