Edmonton, AB: 220-9303 34 Avenue NW T6E 5W8 Phone: 780.944.9333 Fax: 780.944.9500 Toll Free: 1.800.563.2946 Calgary, AB: 2nd Flr-816 55 Avenue NE T2E 6Y4 Phone: 403.209.3500 Fax: 403.245.8666 Toll Free: 1.800.387.2446 If you would like additional copies of this chart or have questions/comments, please call 1.800.563.2946 or email [email protected]. Every precaution has been taken to prevent errors or omissions and the publisher assumes no responsibility for damages caused by any errors or omissions. ATHABASCA OILSANDS LEASE MAP – SEPTEMBER 2016 COMPLETE EVALUATION OF ALBERTA BITUMEN & OILSANDS DEPOSITS • Probabilistic and Deterministic Reserves / Resource Assessment • Full Field Development Planning - SAGD - CSS • Reservoir Modelling - SAGD - CSS • Engineering Analysis • Petrophysical Studies • Geophysical Studies • Geological Studies • Reservoir Studies • Economic Forecasts • Sensitivity Analysis WORLDWIDE PETROLEUM CONSULTING IN OVER 100 COUNTRIES DeGolyer and MacNaughton Canada Limited Suite 1430, 311 - 6 Avenue SW Calgary, Alberta, Canada T2P 3H2 [email protected] Calgary: 403.266.8680 BUILT TO DELIVER FROM PLANNING TO PROGRESSIVE TURNOVER www.phoenixindustrial.ca ISO 9001 14001 18001 1-866-778-3130 FABRICATION • MODULARIZATION • CONSTRUCTION • MAINTENANCE VISIBILITY • VALUE • ACCOUNTABILITY A LEADING POLYTECHNIC COMMITTED TO STUDENT SUCCESS CENTRE FOR OIL SANDS SUSTAINABILITY We work closely with business and industry to carry out applied research, pilot testing and technology development designed to meet the needs of Alberta’s oil sands industry. FOR MORE INFORMATION 780.471.8484 | [email protected] nait.ca/oilsands Inform. Connect. Grow. jwnenergy.com Your resource for the latest oil and gas news, research reports, data and event information—updated daily. Sign up for your free daily energy e-news alert today. 1 1 2 2 2 3 3 4 4 5 5 6 6,63 6,63 6,63 6,63 6 6 6 6 7 8 9 10 11 12 13 13 13 14 15 15 15 15 16 17 18 19 19 19 19 20 20 20 20 20 21 21 21 22 22 22 23 24 24 24 24 24 24 24 24 25 26 27 28 29 30 30 31 32 33 34 35 36 37 38 39 39 39 39 39 39 39 39 40 41 41 42 42 43 43, 76 43 43 44 45 45 46 46 46 46 46 46 46 47 48 49 50 51 52 52 53 54 55 56 57 57 57 58 58 58 59 59 59 59 59 59 59 59 59 60 61 61 62 62 62 62 62 62 62 62 62 62 63, 100 63, 100 63 63 63 63, 104 63, 104 63 63 64 64 65 65 65 65 65 65 65 65 66 66 66 66 66 67 67 67 67 68,96 69 69 70 71 71 71 71 71 71 72 72 72 72 72 72 72 73 73 73 74 75 75 75 75 75 75 75 75 75 76 76 76,96 76,96 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76, 89 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76, 89 76, 100 76, 100 76 76 76 76, 77 76, 77 76, 77 76 76 76 76 76 76 76 76 76,91 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 76 77 77 77 77 77 77 77 77 77 77 77 77 78 78, 100 78 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79 79,89 80 80 80 80 80 80 80 80 80 80 80 80 80 80,92 80 81 82 83, 100 83 84 84 84 84 84 84 85 85 85 85 85 85 85 86 86 86 86 86 86 87 87 88 76, 89 76, 89 76, 89 76, 89 76, 89 89 90 90 90 90 91 92 92 92 92 92 92 93 94 94 94 95 96 96 43, 96 97 97 97 97 97 97 97 97 97 97 97 97 97 97 97 97 97 97 97 97 97 97 76,97 97 97 97 97 97 97 97 97 97 97 97 97 97 97 97 97 97 97 97 97 98 