Syncrude

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Brand information:

Website	Syncrude
Country	Canada
Industry	Energy

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Syncrude Canada Ltd. is one of the world’s largest producers of synthetic crude oil from oil sands and the largest single source producer in Canada. It is located just outside Fort McMurray in the Athabasca Oil Sands, and has a nameplate capacity of 350,000 barrels per day of oil, equivalent to about 13% of Canada’s consumption. It has approximately 5.1 billion barrels of proven and probable reserves situated on 8 leases over 3 contiguous sites. Including fully realized prospective reserves, current production capacity could be sustained for well over 90 years. The company is a joint venture between five partners. As a result, Syncrude is not traded directly, but rather through the individual owners. As of February 2018, the partners: Suncor Energy, Imperial Oil, Sinopec and Nexen. Because of Nexen’s subsequent takeover by CNOOC, over 16% of the shares in Syncrude are controlled by Chinese state-owned companies.

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