The forgotten oil sands projects
Perhaps you saw Imperial's complaints about the regulatory process in Alberta this week in the news.
Their stranded Aspen SAGD application has been waiting over 4 years for approval. Did you know there are twenty oil sands applications that have been waiting over a year?
Using AppIntel you can see the application approval time for all oil sand projects. You can also find out how many applications have been refused by the regulator.
Five of those twenty applications have been waiting for over six years for approval. One in particular, has been through 3 rounds of Supplemental information requests and has an approved EIA but is still waiting.
Get this application from our self serve web portal.
Buy these submission docs now Subscribers get them for free?subject=Please help me make sure my application doesn't get stuck&body=Please help me make sure my application doesn't get stuck at the regulator.%0D%0A%0D%0AMy Name:__________ %0D%0AMy Phone Number:__________%0D%0AType of my application____________%0D%0A%0D%0AI need to submit it by _____________%0D%0A%0D%0A(Or call Proven Sales at 403-803-2500.)">Contact Proven for help. We have a list of 34 reasons your application might get stuck at the regulator. We have 42 strategies to make sure it doesn't.
Here's the list of the twenty oldest oil sands applications. None of these are approved yet.
| Delay (years) | Application | Registered | Applicant | Project |
|---|---|---|---|---|
| 6.5 | 1707256 | 15-Nov-2011 | Laricina Energy Ltd. | Germain |
| 6.5 | 1707306 | 15-Nov-2011 | Southern Pacific Resource Corp. | McKay |
| 6.4 | 1709100 | 28-Nov-2011 | Sunshine Oilsands Ltd. | Legend Lake |
| 6.4 | 1711199 | 12-Dec-2011 | Athabasca Oil Corporation | Dover West |
| 6.2 | 1720859 | 01-Mar-2012 | Canadian Natural Resources Limited | Grouse |
| 5.9 | 1731610 | 25-Jun-2012 | Southern Pacific Resource Corp. | McKay |
| 5.6 | 1739105 | 13-Sep-2012 | MEG Energy Corp. | Surmont |
| 5.6 | 1740129 | 25-Sep-2012 | Value Creation Inc. | Tristar |
| 5.2 | 1756260 | 28-Feb-2013 | OSUM Oil Sands Corp. | Sepiko Kesik |
| 5.0 | 1762708 | 17-May-2013 | Athabasca Oil Corporation | Hangingstone |
| 4.5 | 1778538 | 06-Nov-2013 | Prosper Petroleum Ltd. | Rigel |
| 4.4 | 1782389 | 11-Dec-2013 | Grizzly Oil Sands ULC | May River |
| 4.4 | 1782988 | 17-Dec-2013 | Imperial Oil Resources Ventures Limited | Aspen |
| 3.9 | 1800069 | 20-Jun-2014 | ConocoPhillips Canada Resources Corp. | Surmont 3 |
| 3.5 | 1815228 | 19-Nov-2014 | Koch Oil Sands Operating ULC | Dunkirk |
| 3.1 | 1827947 | 15-Apr-2015 | Value Creation Inc. | Tristar |
| 2.9 | 1831433 | 05-Jun-2015 | PTTEP Canada Limited | Thornbury |
| 2.1 | 1854138 | 11-Mar-2016 | Imperial Oil Resources Limited | Cold Lake |
| 1.4 | 1875384 | 13-Dec-2016 | Koch Oil Sands Operating ULC | Selina |
| 1.2 | 1880245 | 21-Feb-2017 | MEG Energy Corp. | May River |
You help yourself to any application from our web portal.
Approval statistics in AppIntel
How long before you can capture the value locked just behind an AER approval? The smartest oil sands operators use AppIntel for approval stats. AppIntel is the only source of approval statistics.
In AppIntel they find out how long applications are taking to be approved. It really helps in their project planning when application approval is on the critical path.
When these operators find applications that take a very long time to approve, they investigate the reasons for delay -- and try to avoid those speed bumps.
?subject=I want a one day trial of AppIntel&body=Sign me up fro a one day AppIntel trial so I can check out closure statistics. %0D%0A%0D%0AMy Name:___%0D%0AMy Phone Number:____%0D%0A%0D%0AType of applications:___%0D%0A%0D%0APricing: https://www1.appintel.info/short-term-search/%0D%0A%0D%0A(Or call AppIntel Sales at 403-803-2500.)">Contact us now for a one day trial.
Reading the Supplemental Information Requests (SIR) of a stuck application helps you know the regulator's hot buttons. AppIntel has all the SIRs.
Find out why the regulator refused applications
When you apply, you need your application approved -- duh. What's the use of a refused application? Why pay for such a travesty?
But did you know that some months up to 50% of applications are refused by the regulator? Knowing what made the regulator refuse their applications will help you make sure yours is approved.
Delayed applications costs big money
For every month you wait on a critical path approval, you lose 1% of your projects NPV depending on your discount rate. If your project takes 48 months to approve (like one recent operator) you have lost 48% of your NAV.
And oil companies have lost over $345 million in closed applications. How much has your company lost?
Only AppIntel allows you to see which applications are held up. Only AppIntel helps you read the correspondence between the regulator and operators of slow and refused applications.
?subject=Fix my stuck application&body=Will you fix my application that's stuck at the regulator? %0D%0A%0D%0AMy Name:__________ %0D%0AMy Phone Number:__________ %0D%0A%0D%0AApplication number:____________ %0D%0A%0D%0A(Or call Proven Sales at 403-803-2500.)">Contact Proven now before it's too late.
Tags: AER application, Closure, Thermal, AppIntel advantage, Heavy Oil
Granger Low 1 May 2018
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