99 99 99, 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100, 123 101 101 101 101 102 102 102 102 103 103 103 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 104 105 105 105 105 105 105 105 105 105 105 105 106 100,106 100, 106 106 107 107 107 107 107 107 107 107 107 107 107 107 107 107 107 108 109 109 109 109 109 109 110 110 110 110 110 111 111 112 112 112 112 112 112 112 112 112 112 112 112 112 112 112 112 112 112 112 112 112 112 112 112 112 112 112 112 112 113 113 114 114 115 116 117 118 119 119 119 119 119 119 119 119 120 120 120 120 120 120 120 63,120 120 120 120 120 120 121 121 121 121 121 121 121 63, 121 121 121 76,121 121 122 123 123 123 123 123 123 123 123 123 123 124 124 125 126 126 126 126 126 126 126 126 126 126 126 126 127 128 128 128 128 129 129 129 129 129 129 129 129 130 130 130 131 131 132 132 132 133 133 133 134 135 135 135 135 135 135 135 135 135 135 135 135 135 135 135 135 135 100, 135 135 135 135 135 135 135 135 135 135 135 135 135 135 135 135 135 135 135 135 135 135 135 73,135 136 136 136 136 136 136 96, 136 136 136 29,136 137 138 138 138 138 138 138 138 138 139 140 140 140 140 140 140 140 140 140 140 140 140 141 141 141 141 141 141 142 142 142 142 142 142 142 143 144 144 144 144 144 144 144 144 144 144 145 145 145 145 145 145 145 145 145 145 145 145 145 145 145 145 145 146 147 144, 147 147 147 147 76,147 43,147 43,147 29,147 148 148 148 149 150 150 150 150 150 151 152 152 152 152 152 152 153 154 154 154 154 154 154 154 154 154 154 154 154 154 154 154 154 154 154 154 154 154 154 154 154 155 155 156 88 63 661 658 2 33 88 28 55 881 867 866 661 2 855 55 892 827 663 44 812 63 663 36 55 55 881 663 858 63 2 881 2A 813 754 881 63 69 686 Fort McMurray NORTH ATHABASCA REGION SOUTH ATHABASCA REGION NORTH ATHABASCA REGION SOUTH ATHABASCA REGION Gardiner Lakes Namur Lake Peerless Lake Graham Lake Muskwa Lake Fawcett Lake Calling Lake Lesser Slave Lake Lesser Slave Lake Provincial Park Nipisi Lake North Wabasca Lake South Wabasca Lake Winefred Lake Willow Lake Gordon Lake Garson Lake Gipsy Lake Primrose Lake Marie Lake Cold Lake Wolf Lake Moose Lake Heart Lake Siebert Lake Pinehurst Lake Touchwood Lake Lac La Biche Missawawi Lake Flat Lake Beaver Lake Slave Lake Athabasca Lac La Biche Cold Lake North Cold Lake South Lakeland Provincial Park Long Lake Provincial Park Cross Lake Provincial Park Cold Lake Provincial Park Cold Lake Provincial Park Athabasca River Athabasca River Athabasca River 40 27 75 142 117 90 100 17 102 51 5 152 152 111 24 104 41 41 22 47 82 21 133 54 4 4 63 33 72 115 132 92 92 101 29 62 56 83 114 84 10 46 157 160 31 7 60 65 6 131 12 42 50 48 23 37 1 95 107 134 118 88 43 97 79 59 113 154 26 58 33 130 11 9 8 7 6 5 4 3 2 1 26 25 24 23 22 21 20 19 18 104 7 6 5 4 3 2 1 67 66 65 64 63 62 103 102 101 100 99 98 97 96 95 94 93 92 91 90 89 88 87 86 85 84 83 82 81 80 79 78 77 76 75 74 73 72 71 70 69 68 17 16 15 14 13 12 11 10 9 8 *Note: Pink highlight indicates the project phase that is plotted on the map. Projects are plotted once, using the first operating phase or, if not operating, the location of the phase with the most active current status. The map is not to scale. TECHNOLOGY LEGEND ADC USP Accelerated