osr project list march 2012

CURRENT PROJECT CAPACITY START-UP REgUlATORY STATUS

NORTH ATHABASCA REgION — MININg

Canadian Natural Resources limited

Horizon Updated: Nov 2011

Canadian Natural says that SCO production safely resumed (post-January upgrader fire) in August, steadily growing to 108,000 barrels per day in October. Commissioning is underway on a third ore preparation plant and associated hydrotransport, expected to increase reliability in 2012.

Phase 1 135,000 2008 Operating

Phase 2A 10,000 2014 Approved

Phase 2B 45,000 TBD Approved

Phase 3 80,000 TBD Approved

Imperial Oil limited

• kearl Updated: Jan 2012

Imperial says that Kearl Phase 1 is 87 per cent complete, and is progressing on schedule. Modules have been reduced in size and permits for additional U.S. interstate highway routes have been received. Re-assembly and integration into the plant facilities continues. Phase 2 sanctioned in December.

Phase 1 110,000 2012 Construction


Phase 3 Debottleneck 70,000 2020 Approved

Shell Albian Sands

• Jackpine Updated: Jan 2012

The Canadian Environmental Assessment Agency is inviting public comment on a revised draft

agreement to establish a joint panel for review of the Pierre River Mine project, as well as revisions

to the existing joint panel agreement for the review of the Jackpine Mine Expansion project. Com-

ment is due February 24.

Expansion 100,000 2017 Approved

Phase 1A 100,000 2010 Operating


Muskeg River

Commercial 155,000 2002 Operating

Expansion & Debottlenecking 115,000 TBD Approved

Pierre River

Phase 1 100,000 2018 Application

Phase 2 100,000 TBD Application

SilverBirch Energy Corporation

• frontier Updated: Jan 2012

Teck Resources will acquire SilverBirch Energy and a new company will be spun out (SilverWillow

Energy Corporation) with the former company’s in situ assets. Teck gains SilverBirch’s 50 per cent

interest in Frontier.




Phase 4 Equinox 40,000 2030 Application


Suncor Energy Inc.

Base Operations Updated: Nov 2011

Suncor says that during the third quarter it completed construction and initiated commissioning of the

hydrogen plant portion of the Millennium Naphtha Unit, and that the hydrotreater portion of the pro-

ject was expected to be complete before the end of 2011. This project is designed to provide flexibility

and boost sweet oil production, helping maximize profits. Suncor is also in the process of deploying

TRO tailings management across its operations, to be complete by the fourth quarter of 2012.

Millennium Debottlenecking 23,000 2008 Operating

Millennium Mine 294,000 1967 Operating

North Steepbank Extension 180,000 2012 Construction

Steepbank Debottleneck Phase 3 4,000 2007 Operating

fort Hills Updated: Nov 2011

Current capital expenditures for Fort Hills are around design base memorandum engineering.

Debottleneck 25,000 TBD Approved

Phase 1 165,000 2016 Approved

Voyageur South Updated: Nov 2010


Syncrude Canada ltd.

Mildred lake/Aurora North & South Updated: Nov 2011

Canadian Oil Sands reports that front-end engineering and design is now complete for its $4.6- billion

Mildred Lake mine train replacements. The target in-service date for the $1.6-billion Syncrude

Emissions Reduction Project has now been extended into the first quarter of 2012.

Aurora South Train 1 100,000 2016 Approved

Aurora South Train 2 100,000 2018 Approved

Base Mine Stage 1 & 2 Expansion 290,700 1978 Operating

Stage 3 Expansion 116,300 2006 Operating

Total E&P Canada ltd.

Joslyn North Mine Updated: Nov 2011

Project partner Suncor Energy says that current capital expenditures are around geological, engi-

neering, regulatory and environmental studies.


Joslyn South Mine Updated: Dec 2010

Phase 1 100,000 TBD Announced

Northern lights Mine Updated: Nov 2010

Phase 1 57,250 TBD On Hold


NORTH ATHABASCA REgION — IN SITU

Athabasca Oil Sands Corp.

