July 10, 2024
The top 4 oil sands mining producers:
- Canadian Natural Resources Limited (CNRL): Production generally increased steadily from 390 MBbl/d in 2016 to a peak of 575 MBbl/d in 2021 before declining slightly to 540 Bbl/d in 2022.
- Suncor Energy: grew from zero production in 2016 to almost match CNRL at 530 MBbl/d in 2022.
- Imperial Oil: Production showed consistent growth from 170 MBbl/d in 2016 to 260 MBbl/d in 2021 before declining slightly decreased to 240 MBbl/d in 2022.
- Syncrude Canada: a joint venture between Suncor (59%), Imperial Oil (25%), Sinopec (9%), and CNOOC (7%). Production was significant in 2016 and 2017 (320 Bbl/d and 299 Bbl/d, respectively), but no production was reported from 2018 to 2022 individually by Syncrude.
Source: Alberta Oil Sands Royalty Data, 2022