decontamination, ultra-selective pyrolysis (upgrading) BEST Bitumen extraction solvent technology C-SAGD Cyclic steam assisted gravity drainage CSS Cyclic steam stimulation HTL Heavy-to-light upgrading process IN SITU Production technology undisclosed; will use drilling and enhanced recovery SURFACE MINING Truck and shovel mining ORCRUDE Primary upgrading process SAGD Steam assisted gravity drainage SAP Solvent aided process SC-SAGD Solvent cyclic steam assisted gravity drainage STEAM & CO 2 Steam and CO 2 cogeneration co-injection TAGD Thermal assisted gravity drainage UPG Bitumen upgrading OPERATING OILSANDS PROJECTS – NORTH ATHABASCA PROJECT ID OPERATOR PROJECT PHASE TECHNOLOGY CAPACITY PRODUCTION START 41 Canadian Natural Resources Limited Horizon Phase 1 Surface Mining 135,000 2008 Phase 1 Upgrader 110,000 2009 Reliability - Tranche 2 Surface Mining 5,000 2014 Reliability - Tranche 2 Upgrader 5,000 2014 Phase 2A Surface Mining 12,000 2014 Phase 2A Upgrader 12,000 2014 82 Husky Energy Inc. Sunrise Phase 1A SAGD 30,000 2015 Phase 1B SAGD 30,000 2015 47 Imperial Oil Limited Kearl Phase 1 Surface Mining 110,000 2013 Phase 2 Surface Mining 110,000 2015 43 Shell Albian Sands Jackpine Phase 1A Surface Mining 100,000 2010 64 Shell Albian Sands Muskeg River Commercial Surface Mining 155,000 2002 4 Suncor Energy Inc. Base Operations Millennium Mine Surface Mining 294,000 1967 U1 and U2 Upgrader 225,000 1967 Millennium Vacuum Unit Upgrader 35,000 2005 Steepbank Debottlenecking Phase 3 Surface Mining 4,000 2007 Millennium Debottlenecking Surface Mining 23,000 2008 Millennium Coker Unit Upgrader 97,000 2008 North Steepbank Extension Surface Mining 180,000 2012 33 Suncor Energy Inc. Dover Nsolv BEST Pilot Purified Condensing Solvent 300 2014 ESEIEH Pilot Enhanced Solvent Extraction Incorporating Electromagnetic Heating N/A TBD 21 Suncor Energy Inc. Firebag Stage 1 SAGD 35,000 2004 Stage 2 SAGD 35,000 2006 Cogeneration and Expansion SAGD 25,000 2007 Stage 3 SAGD 42,500 2011 Stage 4 SAGD 42,500 2012 Stage 3-6 Debottlenecking SAGD 23,000 2015 58 Suncor Energy Inc. MacKay River Phase 1 SAGD 33,000 2002 Debottlenecking SAGD 5,000 2014 97 Sunshine Oilsands Ltd. West Ells Phase A1 SAGD 5,000 2015 63 Syncrude Canada Ltd. Mildred Lake/ Aurora Base Mine Stage 1 & 2 Expansion Surface Mining 290,700 1978 Base Plant Stage 1 & 2 Debottlenecking Upgrader 250,000 1978 Stage 3 Expansion Surface Mining 116,300 2006 Stage 3 Expansion (UE-1) Upgrader 100,000 2006 OPERATING OILSANDS PROJECTS – SOUTH ATHABASCA PROJECT ID OPERATOR PROJECT PHASE TECHNOLOGY CAPACITY PRODUCTION START 101 Athabasca Oil Corporation Hangingstone HS-1 SAGD 12,000 2015 7 BlackPearl Resources Inc. Blackrod Pilot SAGD 800 2011 48 Canadian Natural Resources Limited Kirby KS1 - Kirby South SAGD 40,000 2013 12 Cenovus Energy Inc. Christina Lake Phase 1A SAGD 10,000 2002 Phase 1B SAGD 8,800 2008 Phase C SAGD 40,000 2011 Phase D SAGD 40,000 2012 Phase E SAGD 40,000 2013 Optimization (Phases C,D,E) SAGD 22,000 2015 23 Cenovus Energy Inc. Foster Creek Phase A SAGD 24,000 2001 Phase B Debottlenecking SAGD 6,000 2003 Phase C Stage 1 SAGD 10,000 2005 Phase C Stage 2 SAGD 20,000 2007 Phase D SAGD 30,000 2009 Phase E SAGD 30,000 2009 Phase