• Birch Updated: Jan 2012


Peace River Region

Athabasca Region

Northwestern Saskatchewan

Industrial Heartland Region

Cold Lake Region

Sourced from company releases, the energy resources conservation Board and the Daily Oil Bulletin, with files from Strategy West. for changes and updates, please contact Deborah Jaremko at [email protected]. Disclaimer: oilsands review accepts no liability for errors or inaccuracies in the information provided in this report.

PROJECT STATUS03.12

for even more details on all of these projects, visit www.oilsandsreview.com.

NORTH ATHABASCA REgION

SOUTH ATHABASCA REgION

COlD lAkE REgION

SASkATCHEWAN REgION

INDUSTRIAl HEARTlAND REgION

NEW EXPORT PIPElINES

PEACE RIVER REgION NEW INfORMATION THIS MONTH•

P r o j e c t S tAt u S

38 OILSANDS REVIEW | march 2012


• Dover West Clastics Updated: Jan 2012

Application for the 12,000-barrel-per-day Phase 1 was filed in December 2011.




• Dover West leduc Carbonates Updated: Jan 2012

AOSC says that TAGD piloting will continue through the end of the first quarter of 2012.

Phase 1 Demonstration 6,000 2014 Application

Phase 2 Demonstration 6,000 TBD Application


Birch Mountain Updated: Sep 2011

Phase 1 60,000 2022 Announced


Cenovus Energy Inc.

• Telephone lake Borealis Updated: Jan 2012

Cenovus has filed the environmental impact assessment for a 90,000-barrel-per-day phase com-

mercial project at Telephone Lake.

Phase A 45,000 TBD Application

Phase B 45,000 TBD Application

Dover Operating Corp.

Dover Updated: Oct 2011


Subsequent Phases 200,000 TBD Application

• Mackay River Updated: Jan 2012

PetroChina has exercised its right to purchase the remaining 40 per cent of the MacKay River

project from former partner Athabasca Oil Sands Corp., marking the first time PetroChina will act as

project operator in the oilsands. ERCB project approval was granted in January 2012.





E-T Energy ltd.

Poplar Creek Updated: May 2011

E-T has announced a deal (undisclosed value) with Total E&P Canada for ongoing testing, as well as

$6.86 million in funding from the Climate Change and Emissions Management Corporation.



Pilot 1,000 2007 Operating

Husky Energy Inc.

• Sunrise Updated: Jan 2012

Husky says Phase 1 engineering remains on schedule and budget, the majority of the equipment has

been purchased, more than 50 per cent of the well pairs are complete, piling for the central plant is

underway, the 1,500-person construction camp is in progress, and contractors for the central plant

and field facilities are on site. Design basis memorandum for Phase 2 has been awarded.





Ivanhoe Energy Inc.

Tamarack Updated: Nov 2011

Ivanhoe says that Alberta regulators have completed their initial review of the project application.

Answers to the first round of supplemental information requests were to be delivered to regulators

in Q4/2011. Project sanction remains subject to regulatory approval and financing.




Marathon Oil Corporation

Birchwood Updated: Sep 2011

Pilot 12,000 2016 Announced

Oak Point Energy ltd.

lewis Updated: Nov 2011

Oak Point Energy reports that engineering and procurement is ongoing.

Pilot 1,720 2013 Application

Southern Pacific Resource Corp.

STP-Mckay Updated: Dec 2011

Southern Pacific says several key pieces of the central processing facility have recently been in-

stalled on site, including evaporator towers, steam generation boilers, cogen turbines, heat recovery

steam generators and components of the pipe rack assembly. The project remains on track for

first steam in Q2/2012. The expansion application was filed in November 2011. The environmental

impact assessment was filed in December 2011.


Phase 2A 12,000 2015 Application

Phase 2B 12,000 TBD Application

Suncor Energy Inc.

firebag Updated: Nov 2011

Stage 3 cogen plant is nearing completion. Volumes from Stage 3 are ramping up and expected to

boost production in 2012, along with new infill wells. Construction of infastructure, well pads, and

central plant and cogeneration facilities continues on Firebag Stage 4.

