The program of the Fort Hill oil sands project by Sarens

Reduced oil prices have forced many energy investors to worry about the safety of their payments, far less than the potential for future growth that was predicted for the 2016’s second half.

However, many hope that the purchase of new shares will remain at the same level or even decline & some people hope that the current oil situation will last longer, which will improve the long-term outlook.

The recession demonstrates how a strong balance, an integrated model & a clear strategy can help a company swim across the sea of changes & reach the opposite bank much stronger.

Activities of Sarens in the framework of the Fort Hill oil sands project

In the course of 2014, the firm received 51% of the profit from operations of the Fort Hills oil sands project for the extraction of oil from sand, 16% from exploration & working in other fields & 33% from transportation, refining & marketing operations that include four oil refineries, a Canada’s largest ethanol plant & more than 1,500 Canadian gas stations. With the collapse of oil prices, Suncor’s profit during the first nine months of 2015 consisted of 6% of the oil sands, 6% of exploration & production & 88% of the deal marketing & sales.

Features of oil sands

Oil sands in this area are one of the largest in the world & with current levels of extraction, stocks will last almost 40 years. The company built its first installation on oil sand in 1967. For the most part, other energy companies have not begun investing in land & mining infrastructure in that region within several more decades.

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This probably helped the company declare ownership of the most attractive areas, as well as gaining significant practical experience for the effective management of complex projects in oil sands.

The company has a network of assets (for example, thousands of kilometers of pipelines, more than 7,000 railway carriages, storage tanks for more than 11 million barrels in terminals strategically located throughout North America, etc.) that help it take advantage of the difference between production resources & selling them to the end customer.