Oil Sands Mining and Upgrading — bitumen & synthetic crude project
Data compiled from public filings — information only, not investment advice. AI‑assisted; see methodology.
Project information
As at 31 December 2025
Description
As at 31 December 2025
Oil sands mining and upgrading at Horizon Oil Sands (100%) and Athabasca Oil Sands Project (AOSP - Muskeg River + Jackpine Mines, 100% as of Nov-2025 asset swap with Shell). Produces Synthetic Crude Oil (SCO) including mining bitumen through Horizon Upgrader and Scotford Upgrader. Record SCO production 565.1 mbbl/d in 2025. AOSP swap added 10% in mines, divested 10% in Scotford (now 80% NOI) and Quest CCS. Long life zero-decline. Combined with thermal bitumen represents approximately 50% of total proved reserves at RLI of 39 years.
Oil & Gas metrics
Multiple effective dates · 2P
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Reserves & resources — detail
As at 31 December 2025
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