About this Report
This report is a comprehensive discussion about the social, economic and environmental impacts of Syncrude’s business activities. Here we review our progress toward sustainable oil sands development, as well as our plans going forward.
The majority of the data and this report are subject to either Syncrude’s controls, internal audit, external review or regulatory review. Some data also are subject to external benchmarking.
The syncrude backgrounder
Syncrude is a leader in Canada’s oil sands industry, with a production capacity equivalent to over 15 percent of the nation’s crude oil requirements. We are also among the top 50 companies in Canada for investment in research and development.
Located north of Fort McMurray, Alberta, our mission is to create wealth for all of our stakeholders from Canada’s oil sands by producing high quality crude oil in an environmentally and socially responsible manner.
Syncrude was incorporated in 1964 and began producing crude oil in 1978. Today we are the world’s largest producer of light, sweet crude oil from the oil sands. Our cumulative production is over 1.8 billion barrels.
The Syncrude Project is a joint venture undertaking among Canadian Oil Sands Limited (36.74%), ConocoPhillips Oilsands Partnership II (9.03%), Imperial Oil Resources (25%), Mocal Energy Limited (5%), Murphy Oil Company Ltd. (5%), Nexen Inc. (7.23%), and Petro-Canada Oil and Gas (12%).