F SAGD 30,000 2014 56 CNOOC Limited Long Lake Phase 1 SAGD 72,000 2008 Phase 1 OrCrude 58,500 2009 Kinosis (K1A) SAGD 20,000 2014 28 Connacher Oil and Gas Limited Great Divide Pod One SAGD 10,000 2007 Algar SAGD 10,000 2010 83 ConocoPhillips Canada Limited Surmont Pilot SAGD 1,200 1997 Phase 1 SAGD 30,000 2007 Phase 2 SAGD 118,000 2015 42 Devon Canada Corporation Jackfish Phase 1 SAGD 35,000 2007 Phase 2 SAGD 35,000 2011 Phase 3 SAGD 35,000 2014 37 Japan Canada Oil Sands Limited Hangingstone Pilot Pilot SAGD 11,000 1999 11 MEG Energy Corporation Christina Lake Phase 1 Pilot SAGD 3,000 2008 Phase 2A SAGD 22,000 2009 Phase 2B SAGD 35,000 2013 46 Statoil Leismer Demonstration SAGD 10,000 2010 Commercial SAGD 10,000 2011 OILSANDS PROJECTS UNDER CONSTRUCTION – NORTH ATHABASCA PROJECT ID OPERATOR PROJECT PHASE TECHNOLOGY CAPACITY PRODUCTION START 59 Brion Energy Corporation Mackay River Phase 1 SAGD 35,000 2017 41 Canadian Natural Resources Limited Horizon Phase 2B Surface Mining 45,000 2016 Phase 2B Upgrader 45,000 2016 Phase 3 Surface Mining 80,000 2017 Phase 3 Upgrader 80,000 2017 22 Suncor Energy Inc. Fort Hills Phase 1 Surface Mining 160,000 2017 OILSANDS PROJECTS UNDER CONSTRUCTION – SOUTH ATHABASCA PROJECT ID OPERATOR PROJECT PHASE TECHNOLOGY CAPACITY PRODUCTION START 12 Cenovus Energy Inc. Christina Lake Phase F SAGD 50,000 2016 23 Cenovus Energy Inc. Foster Creek Phase G SAGD 30,000 2016 32 Japan Canada Oil Sands Limited Hangingstone Expansion SAGD 20,000 2016 OILSANDS PROJECTS WITH OPERATIONS RECENTLY SUSPENDED – NORTH ATHABASCA PROJECT ID OPERATOR PROJECT PHASE TECHNOLOGY CAPACITY PRODUCTION START 72 E-T Energy Ltd. Poplar Creek Experimental Pilot ET-DSP 1,000 2012 79 Southern Pacific Resource Corp. STP McKay Phase 1 SAGD 12,000 2012 OILSANDS PROJECTS WITH OPERATIONS RECENTLY SUSPENDED – SOUTH ATHABASCA PROJECT ID OPERATOR PROJECT PHASE TECHNOLOGY CAPACITY PRODUCTION START 27 Cenovus Energy Inc. Grand Rapids Pelican Lake Pilot SAGD 600 2011 1 Grizzly Oil Sands Ulc Algar Lake Phase 1 SAGD 6,000 2014 26 Laricina Energy Ltd. Germain Phase 1 CDP SC-SAGD 5,000 2013 75 Laricina Energy Ltd. Saleski Experimental Pilot C-SAGD & SC-SAGD 1,800 2011 OILSANDS PROJECTS ON HOLD – NORTH ATHABASCA PROJECT ID OPERATOR PROJECT PHASE TECHNOLOGY CAPACITY PRODUCTION START 17 Brion Energy Corporation Dover Dover North Phase 1 SAGD 50,000 TBD 88 Cenovus Energy Inc. Telephone Lake Phase A SAGD 45,000 TBD 82 Husky Energy Inc. Sunrise Phase 2A SAGD 35,000 TBD 47 Imperial Oil Limited Kearl Phase 3 Surface Mining 80,000 TBD Phase 4 Debottlenecking Surface Mining 45,000 TBD 58 Suncor Energy Inc. MacKay River MR2 SAGD 20,000 TBD 104 Total E&P Canada Ltd. Joslyn North Mine Phase 1 Surface Mining 100,000 TBD OILSANDS PROJECTS ON HOLD – SOUTH ATHABASCA PROJECT ID OPERATOR PROJECT PHASE TECHNOLOGY CAPACITY PRODUCTION START 48 Canadian Natural Resources Limited Kirby KN1 - Kirby North SAGD 40,000 TBD 12 Cenovus Energy Inc. Christina Lake Phase G SAGD 50,000 TBD 23 Cenovus Energy Inc. Foster Creek Phase H SAGD 30,000 2017 27 Cenovus Energy Inc. Grand Rapids Pelican Upper Grand Rapids Phase A SAP-SAGD 10,000 TBD 65 Cenovus Energy Inc. Narrows Lake Phase A SAP-SAGD 45,000 TBD 6 Harvest