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Syncrude Canada Ltd., located in the Athabasca Oil Sands, Alberta, is the world’s largest producer of synthetic crude oil from oil sands and the largest single-source producer in Canada. It supplies about 13% of Canada’s oil requirements and has approximately 5 billion barrels of proven and probable reserves. Syncrude has a production capacity of 350,000 barrels per day with an expected capacity of 425,000 barrels per day by 2020. The company is a joint venture with seven partners, including Canadian Oil Sands Limited, Imperial Oil, Suncor Energy, Nexen, ConocoPhillips, Mocal Energy and Murphy Oil. Syncrude is not traded directly, but rather through the individual partners. Syncrude employs more than 5,000 employees with an additional 1,500 contractors supporting its operations. Since start-up in 1978, Syncrude has made payments in excess of $10 billion for payroll and to governments for royalties, municipal taxes and other Crown charges.
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