As an oil sands pioneer, Syncrude has a long history of innovation on which to build future successes in meeting the challenges of oil sands development. Syncrude has been active in the research and development of new technologies and innovations to reduce its impact on the environment and improve operating efficiencies for over 30 years. Through its commitment to finding new and better ways to develop this valuable resource, Syncrude has developed many of the technologies that have become industry standards.

Today, Syncrude invests about $60 million per year -- of which over half is centred on envrionmental improvements - in the industry’s only dedicated R&D program.

About 85 scientists, technologists and support staff work towards tomorrow’s oil sands advancements in a state-of-the-art analytical laboratory.

Industry Collaboration Initiatives
In 2012, a number of oil sands producers formed Canada’s Oil Sands Innovation Alliance ("COSIA"), focused on accelerating the pace of improving environmental performance in Canada’s oil sands. The creation of COSIA builds on the work done by both oil sands industry members and research and development organizations such as the Canadian Oil Sands Network for Research and Development, the Oil Sands Leadership Initiative and the Oil Sands Tailings Consortium. COSIA’s goal is to bring together industry, government, academia and the public to improve measurement, accountability and environmental performance in the oil sands. Both Syncrude and Canadian Oil Sands are members of COSIA

Annual Report 2012

Download PDF

About Us

Quick Links

Investor Briefcase

2013 Guidance Document	93 KB
First Quarter 2013 Report	240 KB
2012 Annual Report	3.75 MB
2012 Annual Information Form	1.44 MB
Monthly Syncrude Production

Stay in touch

We have updated our brand

Syncrude is a joint venture of seven companies.

LEARN MORE

Syncrude upgrades 100% of its production to high-quality, light crude oil

We are commited to sustainable oil sands development.

LATEST PRESENTATION

VISIT OUR GALLERY

Alberta Oil Sand(s) Deposits

The four deposits, Athabasca, Peace River, Cold Lake and Wabasca, have total resource in place estimated at 1.7 trillion to 2.5 trillion barrels. The Athabasca Oil Sands deposit, Alberta's largest and most accessible source of bitumen, contains more than one trillion barrels of bitumen over an area encompassing more than 30,000 square kilometers.

top of page

Bitumen

The molasses-like substance that comprises up to 18 per cent of oil sands. Bitumen, in its raw state, is black, asphalt-like oil. It requires upgrading or blending to make it transportable by pipeline and usable by conventional refineries.

Bitumen cracking

A process that breaks large, complex hydrocarbon molecules into smaller, simpler compounds by means of heat.

top of page

Carbon dioxide (CO₂)

A non-toxic gas produced from decaying materials, respiration of animal life, and combustion of organic matter, including fossil fuels; carbon dioxide is the most common greenhouse gas produced by human activities.

Cokers

Vessels in which bitumen is cracked into its fractions and from which coke is withdrawn to start the process of converting bitumen to upgraded crude oil.

Conventional oil

Petroleum found in liquid form, flowing naturally, or capable of being pumped without further processing or dilution.

Cyclofeeder

Specialized equipment that receives oil sand feed and turns it into a slurry form for transport to the pump box.

top of page

Debottleneck

An undertaking to systematically remove plant capacity limitations through modifications of existing facilities and/or addition of capital facilities.

Diesel cetane count

A quality specification important in the production of diesel fuels.

top of page

Extraction

The process of separating bitumen from oil sand.

top of page

Feedstocks

Raw material supplied to refinery, oil sands upgrader, or petrochemical plant.

Flue gas scrubber/desulphurizer

Equipment that removes sulphur dioxide and other emissions.

Fluid coking

A major part of the upgrading process whereby high temperatures in a coker break down the complex bitumen molecules, reject carbon and cause bitumen molecules to reformulate into lighter fractions that become the main ingredients in upgraded crude oil.

top of page

Greenhouse gases

Any of the various gases that contribute to the greenhouse effect.

top of page

LC-Finer hydroprocessor

A major upgrading unit that breaks down bitumen by adding hydrogen with the aid of a catalyst to produce gas oil.

Line-out

The process of optimizing an operational unit or facility to reach its design capacity.

Low-energy extraction

A process for extracting bitumen that uses about one-third of the energy of the traditional process, bringing significant cost and environmental benefits.

top of page

Middle distillates

A classification of refined petroleum products that includes kerosene, diesel, and jet fuel.

Mine train

Modular units for crushing and mixing the oil sands with warm water to facilitate the extraction of bitumen from the oil sands.

top of page

Naphtha

A refined petroleum product in the lighter classification that is often used to make gasoline.

Netback

Average realized selling price, after hedging, less operating costs and Crown royalties.

top of page

Oil sand(s)

A composition of sand, bitumen, mineral-rich clays and water.

Oil sand(s) lease

A long-term agreement with the provincial government that permits the leaseholder to extract bitumen, other metals and minerals contained in the oil sands in the specified lease area.

Ore grade

The percentage of bitumen by weight in the oil sands.

Overburden

Layer of rocky, clay-like material that lies under muskeg and above oil sands deposits.

top of page

Strip ratio

The ratio of waste (overburden material that covers mineable ore) to ore; used to define the quality of an oil sands ore body.

Sulphur dioxide (SO₂)

A compound of sulphur and oxygen produced by burning sulphur.

Synbit

Typically, a synbit blend is a ~50/50 mix of bitumen and synthetic crude oil.

Syncrude Project

Canadian Oil Sands is a pure investment opportunity in light, sweet crude oil. Through our 36.74% interest in the Syncrude project, we offer a solid, robust production stream of fully upgraded crude oil, exposure to future crude oil prices, potential growth through high-quality oil sands leases and an attractive dividend.

Synthetic crude oil (SCO)

A high-quality product resulting from the mining, extraction and upgrading of bitumen.

top of page

Tailings

A combination of water, sand, silt, fine clay particles and residual hydrocarbon that is a by-product of removing bitumen from oil sand.

Tailings systems

Separation of water from sand and clay to enable incorporation of solids into reclamation landscapes and recycling of water back into the operations.

Tar sands

Oil sands are also referred to as tar sands. Oil sands are a naturally occurring combination of clay, sands, water and bitumen (a heavy, black viscous oil), whereas tar is a man-made substance.

Total volume to bitumen in place (TV/BIP)

The ratio of total ore plus overburden volume to total bitumen in place.

Turnaround

A unit shutdown essential for good maintenance of the mining, producing and upgrading facilities. A turnaround reduces production but does not usually halt it entirely as the various operating units are often duplicated.

top of page

Upgrader

A facility that upgrades bitumen (extra heavy oil) into synthetic crude oil.

Upgrading

The conversion of heavy bitumen into a lighter crude oil by increasing the ratio of hydrogen to carbon, either by removing carbon (coking) or adding hydrogen (hydroprocessing).

top of page

Vacuum Distillation Unit (VDU)

Capable of processing 285,000 barrels of bitumen a day, the VDU pulls streams of light and heavy-gas oil from hot bitumen feed delivered by the diluents recovery unit.

top of page

Site designed by Craib Design & Communications Inc.