Operations Corp. BlackGold Phase 1 SAGD 10,000 TBD 26 Laricina Energy Ltd. Germain Phase 2 SC-SAGD 30,000 TBD Phase 3 SC-SAGD 60,000 TBD Phase 4 SC-SAGD 60,000 TBD 75 Laricina Energy Ltd. Saleski Phase 1 C-SAGD 10,700 TBD Phase 2 In Situ 30,000 TBD CANCELLED OILSANDS PROJECTS – NORTH ATHABASCA PROJECT ID OPERATOR PROJECT PHASE TECHNOLOGY CAPACITY PRODUCTION START 136 Grizzly Oil Sands Ulc Thickwood Phase 1 CSS & SAGD 6,000 TBD Phase 2 CSS & SAGD 6,000 TBD 87 Ivanhoe Energy Inc. Tamarack Phase 1 SAGD 20,000 TBD Phase 1 Heavy-to-Light 34,784 TBD Phase 2 SAGD 20,000 TBD 153 Koch Exploration Canada Corporation Dunkirk Commercial Demonstration SAGD 2,000 2017 Phase 1 SAGD 30,000 2018 Phase 2 SAGD 30,000 TBD 109 Marathon Oil Corporation Birchwood Demonstration SAGD 12,000 TBD 71 Shell Albian Sands Pierre River Phase 1 Surface Mining 100,000 TBD Phase 2 Surface Mining 100,000 TBD CANCELLED OILSANDS PROJECTS SOUTH ATHABASCA PROJECT ID OPERATOR PROJECT PHASE TECHNOLOGY CAPACITY PRODUCTION START 50 Devon Canada Corporation Pike 1C SAGD 35,000 TBD APPROVED OILSANDS PROJECTS – NORTH ATHABASCA PROJECT ID OPERATOR PROJECT PHASE TECHNOLOGY CAPACITY PRODUCTION START 102 Athabasca Oil Corporation Dover West Carbonates (Leduc) Phase 1 Demonstration TAGD 6,000 TBD 89 BP p.l.c. Terre de Grace Pilot SAGD 10,000 TBD Pilot ADC USP 8,400 TBD 17 Brion Energy Corporation Dover Dover Experimental Pilot SAGD 2,000 2017 Dover North Phase 2 SAGD 50,000 TBD Dover South Phase 3 SAGD 50,000 2021 Dover South Phase 4 SAGD 50,000 2023 Dover South Phase 5 SAGD 50,000 2025 59 Brion Energy Corporation Mackay River Phase 2 SAGD 40,000 TBD Phase 3 SAGD 40,000 2020 Phase 4 SAGD 35,000 2022 88 Cenovus Energy Inc. Telephone Lake Phase B SAGD 45,000 TBD 82 Husky Energy Inc. Sunrise Phase 2B SAGD 35,000 TBD Future Phases SAGD 70,000 TBD 107 Oak Point Energy Ltd. Lewis Pilot SAGD 1,720 TBD 43 Shell Albian Sands Jackpine Phase 1B Surface Mining 100,000 TBD Expansion Surface Mining 100,000 TBD 64 Shell Albian Sands Muskeg River Expansion & Debottlenecking Surface Mining 115,000 TBD 21 Suncor Energy Inc. Firebag Stage 5 SAGD 62,500 TBD Stage 6 SAGD 62,500 TBD 22 Suncor Energy Inc. Fort Hills Debottlenecking Surface Mining 20,000 TBD 90 Sunshine Oilsands Ltd. Thickwood Phase A1 SAGD 10,000 TBD 97 Sunshine Oilsands Ltd. West Ells Phase A2 SAGD 5,000 TBD 63 Syncrude Canada Ltd. Mildred Lake/ Aurora Aurora SouthTrain 1 Surface Mining 100,000 TBD Aurora SouthTrain 2 Surface Mining 100,000 TBD APPROVED OILSANDS PROJECTS – SOUTH ATHABASCA PROJECT ID OPERATOR PROJECT PHASE TECHNOLOGY CAPACITY PRODUCTION START 48 Canadian Natural Resources Limited Kirby KN2 - Kirby North SAGD 60,000 TBD 40 Cavalier Energy Inc. Hoole Phase 1 SAGD 10,000 TBD 12 Cenovus Energy Inc. Christina Lake Phase H SAGD 50,000 TBD 23 Cenovus Energy Inc. Foster Creek Phase J SAGD 50,000 TBD 27 Cenovus Energy Inc. Grand Rapids Pelican Upper Grand Rapids Phase B SAP-SAGD 32,000 TBD Pelican Upper Grand Rapids Phase C SAP-SAGD 29,000 TBD Pelican Upper Grand Rapids Phase D SAP-SAGD 29,000 TBD Pelican Upper Grand Rapids Phase E SAP-SAGD 32,000 TBD Pelican Upper Grand Rapids Phase F SAP-SAGD 29,000 TBD Pelican Upper Grand Rapids Phase G SAP-SAGD 19,000 