The Oil Sands Market will experience $31.7bn in spending in 2015, says Visiongain's study

LONDON - Aug. 19, 2015 - PRLog -- LONDON, UK. 29th May 2015: Visiongain’s new 147 page reportThe Oil Sands Market Report 2015-2025: Updated Oil Price With Scenario Forecasts for CAPEX, OPEX & Production indicates that the oil sands market will experience $31.7bn in spending in 2015 (CAPEX and OPEX combined) in the company’s anticipated oil price scenario.

The lead analyst of the report commented that: “While oversupply is likely to be the key feature of the global oil market in the next decade, visiongain has found that the oil sands sector will show a perhaps surprising resilience to low oil prices. Even in a scenario where WTI is slow to recover and does not reach $70 a barrel until the 2020s, annual CAPEX would not fall below $1.9bn and production would rise every year through 2025.”

The report contains 147 tables, charts and graphs that add visual analysis in order to explain developing trends within the oil sands market. Visiongain provides annual production, capital expenditure (CAPEX) and operational expenditure (OPEX) forecasts for the period 2015-2025 for the global market in three oil price scenarios, as well as forecasts and analysis for the in-situ and oil sands mining and upgrading submarkets. The report also includes market forecasts and analysis for four Canadian regional markets (Athabasca, Peace River, Cold Lake, and Industrial Heartland) and a rest of the world market comprised of the US, China, Congo and Madagascar.

In addition, the report contains a dedicated leading companies’ chapter including extensive profiles, rankings and market share data for the 10 leading oil sands companies. The report also features the transcript of an original interview with Prosper Petroleum, one of the few companies proceeding with a new oil sands project in the low oil price environment.

The Oil Sands Market Report 2015-2025: Updated Oil Price With Scenario Forecasts for CAPEX, OPEX & Production report will be of value to anyone who wants to better understand the oil sands market and its dynamics. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the oil sands industry.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100

About visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-to-business conferences, newsletters, management reports and e-zines focusing on the energy, telecoms, pharmaceutical, defence and materials sectors.

Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.