Cogeneration and Expansion 25,000 2007 Operating

Stage 1 35,000 2004 Operating



Stage 3-6 Debottleneck 23,000 TBD Application

Stage 4 62,500 2013 Construction

Stage 5 62,500 2018 Approved

Stage 6 62,500 2019 Approved

lewis Updated: Dec 2010



Mackay River Updated: Nov 2011

Suncor says that new wells coming on stream at MacKay River in the fourth quarter of 2011 and the

first quarter of 2012 are expected to offset natural declines.

MR2 40,000 2016 Application


Sunshine Oilsands ltd.

• Harper Updated: Jan 2012

Sunshine Oilsands is launching an initial public offering on the Hong Kong Stock Exchange, expected

to raise up to $600 million. John zahary, former president and CEO of Harvest Operations Corp.,

has been appointed Sunshine’s new president and CEO.

Carbonate Pilot 1,000 2011 Operating

legend lake Updated: Nov 2011

Sunshine Oilsands has filed its application for the Legend Lake SAGD project.



Phase 2 Expansion 10,000 TBD Announced


Phase 3 Expansion 10,000 TBD Announced

Thickwood Updated: Nov 2011

Sunshine Oilsands has submitted the regulatory application for its Thickwood SAGD project,

anticipating project start-up in 2015.



Phase 2 Expansion 20,000 2020 Announced

march 2012 | OILSANDSREVIEW.COM 39


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• West Ells Updated: Jan 2012

Sunshine has received regulatory approval to proceed with a 10,000-barrel-per-day SAGD project at West Ells.






Joslyn Updated: Dec 2010

Phase 2 10,000 2006 Suspended

Value Creation Inc.

Terre de grace Updated: Dec 2010



Pilot 10,000 TBD Approved

SOUTH ATHABASCA REgION — IN SITU

Alberta Oilsands Inc.

Clearwater West Updated: Dec 2011

Alberta Oilsands anticipates approval for the Clearwater West pilot in 2012, with construction to follow. Shabir Premji has retired as chairman and CEO, replaced by interim CEO Michael Lee and chairman Jack Crawford.



Athabasca Oil Sands Corp.

• Hangingstone Updated: Jan 2012

AOSC says the engineering design basis memorandum is complete and certain long-lead items have been procured, such as evaporators and boilers. Construction is targeted to start in late 2012.




Hangingstone East

Halfway Creek Exploratory Program 10,000 2014 Approved

Hangingstone Pilot Updated: Aug 2011

Experimental Combustion Pilot 1,000 TBD Application

BlackPearl Resources Inc.

• Blackrod Updated: Jan 2012

Alberta Environment is preparing the final terms of reference for the commercial project phases. BlackPearl says production at the pilot is now over 250 barrels per day with an instantaneous SOR of just over 3:1. Expectations are production will reach between 500 and 800 barrels per day later this year.





Pilot 500 2011 Operating


gregoire lake Updated: Sep 2011


grouse Updated: Nov 2011

Regulatory application is targeted for Q1/2012. Alberta Environment has issued its final terms of reference for the Grouse environmental impact assessment.

Commercial 40,000 2017 Announced

• kirby (North) Updated: Jan 2012

CNRL has submitted the environmental impact assessment for all phases at Kirby North and South.



• kirby (South) Updated: Jan 2012

Canadian Natural says construction remains on track and on budget. The company has submitted the environmental impact assessment for all phases of expansion at Kirby North and South.



leismer Updated: Dec 2010


Cenovus Energy Inc.

Christina lake Updated: Nov 2011

Construction of Phase D is 65 per cent complete, Cenovus reports, ahead of schedule and on budget. Construction has started on Phase E and earthworks is underway for Phase F.


Phase 1B 8,800 2008 Operating

Phase C 40,000 2011 Operating

Phase D 40,000 2012 Construction

Phase E 40,000 2013 Approved

Phase F 40,000 2016 Approved

Phase G 40,000 2017 Approved

Phase H 40,000 2019 Announced

foster Creek Updated: Nov 2011

Earthworks is nearing completion for Phases F-H. Detailed engineering, the installation of metal pil-ings and the pouring of concrete continue. Several pipe and equipment rack modules for Phase F are currently being assembled at Cenovus’ Nisku yard, with the first one already delivered to site.

