Lunch and Learn on Economic Impacts of Partial Upgrading

Lunch and Learn on Economic Impacts of Partial Upgrading
PRMIA Calgary and the SAS Institute are hosting a Lunch and Learn on Economic Impacts of Partial Upgrading.


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Agenda Speakers



February 4, 2019


Doors open: 11:45 a.m.
Lunch and Learn:
12:00 p.m. - 1:00 p.m.

Suncor Tower
17th Floor
150 6th Ave SW. Calgary

Despite holding the world’s third largest oil reserve, after Venezuela and Saudi Arabia, Canada faces challenges to unlock the monetary potential of this reserve, because the value realized for the production in the form of bitumen (or bitumen netback) is not high enough to incent investment in this resource. The key drivers for this low realization of bitumen netback are the cost of production, particularly due to cost of blending; low quality of bitumen, generally a lower grade versus all other grades in the market; and lastly constrained takeaway capacity that is acting effectively as a bottleneck keeping a lid on the amount of resource that can be exploited. This presentation highlights how partial upgrading can in fact address all of these issues by: reducing or eliminating blending requirement in a cost effective way, improving quality of the finished product while reducing the exported volume from western Canada, and effectively releasing the pressure on the takeaway capacity. 

 Time   Event
 11:45 a.m. 
  Doors open
 12:00 p.m. - 1:00 p.m.
  Lunch and Learn
Naomi Esfahani, PhD, Senior Markets Analyst, Supply, Trading & Optimization, Suncor Energy

Thank you to our event sponsor! 


This event is FREE for members and for non-members, although registration is required.  Click "Register Myself" below to reserve your spot. There is a maximum capacity of 35. Make sure to click "Continue" to proceed with your registration. (If this is your first time accessing the PRMIA website you will need to create a short user profile to register.) Support chapter events like this by becoming a member


2/4/2019 1:45 PM - 3:00 PM
Suncor Tower, 17th Floor 150 6th Ave SW Calgary, AB CANADA

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