Uncontained Wild Fire Prolongs Shutdown of Oil Sands Facilities
The Fort McMurray wild fire remains uncontained and Oil Sands operators are either shut down or running at reduced rates. ESAI Energy estimates total Oil Sands production of synthetic crude oil and non-upgraded bitumen will average 1.5 million b/d in May, about 720,000 b/d lower than April production of 2.2 million b/d. This loss represents roughly 375,000 b/d of synthetic crude oil and 345,000 b/d of undiluted bitumen. The reduction in undiluted bitumen production results in a loss of diluent demand estimated to be roughly 125,000 b/d in May. The impact to blended bitumen sales is a decline of about 470,000 b/d.