TBD 65 Cenovus Energy Inc. Narrows Lake Phase B SAP-SAGD 45,000 TBD Phase C SAP-SAGD 40,000 TBD 56 CNOOC Limited Long Lake Kinosis (K1B) SAGD 37,500 TBD 28 Connacher Oil and Gas Limited Great Divide Expansion 1A SAGD 12,000 TBD Expansion 1B SAGD 12,000 TBD 83 ConocoPhillips Canada Limited Surmont Phase 2 Debottlenecking SAGD 57,000 TBD 50 Devon Canada Corporation Pike 1A SAGD 35,000 2019 1B SAGD 35,000 2020 1 Grizzly Oil Sands Ulc Algar Lake Phase 2 SAGD 6,000 TBD 6 Harvest Operations Corp. BlackGold Phase 2 SAGD 20,000 TBD 113 Koch Exploration Canada Corporation Muskwa Pilot SAGD 10,000 TBD 11 MEG Energy Corporation Christina Lake Phase 3A SAGD 50,000 TBD Phase 3B SAGD 50,000 TBD Phase 3C SAGD 50,000 TBD 154 Renergy Petroleum (Canada) Co., Ltd. Muskwa Muskwa Experimental Pilot Steam & CO 2 Co-gen Co-injection N/A 2015 46 Statoil Leismer Expansion SAGD 20,000 TBD 62 Suncor Energy Inc. Meadow Creek East Phase 1 SAGD 40,000 2020 Phase 2 SAGD 40,000 2022 OILSANDS PROJECTS WITH REGULATORY APPLICATION FILED – NORTH ATHABASCA PROJECT ID OPERATOR PROJECT PHASE TECHNOLOGY CAPACITY PRODUCTION START 102 Athabasca Oil Corporation Dover West Carbonates (Leduc) Phase 2 Demonstration TAGD 6,000 TBD 100 Athabasca Oil Corporation Dover West Sands & Clastics Phase 1 SAGD 12,000 TBD 117 Husky Energy Inc. Saleski Carbonate Pilot CSS 3,000 TBD 134 Imperial Oil Limited Aspen Phase 1 SA-SAGD 75,000 2020 Phase 2 SA-SAGD 75,000 TBD 152 Prosper Petroleum Ltd. Rigel Phase 1 SAGD 10,000 2017 51 Sunshine Oilsands Ltd. Legend Lake Phase A1 SAGD 10,000 TBD 63 Syncrude Canada Ltd. Mildred Lake/ Aurora Mildred Lake Mine Extension (MLX) Surface Mining 184,000 2023 24 Teck Resources Limited Frontier Phase 1a Surface Mining 85,000 2026 Phase 1b Surface Mining 85,000 2027 Phase 2 Surface Mining 90,000 2037 118 Value Creation Inc. Audet Pilot SAGD 12,000 TBD OILSANDS PROJECTS WITH REGULATORY APPLICATION FILED – SOUTH ATHABASCA PROJECT ID OPERATOR PROJECT PHASE TECHNOLOGY CAPACITY PRODUCTION START 101 Athabasca Oil Corporation Hangingstone HS-2A Debottlenecking (1 and 2) SAGD 8,000 TBD HS-2B Expansion SAGD 32,000 2019 HS-3 SAGD 30,000 2021 7 BlackPearl Resources Inc. Blackrod Phase 1 SAGD 20,000 TBD Phase 2 SAGD 30,000 TBD Phase 3 SAGD 30,000 TBD 31 Canadian Natural Resources Limited Grouse Commercial SAGD 40,000 2020 83 ConocoPhillips Canada Limited Surmont Phase 3 - Tranche 1 SAGD 45,000 2020 Phase 3 - Tranche 2 SAGD 45,000 2021 Phase 3 - Tranche 3 SAGD 45,000 2023 60 Grizzly Oil Sands Ulc May River Phase 1 SAGD 6,000 TBD Phase 2 SAGD 6,000 TBD 84 MEG Energy Corporation Surmont Phase 1 SAGD 40,000 TBD Phase 2 SAGD 40,000 TBD Phase 3 SAGD 40,000 TBD 142 OSUM Oil Sands Corp. Sepiko Kesik Phase 1 CSS & SAGD 30,000 2018 Phase 2 CSS & SAGD 30,000 2020 157 PTT Exploration and Production Mariana - Thornbury Phase 1 SAGD 20,000 2021 114 Surmont Energy Ltd. Wildwood Phase 1 SAGD 12,000 TBD 115 Value Creation Inc. Advanced TriStar ATS-1 Condensables- Steam In Situ Recovery 30,000 TBD ATS-1 ADC & COC 60,000 TBD ATS-2 Condensables- Steam In Situ Recovery 30,000 TBD ATS-2 ADC & COC 60,000 TBD 92 Value Creation Inc. DOEx (Demonstration of Excellence) Pilot SAGD 6,000 2018 Pilot ADC USP 12,000 2018 