Financial Results
- 2006 Business Results
- Joint Venture Operating Costs
- Stage 3 Project Complete
- 2006 Operational Highlights
- Research and Development
- 2007 Outlook
Future Growth Potential
Syncrude’s Stage 3 expansion was completed and brought on line in 2006. It will be followed by completion of the Syncrude Emissions Reduction Project in 2009, which will ultimately reduce SO2 emissions to 100 tonnes per day, or 40 per cent of pre Stage 3 daily SO2 emissions, when operating at full capacity in 2011.
Syncrude has additional opportunities to grow beyond Stage 3. Total recoverable resources are sufficient for Syncrude to increase production to more than 500,000 barrels per day on a sustained basis for decades to come. Development of these projects will be contingent on meeting strict economic, capital and operating cost, and environmental performance criteria.
Syncrude has to date produced over 1.7 billion barrels of synthetic crude oil from its oil sands leases. Syncrude aims to remain at the forefront of oil sands research and profitable, sustainable resource development. Ongoing investment in physical and human resources, industry-leading land reclamation practices, environmentally friendly technologies and energy conservation initiatives will sustain Syncrude’s contributions to social and economic development in Alberta and Canada for decades to come.
