To produce one barrel of oil from surface mining, up to two tonnes of tar sands must be moved 25 Sep 2014 The Alberta tar sands are currently producing around two million barrels of oil per day, with plans to increase that to nearly four million barrels 26 Apr 2014 People living near a site of heavy oil production in Canada's tar sands region have been reporting ill health effects, which they believe are With an estimated 170 billion barrels of economically proven reserves (amidst This research examines Canadian oil sands production economics, long term 25 Oct 2011 Thanks to its deposits of buried bitumen, Canada is one of the world's fastest- growing oil producers. New extraction technologies are opening
Oil sands are a loose sand deposit which contain a very viscous form of petroleum known as bitumen. Oil sands are actually found all over the world and are sometimes referred to as tar sands or bituminous sands. Alberta's oil sands contain on average about 10% bitumen, 5% water and 85% solids. The oil sands are the third-largest proven oil reserve in the world, representing 166.3 billion barrels (or 97%) of Canada’s 171 billion barrels of proven oil reserves. In 2014, oil sands production was 2.2 million barrels per day. Find out more about Canada’s oil resources and Canada’s oil production. The responsible development of oil sands is a key driver of Alberta’s and Canada’s economy. It creates jobs and tax revenue for government which support the social programs and capital infrastructure projects we rely on. The oil sands or tar sands, are a mixture of sand, water, clay and a type of oil called bitumen. Thanks to innovation and technology we can recover oil from the oil sands, providing energy security for the future.
Oil sands producers have at least one advantage over their rivals in the Permian: longevity. Many of the tar sands deposits hold 50 years of oil, while shale wells tend to exhaust themselves To be certain, lower prices will impact oil sands supply. Production declines from primary oil sands-a process more akin to conventional production-are likely to accelerate (in 2015 primary made up just over 10% of supply). Despite the risks, shut-in of smaller oil sands production could increase the longer the even lower prices of early 2016 Since 1999, more than $200 billion has been invested in Alberta's oilsands. That's a lot of money in a relatively short period of time that fuelled a multi-year boom in Alberta and grew production
This increase is due to the depth of the oil in tar sands and the separation process that is required to separate the bitumen from the other components. 3. Dependence on tar sands may just prolong the inevitable. At current oil consumption rates, the reserves that are found in the global supply of tar sands will last for about 2 more
1 Nov 2019 says it will add as much as 70,000 barrels per day of oilsands output following the Alberta government's decision to ease production curtailments 25 Sep 2019 This statistic outlines the total oil sands production in Canada from 2015 to 201, with a forecast for 2019 to 2035. 28 Feb 2012 Because of the energy-intensive process for producing oil from this region, it is true that greenhouse gas emissions are higher than average. But To produce one barrel of oil from surface mining, up to two tonnes of tar sands must be moved 25 Sep 2014 The Alberta tar sands are currently producing around two million barrels of oil per day, with plans to increase that to nearly four million barrels