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The Athabasca oil sands, also known as the Athabasca tar sands, are large deposits of oil sands rich in bitumen, a heavy and viscous form of petroleum, in northeastern Alberta, Canada. These reserves are one of the largest sources of unconventional oil in the world, making Canada a significant player in the global energy market. [3]
As of 2023, Canada's oil sands industry, along with Western Canada and offshore petroleum facilities near Newfoundland and Labrador, continued to increase production and were projected to increase by an estimated 10% in 2024 representing a potential record high at the end of the year of approximately 5.3 million barrels per day (bpd). [28]
In this way, Canada's proven reserves increased suddenly in 2003 when the oil sands of Alberta were seen to be economically viable. Similarly, Venezuela 's proven reserves jumped in the late 2000s when the heavy oil of the Orinoco Belt was judged economic.
However the biggest constraint on oil sands development is a serious labor and housing shortage in Alberta as a whole and the oil sands centre of Fort McMurray in particular. According to Statistics Canada , by September, 2006 unemployment rates in Alberta had fallen to record low levels [ 7 ] and per-capita incomes had risen to double the ...
This is a list of articles related to Canadian oil sands: Athabasca oil sands; Black Bonanza; BP § Canadian oil sands; Canadian Centre for Energy Information; Canadian oil sands (disambiguation) Climate change in Canada; Cold Lake oil sands; Environmental impact of mining; History of Alberta § oil sands
The Melville Island oil sands are a large deposit of oil sands (sometimes referred to as tar sands) on Melville Island in the Canadian Arctic Archipelago. [ 1 ] [ 2 ] Exploration for petroleum deposits in the Canadian Arctic Archipelago began, on Melville Island, in 1961. [ 3 ]
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In 1977 Strausz published his article on the chemistry of the oil sands, then also known as the tar sands attending the conference that year entitled the Symposium on Tar Sand and Oil Shale. [ 6 ] By 2003 with the rising price of oil , and the improvement of enhanced recovery techniques such as thermal in-situ methods, the Peace River oil sands ...