Phase A 24,000 2001 Operating

Phase B Debottleneck 6,000 2003 Operating

Phase C Stage 1 10,000 2005 Operating

Phase C Stage 2 20,000 2007 Operating

Phase D 30,000 2009 Operating

Phase E 30,000 2009 Operating



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Phase F 45,000 2014 Construction

Phase G 40,000 2015 Approved

Phase H 40,000 2016 Approved

Phase I 45,000 2017 Announced

Narrows lake Updated: Nov 2011

Cenovus and partner ConocoPhillips Canada anticipate a response from the ERCB regarding the

Narrows Lake application in the second quarter of 2012.




• Pelican lake grand Rapids Updated: Jan 2012

Cenovus has filed the environmental impact assessment for a commercial project at Pelican-Grand

Rapids.

Phase A 60,000 2017 Application

Phase B 60,000 TBD Application

Phase C 60,000 TBD Application

Pilot 600 2011 Operating

Connacher Oil And gas limited

• great Divide Updated: Jan 2012

Connacher chairman and CEO Dick Gusella has relinquished his post. The company’s board has

announced the initiation of a process to examine all potential strategies for the company going

forward.

Algar Pod 2 10,000 2010 Operating

Expansion 24,000 2014 Application

Pod 1 10,000 2007 Operating

ConocoPhillips Canada limited

Surmont Updated: Aug 2011

ConocoPhillips says it has received regulatory approval to increase production capacity of Phase 2

to 109,000 barrels per day, up from the previously approved 83,000 barrels per day.




Devon Canada Corporation

Jackfish Updated: Dec 2011

Devon reports that Jackfish 3 construction is now underway, and that Jackfish 2 volumes are ramp-

ing up ahead of plan and on target to reach capacity of 35,000 barrels per day by late 2012.





Pike Updated: May 2011

Devon reports successful completion of 135 appraisal wells on its Pike lease, with results consistent with company expectations. Regulatory application is anticipated for the first phase of the project in the first half of 2012.

1A 35,000 2016 Announced

1B 35,000 2017 Announced

1C 35,000 2017 Announced

grizzly Oil Sands Ulc

• Algar lake Updated: Jan 2012

Grizzly’s first phase is now under construction. Detailed engineering and design are complete, all equipment is procured, Ledcor has commenced module assembly and SAGD well pair drilling is set to commence in Q1.



Harvest Operations Corp.

• Blackgold Updated: Jan 2012

Harvest president and CEO John zahary has stepped down and will be replaced Myunghuhn yi as part of the transition of ownership to Korea National Oil Corporation.



Husky Energy Inc.

McMullen Updated: Nov 2011

Facilities commissioning is complete, and steam injection (the first phase of the process) began in September of 2011.

Air Injection Pilot-Experimental 755 2012 Construction

Japan Canada Oil Sands limited

• Hangingstone Updated: Jan 2012

JACOS owner Japan Petroleum Exploration is delaying a decision on an expansion at Hangingstone until mid-2012 due to a delay in regulatory approval.

Expansion 35,000 2015 Application

Hangingstone Pilot Updated: Aug 2011

JACOS owner JAPEX says regulatory approval for expansion is anticipated this fall, and an invest-ment decision will follow.


laricina Energy ltd.

germain Updated: Dec 2011

Civil site construction is complete. Well pair drilling has commenced. Procurement, engineering and module fabrication continues. Laricina has commenced an expansion of its camp to support project construction. Laricina has submitted the environmental impact assessment for its 150,000-barrel-per-day expansion at Germain.

Phase 1 Commercial Demonstration 5,000 TBD Construction







Saleski Updated: Nov 2011

Laricina says the Saleski pilot sold 26,300 barrels of bitumen as of the end of Q3 in 2011. Pilot testing continues with an additional steam cycle added to each operating pair. The company has received regulatory approval for the addition of a second steam generator. The Phase 1 application continues to move through the regulatory process, and now first steam is targeted for early 2014 rather than late 2013.