ANNOUNCEAD OILSANDS PROJECTS – NORTH ATHABASCA PROJECT ID OPERATOR PROJECT PHASE TECHNOLOGY CAPACITY PRODUCTION START 111 Athabasca Oil Corporation Birch Phase 1 SAGD 12,000 TBD 100 Athabasca Oil Corporation Dover West Sands & Clastics Phase 2 SAGD 35,000 2019 Phase 3 SAGD 35,000 2020 Phase 4 SAGD 35,000 2022 Phase 5 SAGD 35,000 2024 5 Canadian Natural Resources Limited Birch Mountain Phase 1 SAGD 60,000 TBD Phase 2 SAGD 60,000 TBD 132 Cenovus Energy Inc. East McMurray Phase 1 SAGD 30,000 TBD 133 Cenovus Energy Inc. Steepbank Phase 1 SAGD 30,000 TBD 72 E-T Energy Ltd. Poplar Creek Experimental Pilot Cold Catalytic Cracking N/A TBD 54 Suncor Energy Inc. Lewis Phase 1 In Situ 40,000 TBD Phase 2 In Situ 40,000 TBD 95 Suncor Energy Inc. Voyageur South Phase 1 Surface Mining 250,000 2024 51 Sunshine Oilsands Ltd. Legend Lake Phase A2 SAGD 30,000 TBD Phase B1 SAGD 30,000 TBD Phase B2 SAGD 30,000 TBD 90 Sunshine Oilsands Ltd. Thickwood Phase A2 SAGD 30,000 TBD Phase B SAGD 30,000 2021 97 Sunshine Oilsands Ltd. West Ells Phase A3 SAGD 30,000 TBD Phase B SAGD 20,000 TBD Phase C1 SAGD 30,000 TBD Phase C2 SAGD 30,000 TBD 63 Syncrude Canada Ltd. Mildred Lake/Aurora Stage 3 Debottlenecking Upgrader 75,000 TBD ANNOUNCED OILSANDS PROJECTS – SOUTH ATHABASCA PROJECT ID OPERATOR PROJECT PHASE TECHNOLOGY CAPACITY PRODUCTION START 29 Canadian Natural Resources Limited Gregoire Lake Phase 1 SAGD 60,000 TBD Phase 2 SAGD 60,000 TBD 40 Cavalier Energy Inc. Hoole Phase 2A SAGD 35,000 TBD Phase 2B SAGD 35,000 TBD 23 Cenovus Energy Inc. Foster Creek Future Optimization (Phases F,G,H) SAGD 35,000 TBD Future Optimization SAGD 15,000 TBD 131 Cenovus Energy Inc. West Kirby Phase 1 SAGD 30,000 TBD 130 Cenovus Energy Inc. Winefred Lake Phase 1 SAGD 30,000 TBD 135 Devon Canada Corporation Jackfish East Expansion SAGD 20,000 2018 75 Laricina Energy Ltd. Saleski Phase 3 In Situ 60,000 TBD Phase 4 In Situ 60,000 2023 Phase 5 In Situ 60,000 2026 Phase 6 In Situ 60,000 TBD 160 MEG Energy Corporation May River Phase 1 SAGD 41,000 TBD Phase 2 SAGD 41,000 TBD Phase 3 SAGD 82,000 TBD 10 Suncor Energy Inc. Chard Phase 1 In Situ 40,000 TBD Edmonton Calgary Cold Lake Fort McMurray Peace River SOUTH ATHABASCA REGION Athabasca NORTH ATHABASCA REGION ALBERTA OILSANDS DEPOSITS LEGEND City Divided highway Paved highway Unpaved highway Township sections Alberta government Athabasca Oilsands Region boundary Surface mineable boundary Region boundary Lloyd Lake Lake Magog Bow River Blue Lake 999 999 Primary roads Secondary roads Provincial park Project* Major river Perennial lake Intermittent lake Major lake 18 SHARED LEASE OWNERSHIP 100% LEASE OWNERSHIP 1 50% BOUNTY, 50% GRIZZLY OIL SANDS ULC 2 40% BOUNTY, 40% GRIZZLY, 20% SOUTHERN PACIFIC 3 50% BP CANADA , 50% DEVON 4 50% BP CANADA, 50% HUSKY 5 75% BP CANADA, 25% VALUE 6 60% BRION , 40% 1487648 ALBERTA . 