Oil Pipeline Transport Survey, 2013
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Released: 2015-01-23
Expenses and investments increase
In 2013, Canadian oil pipeline companies reported total operating revenues of $5.2 billion, up 1.2% from 2012, while total operating expenses rose 7.7% to $2.4 billion. As a result, total net income after taxes decreased 1.0% to $1.7 billion.
The majority of total assets consisted of fixed assets, which were up 20.2% from 2012 to $31.8 billion, and total investments, which were up 40.1% to $10.2 billion. The remaining assets consisted of current assets (up 19.5% to $3.8 billion) and deferred debits (up 3.8% to $1.7 billion). Overall, total assets rose 24.8% from 2012 to $47.5 billion.
Total liabilities consisted of long term debt (up 54.1% to $14.4 billion), capital stocks (up 13.8% to $22.1 billion) and current liabilities (up 29.3% to $10.4 billion). The remaining liabilities of $0.6 billion consisted of deferred credit and appropriations, which decreased 49.6% from the previous year. Overall, total liabilities rose 24.8% from 2012 to $47.5 billion.
Employment and wages increase in 2013
In 2013, Canadian oil pipelines reported an increase in the total number of workers to 4,106, up 15.3% from 2012. Over the same period, total salaries and wages paid rose to $526.6 million, a 35.7% increase. Professional, technical and administrative employees made up 59.7% of total employees, followed by production, field, plant and related workers at 28.7%, and management staff at 11.6%.
Little change to pipeline distances
In 2013, there were 45,783 kilometres of oil pipelines operating in Canada, up marginally (+1.1%) from 2012. The majority of these were transmission lines (31,637 km), followed by gathering lines (12,040 km) and product lines (2,106 km). More than three-quarters of all pipelines (78.5%) were located in Alberta and Saskatchewan.
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