MEg Energy Corporation

Christina lake Updated: Nov 2011

MEG says that production at Christina has quickly bounced back to capacity following a turnaround. It has completed the connections for two new steam generators and the tie in of two infill wells and four new well pairs to existing operations. Detailed engineering on Phase 2B is 84 per cent complete and construction is 22 per cent complete, remaining on time and on budget.

Phase 1 Pilot 3,000 2008 Operating


Phase 2B 35,000 2013 Construction

Phase 3A 50,000 2016 Application

Phase 3B 50,000 2018 Application

Phase 3C 50,000 2020 Application

Surmont Updated: Dec 2010



N-SOlV Corporation

Dover Updated: Aug 2011

N-Solv and partner Suncor Energy have been granted funding from the Government of Canada under Sustainable Development Technology Canada to develop the N-Solv pilot.

Demonstration Plant 500 2012 Announced

Nexen Inc.

• long lake Updated: Jan 2012

Nexen CEO Marvin Romanow and EVP Canada Gary Nieuwenburg have stepped down. Kevin Reinhart, previously CFO, will become interim president and CEO.

Long Lake South (Kinosis) Phase 1 40,000 TBD Approved

Long Lake South (Kinosis) Phase 2 40,000 TBD Approved





Paramount Resources ltd.

Hoole Updated: Nov 2011

Paramount is spinning off its oilsands assets, including Hoole and carbonate leases, into a new firm called Pixar Petroleum Corp. The company says the majority of work necessary for the Hoole regu-latory application has been completed, together with preliminary front-end engineering and design, reservoir modelling and simulation.



Petrobank Energy And Resources ltd.

Conklin (Whitesands) Updated: Oct 2011

Expansion 1,900 TBD On Hold

Pilot 1,900 2006 Suspended

• May River Updated: Jan 2012

Public hearing to be held in March. Regulatory approval anticipated in mid-2012. Engineering,

timelines and internal approval to be finalized post-regulatory approval.


Subsequent Phases 90,000 TBD Disclosed

Statoil

kai kos Dehseh Updated: Aug 2011

Corner 40,000 2015 Approved

Corner Expansion 40,000 TBD Application

Hangingstone 20,000 TBD Application

Leismer Commercial 10,000 TBD Approved

Leismer Demonstration 10,000 2010 Operating

Leismer Expansion 20,000 TBD Approved

Leismer Northwest 20,000 TBD Application

Leismer South 20,000 TBD Application

Thornbury 40,000 TBD Application

Thornbury Expansion 20,000 TBD Application

Suncor Energy Inc.

Chard Updated: Dec 2010


Meadow Creek Updated: Dec 2010



Value Creation Inc.

TriStar Updated: Jan 2011

Value Creation is providing the ERCB with additional information supporting its application.


COlD lAkE REgION — IN SITU


Primrose/Wolf lake Updated: Nov 2011

Canadian Natural plans five new pads at Primrose East and three new pads at Primrose South

in 2012.

Primrose East 32,000 2008 Operating

Primrose North 30,000 2006 Operating

Primrose South 45,000 1985 Operating

Wolf Lake 13,000 1985 Operating




Husky Energy Inc.

Caribou Updated: Nov 2010

Demonstration 10,000 TBD Approved

• Tucker Updated: Jan 2012

Production at Tucker has increased significantly, exiting 2011 at over 9,000 barrels per day versus 4,000 barrels per day the previous year.


Imperial Oil limited

• Cold lake Updated: Jan 2012

Cold Lake established a production record in 2011, averaging 160,000 barrels a day, compared to the previous annual record of 154,000 barrels a day in 2007.

Phase 1-10 110,000 1985 Operating

Phase 11-13 30,000 2002 Operating

Phase 14-16 30,000 2015 Approved

koch Exploration Canada Corporation

gemini Updated: Nov 2011

The ERCB will hold a public hearing on the proposed Gemini project in Cold Lake, Alta., on February 22, 2012.

