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In 2006, bitumen production in Canada averaged 1.25 Mbbl/d (200,000 m 3 /d) through 81 oil sands projects. 44% of Canadian oil production in 2007 was from oil sands. [47] This proportion was (as of 2008) expected to increase in coming decades as bitumen production grows while conventional oil production declines, although due to the 2008 ...
As of 2009, Syncrude and Irving Oil were leaders in the Canadian industry, with Syncrude being the top producer of oil sands crude and Irving Oil operating the largest oil refinery in the country. [5] Canadian oil company profits quickly recovered following the 2008 financial crisis; In 2009 they were down 90% but in 2010 they reached $8.4 billion.
Canadian oil sands may refer to: ... Code of Conduct; Developers; Statistics; Cookie statement; Mobile view; Search. Search. Toggle the table of contents. Canadian ...
In 1962 (the same year the Great Canadian Oil Sands proposal went up for approval) Cities Service Athabasca Inc. proposed a 16,000 cubic metre per day plant at the site of its Mildred Lake pilot project. Including a pipeline to Edmonton, the plant was to cost $56 million, with construction beginning in 1965 and completion in 1968.
Supply from the Alberta oil sands accounts for most of the growth and is expected to increase from 1.3 million b/d in 2016 to 3.7 million b/d in 2030. [54] Bitumen from the oil sands requires blending with a diluent in order to decrease its viscosity and
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; History of the petroleum industry in ...
This would mean that Canadian oil sands production would grow from 1.2 million barrels per day (190,000 m 3 /d) in 2008 to 3.3 million barrels per day (520,000 m 3 /d) in 2020, and that total Canadian oil production would grow from 2.7 to 4.1 million barrels per day (430,000 to 650,000 m 3 /d) in 2020. [45]
Great Canadian Oil Sands originated in the early 1920s, when a group of policemen from New York acquired oil leases in Athabasca and formed the Alcan Oil Company. In 1923, the group sold the venture to Robert Cosmas Fitzsimmons (1881-1971). Fitzsimmons spent the next several years drilling on the leases he had acquired, but was unsuccessful.