OIL SANDS INVESTMENTS

subota, 05.11.2011.

OIL SANDS INVESTMENTS - SANDS INVESTMENTS

Oil sands investments - Market investment tools.

investments

A thing that is worth buying because it may be profitable or useful in the future

(invest) furnish with power or authority; of kings or emperors

(invest) make an investment; "Put money into bonds"

(invest) endow: give qualities or abilities to

An act of devoting time, effort, or energy to a particular undertaking with the expectation of a worthwhile result

The action or process of investing money for profit or material result

oil sands

Oil sands, extra heavy oil, or bituminous sands - colloquially known as tar sands - are a type of unconventional petroleum deposit. The sands contain naturally occurring mixtures of sand, clay, water, and an extremely dense and viscous form of petroleum technically referred to as bitumen.

(oil sand) a sandstone that yields oil.

A deposit of loose sand or partially consolidated sandstone containing petroleum or other hydrocarbons

(Oil sand) Mud-like material composed of sand, water and clay wrapped in thick hydrocarbon called bitumen. Once the bitumen is separated from the sand and the water it can be refined into synthetic crude.

The wheel of oil sands

This is a retired tire used on oil sands heavy haulers at Fort McMurray: 4-meter high, 15,000 kg in weight. A new one costs as much as a SUV and lasts merely 12 to 15 months.

Alberta's oil sands contain the biggest known reserve of oil in the world. An estimated 1.7 to 2.5 trillion barrels of oil are trapped in a complex mixture of sand, water and clay. With oil prices reaching US$80 per barrel, oil sands have brought much prosperity and growing pain to the province. The average price of a 3-bedroom house in Fort McMurray is around $600,000. Due to severe labour shortage, the oil companies have to not only attract labour from other provinces but also hire foreign workers from as far as Asia. The Starbucks coffee shops in Fort McMurray often have a long lineup of 40-50 people.

Oil Sands Earth Mover

Bucketwheel No.4.
Retired in 1999 and was used to reclaim windrows of oil sand.
24 buckets @ 1.38 cubic meters each.
Discharged 54 buckets per minute or 7,263 cubic meters per hour.
Replacement value $34 million.

05.11.2011. u 13:02 • 0 Komentara • Print • #

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ACCOUNTING TREATMENT FOR INVESTMENT

subota, 05.11.2011.

OIL SANDS INVESTMENTS - SANDS INVESTMENTS

Oil Sands Investments

ACCOUNTING TREATMENT FOR INVESTMENT

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