Commercial 10,000 TBD Application

Pilot 1,200 TBD Application

Osum Oil Sands Corp.

• Taiga Updated: Jan 2012

Osum has completed a $500-million private placement. The company has raised in excess of $1 billion in private equity since inception.



Pengrowth Energy Corporation

lindbergh Updated: Nov 2011

Surface engineering and procurement are underway. Drilling of two SAGD well pairs has begun, with first steam planned for January 2012. Submission of regulatory application for the commercial project is anticipated in late 2011 or early 2012.

Commercial 12,500 TBD Announced

Pilot 1,200 2012 Approved

Royal Dutch Shell plc

Orion Updated: Dec 2010



PEACE RIVER REgION — IN SITU

Andora Energy Corporation

Sawn lake Updated: Nov 2011

Andora Energy majority owner PanOrient Energy Corp. says the previously announced strategic review continues, but no bids have been received either to purchase the company or to farm in to the asset. The process continues.

SAGD Demonstration 1,400 TBD Approved


Northern Alberta Oil ltd.

• Sawn lake Updated: Jan 2012

Company owner Deep Well Oil & Gas says DeGolyer & MacNaughton Canada has completed its reservoir modelling for a proposed horizontal cyclic steam stimulation pilot at Sawn Lake, conclud-ing the project would yield commercial viable extraction. Deep Well is currently preparing a pilot plan and options for capitalization.

CSS Pilot 700 TBD Approved

Petrobank Energy And Resources ltd.

• Dawson Updated: Jan 2012

Petrobank says the Dawson THAI pilot is 75 per cent complete and will be complete in Q2. Full field development is being considered, targeting regulatory filing in Q3.


THAI Demonstration-Experimental TBD TBD Construction

Royal Dutch Shell plc

Peace River Updated: Dec 2011

Alberta’s environmental assessment director has deemed complete Shell Canada’s environmental impact assessment report for the Carmon Creek expansion.

Cadotte Lake 12,500 1986 Operating

Carmon Creek - Phase 1 40,000 2015 Application

Carmon Creek - Phase 2 40,000 TBD Application

Southern Pacific Resource Corp.

Red Earth Updated: Nov 2011

Southern Pacific reactivated the project earlier this year and is currently testing three different wellbores with different cyclic steam stimulation configurations.

Commercial 10,000 TBD Announced


Pilot Expansion 3,000 TBD Announced

SASkATCHEWAN REgION — IN SITU

Oilsands Quest Inc.

• Axe lake Updated: Jan 2012

Oilsands Quest has entered into a solicitation process looking for offers to acquire or restructure the company.

Commercial 30,000 TBD On Hold

Reservoir Test 600 2008 On Hold

SAGD Pilot TBD TBD On Hold

NORTH ATHABASCA REgION — UPgRADER


Horizon Updated: Nov 2011

Canadian Natural says that SCO production safely resumed (post-January upgrader fire) in August of 2011, steadily growing to 108,000 barrels per day in October. Commissioning is underway on a third ore preparation plant and associated hydrotransport, expected to increase reliability in 2012.


Phase 2A 10,000 2014 Approved






Ivanhoe Energy Inc.

Tamarack Updated: Nov 2011

Ivanhoe says that Alberta regulators have completed their initial review of the project application. Answers to the first round of supplemental information requests are being prepared, to be delivered to regulators in Q4/2011. Project sanction remains subject to regulatory approval and financing.


Suncor Energy Inc.

Base Operations Updated: Nov 2011

Suncor says that during the third quarter it completed construction and initiated commissioning of the hydrogen plant portion of the Millennium Naphtha Unit, and that the hydrotreater portion of the project was expected to be complete before the end of 2011. This project is designed to provide flex-ibility and boost sweet oil production, helping maximize profits. Suncor is also in the process of deploy-ing TRO tailings management across its operations, to be complete by the fourth quarter of 2012.

