Advice You - Business

The Canadian oil sands represent one of the most lucrative investment opportunities to oil and gas investors. With a reserve life of 35 – 50 years the oil sands will be a major

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

source of crude oil for the years to come and will have a dramatic impact on crude oil prices. From an investor perspective it is valuable to know who the major players are in

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

the Canadian Oil sands. Below are 4 of the major players in the Canadian oil sands.

Syncrude

Syncrude is currently the worlds largest producer of crude oil from oil sands, in

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

2005 Syncrude produces 78.1 million barrels of crude oil from the oil sands. Syncrde is currently completing the Syncrude 21 project which is expected to increase Syncrudes oil

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

production from the Alberta Oil sands to 350,000 barrels per day. Syncrude spends over $40 million dollars on research and development in an attempt to determine more efficien

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

ways to obtain crude oil from the oil sands. Thirty-two percent of Syncrude is owned by the Canadian Oil Sands Trust, 25% by Imperial Oil, 12 % by Petro Canada and the rema

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

nder by other oil and gas companies.

Petro Canada

Petro Canada’s oil sands strategy is to grow the business profitably through phased and integrated development of this world-

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

class resource. Petro-Canada is strategically positioned to capture full value from Alberta’s oil sands – the largest such deposits in the world. Petro Canada possesses large l

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

ase holdings in the Alberta oil sands in additiona to owning a large refinery in the Edmonton area which is in the process of being converted to process oil sands feedstock excl

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

sively. Petro Canada possesses a 12% interest in Syncrude, 100% ownership of the MacKay River Oil sands project. Petro Canada is a 55% owner in the Fort Hills oil sands projec

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

where they plan to develop an estimated 2.8 billion barrels of bitumen. Total oil sands reserves are estimated at 5 billion barrels.

Synenco

Synenco Energy Inc. was incorpor

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

ated in 1999 to acquire and develop oil sands resources in the Athabasca region of Northern Alberta. Since its inception, Synenco has advanced steadily towards its goal of devel

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

ping oil sands mining, bitumen extraction and upgrading facilities, together called the Northern Lights Project. The independent best estimate of the Northern Lights Project’s r

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

sources is 1.49 billion barrels of in-place bitumen. In May 2005, Synenco created the Northern Lights Partnership (NLP) with SinoCanada Petroleum Corporation, the Canadian sub

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

sidiary of China based Sinopec. Synenco holds a 60% interest in and is the managing partner of NLP. The current cost of the NLP project is $5.3 billion. When fully operationa

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

the NLP is expected to produce 100,000 barrel a day of light sweet synthetic crude oil, with first production beginning in late 2010.

Suncor

Suncor began crude oil production

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

from the Alberta Oil Sands in 1967 and has produced over 1 billion barrels of oil in its history. Suncor exited 2005 producing 260,000 barrels of crude oil from the oil sands p

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

er day. Suncor expects to reach 550,000 barrels of crude per day from the oil sands by 2012.

A valuable resource for anyone looking for more information on the oil and gas in

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

ustry is http://www.findst.com which includes detailed oilfield job postings including elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

com/job/370/Alberta-Oil-and-Gas-Jobs/"> oilfield jobs in Alberta, and oil rig jobs in Texas

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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