The 2009 global recession, which reduced oil demand and created tight credit conditions, has largely receded. Oil demand, which had declined, has since begun to grow again. Some of the large projects related to heavy crude production, upgrading and refining that had been suspended have been revived. Oil prices have rebounded and investments in higher cost non-conventional oil resources are again being made in many parts of the world. The lower costs that were seen during the recession have also rebounded, though the costs for labor and services are still lower than before the recession.recession. This presentation will take these changes into consideration. This presentation will highlight conventional heavy oil as well as extra-heavy oil and bitumen production projections. This presentation will provide:
* Detailed analysis of North American PADD regions
* Disposition by region - internal market vs. export
* Country-by-country analysis
Resources and state of development
Costs and economics
Political, environmental and regulatory considerations
Production forecasts
* New heavy oil projects and expansions
* Technology, constraints and environmental impacts
* Pricing analysis, cost of processing different quality crudes
Mrs Kristine Klavers
Mrs Laura Atkins
The 2009 global recession, which reduced oil demand and created tight credit conditions, has largely receded. Oil demand, which had declined, has since begun to grow again. Some of the large projects related to heavy crude production, upgrading and refining that had been suspended have been revived. Oil prices have rebounded and investments in higher cost non-conventional oil resources are again being made in many parts of the world. The lower costs that were seen during the recession have also rebounded, though the costs for labor and services are still lower than before the recession.recession. This presentation will take these changes into consideration. This presentation will highlight conventional heavy oil as well as extra-heavy oil and bitumen production projections. This presentation will provide:
* Detailed analysis of North American PADD regions
* Disposition by region - internal market vs. export