Millennium Coker Unit 97,000 2008 Operating

Millennium Vacuum Unit 35,000 2005 Operating

U1 and U2 225,000 1967 Operating

fort Hills Updated: Nov 2011

Current capital expenditures for Fort Hills are around design base memorandum engineering.


Phase 2 & 3 145,000 TBD Approved

Voyageur Upgrader 3 Updated: Nov 2011

Current capital expenditures are around remobilizing the workforce, confirming current design and modifying project execution plans.



Syncrude Canada ltd.

Mildred lake/Aurora North & South Updated: Nov 2011

Canadian Oil Sands reports that front-end engineering and design is now complete for its $4.6- billion Mildred Lake mine train replacements. The target in-service date for the $1.6-billion Syncrude Emissions Reduction Project has now been extended into the first quarter of 2012.

Base Plant Stage 1 & 2 Debottleneck 250,000 1978 Operating

Stage 3 Debottleneck 75,000 TBD Announced

Stage 3 Expansion (UE-1) 100,000 2006 Operating

Value Creation Inc.

Terre de grace Updated: Dec 2010



Pilot 8,400 TBD Approved

SOUTH ATHABASCA REgION — UPgRADER

Nexen Inc.

• long lake Updated: Jan 2012

Nexen CEO Marvin Romanow and EVP Canada Gary Nieuwenburg have stepped down. Kevin Reinhart, previously CFO, will become interim president and CEO.





Value Creation Inc.

TriStar Updated: Jan 2011

Value Creation is providing the ERCB with additional information supporting its application.

Pilot 840 TBD Application

INDUSTRIAl HEARTlAND REgION — UPgRADER

North West Upgrading Inc.

Redwater Upgrader Updated: Sep 2011

Final sanction was anticipated to be late 2011 or early 2012. Alberta’s Industrial Heartland Association expects to see activity ramping up this fall, including moving project management trailers onto the site, improvements to the approaches to the site and some site grading.





Shell Albian Sands

Scotford Upgrader 1 Updated: Dec 2011

The first commercial production from the Scotford upgrader expansion was announced in May 2011. Engineers will now focus on improving operating efficiencies and adding capacity through debottlenecking. Alberta’s environmental impact assessment director has deemed complete the environmental impact assessment report for Shell Canada’s Quest carbon capture and storage project from the Scotford upgrader.

Commercial 158,000 2003 Operating

Expansion 91,000 2011 Operating

Scotford Upgrader 2 Updated: Nov 2010

Shell withdrew its application for all phases of Scotford Upgrader 2 in fall 2010.

Phase 1 97,750 TBD Cancelled




Statoil

Strathcona Updated: Mar 2010

Application withdrawn in December 2008.




Northern lights Updated: Nov 2010

Previous project owner Synenco Energy withdrew the Northern Lights upgrader application in June

2008. Total purchased Synenco in August 2008.



Strathcona Updated: Dec 2010

Total says it will not proceed with its Strathcona upgrader.

Debottlenecking 46,000 TBD Cancelled



Value Creation Inc.

Heartland Updated: Nov 2010

Construction was suspended in September 2008.




NEW EXPORT PIPElINES

Enbridge

Northern gateway Updated: Dec 2011

The federal joint-review panel into the Northern Gateway project has confirmed the schedule for

community hearings up to early April 2012.

Alberta to Kitimat, B.C.525,000 plus 70,000 diluent line

2017 Application

kinder Morgan Canada

Trans Mountain Expansion (TMX) Updated: Nov 2011

Expansion open season began on Oct. 20, 2011, and ended on Jan. 19, 2012.

Edmonton to Burnaby, B.C., Washington State and offshore

Expansion up to 700,000 n/q Announced

TransCanada Pipelines

keystone Expansion Updated: Nov 2011

Approval by U.S. Department of State delayed pending review of revised route. The decision is now

not expected until 2013.

Cushing, Okla., to U.S. Gulf Coast 500,000 TBD Announced



osr project list march 2012

Documents

operating phase

application phase

construction phase

tbd approved phase

kearl phase

operating millennium

expansion project

approved voyageur south