7 67.6% CANADIAN NATURAL , 26.68% SPYGLASS , 5.72% QUATTRO 8 50% CANADIAN NATURAL, 50% CAVALIER 9 50% CANADIAN NATURAL, 50% CENOVUS 10 50% CANADIAN NATURAL , 50% DEVON 11 50% CANADIAN NATURAL , 50% HUSKY OIL 12 55% CANADIAN NATURAL, 45% DEVON 13 66.67% CANADIAN NATURAL , 33.33% SUNCOR 14 60% CENOVUS, 30% CANADIAN NATURAL , 10% SUNCOR 15 60% CHEVRON , 20% MARATHON, 20% SHELL 16 50% CHEVRON, 50% SHELL 17 50% CONOCOPHILLIPS, 50% TOTAL 18 73.5% EXALL, 18% CHAIR, 6% CANDEN, 2.5% LMP 19 72.5% EXXONMOBIL, 27.5% IMPERIAL 20 50% EXXONMOBIL, 50% IMPERIAL 21 50% GRIZZLY, 50% BOUNTY 22 50% HUSKY, 50% PETROLEO 23 50% HUSKY, 50% VALERO 24 25% IMPERIAL OIL, 25% JAPAN, 25% NEXEN, 25% SUNCOR 25 37.33% IMPERIAL, 33.33% NEXEN, 29.34% STATOIL 26 50% IMPERIAL, 25% JAPAN, 25% NEXEN 27 50% IMPERIAL, 50% NEXEN 28 63% IMPERIAL, 25% NEXEN, 12% JAPAN 29 70.96% IMPERIAL, 29.04% EXXONMOBIL 30 75% IMPERIAL, 25% NEXEN 31 95% IMPERIAL, 5% WILLISCHILD 32 50% IMPERIAL, 50% TECK 33 75% IMPERIAL, 25% NEXEN 34 75% JAPAN, 25% NEXEN 35 80% KEPPOCH, 20% PAN PACIFIC 36 60% LARICINA , 40% OSUM 37 60% MARATHON, 20% CHEVRON, 20% SHELL 38 66.67% MARATHON, 33.33% SHELL 39 65% NEXEN, 35% CNOOC 40 50% PERPETUAL, 50% NAL 41 66.7% PROSPER, 33.3% PETROLAMA 42 50% RENERGY, 50% SUNSHINE 43 60% SHELL, 20% CHEVRON, 20% MARATHON 44 33.34% SHELL, 33.33% CHEVRON , 33.33% MARATHON 45 50% SINOCANADA, 50% TOTAL 46 80% SOUTHERN PACIFIC, 20% BOUNTY 47 88% STATOIL, 12% IMPERIAL 48 50% SUNCOR, 25% JAPAN, 25% NEXEN 49 66.67% SUNCOR, 33.33% NEXEN 50 75% SUNCOR, 25% NEXEN 51 75% SUNCOR, 25% NEXEN 52 50% TECK, 25% EXXONMOBIL, 25% IMPERIAL 53 38.25% TOTAL , 36.75% SUNCOR, 15% OCCIDENTAL, 10% INPEX 54 80% WHITECAP, 20% PERPETUAL 55 100% 1731856 ALBERTA 56 100% 366337 ALBERTA 57 100% 658903 ALBERTA 58 100% 9416471 CANADA 59 100% ALBERTA OILSANDS 60 100% ALPINE 61 100% ALTERREN 62 100% ANTELOPE 63 100% ATHABASCA 64 100% BANCROFT 65 100% BASM LAND 66 100% BAYTEX 67 100% BLACKPEARL 68 100% BLACKROCK 69 100% BOUNTY 70 100% BRIO 71 100% BRION 72 100% BRISTOL 73 100% BRITT 74 100% CAITERRA 75 100% CANADA WEST 76 100% CANADIAN NATURAL 77 100% CAVALIER ENERGY 78 100% CAVALIER LAND 79 100% CENOVUS ENERGY 80 100% CENOVUS FCCL 81 100% CENOVUS TL 82 100% CENTENNIAL 83 100% CHARTER 84 100% CNPC 85 100% CONNACHER 86 100% CONOCOPHILLIPS 87 100% CONTIGUOUS 88 100% COTE 89 100% CRESCENT POINT 90 100% DEERGARDEN 91 100% DEVON CANADA 92 100% DEVON NEC 93 100% DG-MARTEN 94 100% E-T ENERGY 95 100% EXXONMOBIL 96 100% FORT HILLS 97 100% GRIZZLY 98 100% HARVEST 99 100% HERITAGE 100 100% HUSKY OIL 101 100% IMPERIAL 102 100% JAPAN 103 100% JOSLYN 104 100% KOCH 105 100% LANDSOLUTIONS GP 106 100% LANDSOLUTIONS 107 100% LARICINA 108 100% LONE PINE 109 100% MADISON 110 100% MARATHON 111 100% MAVERICK 112 100% MEG 113 100% MERIDIAN 114 100% MINERAL 115 100% MSL 116 100% NORDIC 117 100% NORTHPINE E 118 100% O & G 119 100% OAK POINT 120 100% OSUM 121 100% PAN PACIFIC 122 100% PENN WEST 123 100% PERPETUAL 124 100% PETROLAND 125 100% PETROLEO 126 100% PLUNKETT 127 100% PROSPER 128 100% PROTERRA 129 100% PTTEP 130 100% QUATTRO 131 100% RANGER 132 100% ROLAND 133 100% SANDSTONE 134 100% SCCC 135 100% SCOTT 136 100% SHELL 137 100% SINO-WESTERN 138 100% SOUTHERN PACIFIC 139 100% SRIVASTAVA 140 100% STANDARD 141 100% STATOIL 142 100% STOMP 143 100% STONE 144 100% SUNCOR 145 100% SUNSHINE 146 100% SURMONT 147 100% SYNCRUDE 148 100% TECK 149 100% THE SOO LINE 150 100% TOTAL 151 100% TOWNSHIP 152 100% VALUE 153 100% WHITECAP 154 100% WINDFALL 155 100% WOOD RIVER 156 100% ZONEDA OILSANDS LEASE MAP SEPTEMBER 2016 ATHABASCA