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“CERI’s supply study provides a reality check for oil sands industry”
April 8, 2004
In providing an independent and the most up-to-date assessment of bitumen supply costs and production forecasts, CERI’s latest study answers the most important question currently posed by industry stakeholders what are the economic prospects for oil sands projects? Recent developments including the strengthening of the Canadian dollar and higher natural gas prices have conspired with project cost over-runs and other issues to subject proposed projects to closer technical and commercial scrutiny than ever before. CERI’s economic analysis has concluded that many new projects will indeed proceed while others will require innovative solutions to mitigate downside risks including those brought about by the vagaries of crude oil prices. The 200-page study entitled Oil Sands Supply Outlook: Potential Supply and Costs of Crude Bitumen and Synthetic Crude Oil in Canada 2003-2017 was released on March 3rd, 2004. More information…. To view the Oil Sands Supply Outlook webcast from March 3rd, 2004 please follow the link http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=747560
Download March 3rd media presentation file click here

“CERI’s supply study provides a reality check for oil sands industry”
April 8, 2004
In providing an independent and the most up-to-date assessment of bitumen supply costs and production forecasts, CERI’s latest study answers the most important question currently posed by industry stakeholders what are the economic prospects for oil sands projects? Recent developments including the strengthening of the Canadian dollar and higher natural gas prices have conspired with project cost over-runs and other issues to subject proposed projects to closer technical and commercial scrutiny than ever before. CERI’s economic analysis has concluded that many new projects will indeed proceed while others will require innovative solutions to mitigate downside risks including those brought about by the vagaries of crude oil prices. The 200-page study entitled Oil Sands Supply Outlook: Potential Supply and Costs of Crude Bitumen and Synthetic Crude Oil in Canada 2003-2017 was released on March 3rd, 2004. More information…. To view the Oil Sands Supply Outlook webcast from March 3rd, 2004 please follow the link http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=747560
Download March 3rd media presentation file click here