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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). [4]
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]
The Kearl Oil Sands Project is an oil sands mine in the Athabasca Oil Sands region at the Kearl Lake area, about 70 kilometres (43 mi) north of Fort McMurray in Alberta, Canada that is operated by the 143-year old Calgary, Alberta-headquartered Imperial Oil Limited—one of the largest integrated oil companies in Canada.
In 2007 the World Energy Council estimated that these oil sands areas contained at least two-thirds of the world's discovered bitumen in place at the time, [3] with an original oil-in-place (OOIP) reserve of 260,000,000,000 cubic metres (9.2 × 10 12 cu ft) (1.6 trn barrels), an amount comparable to the total world reserves of conventional oil.
Canada is home to 173 billion barrels of recoverable heavy oil, and 168 billion barrels of that is located in oil sands. Most estimates point toward Canada's oil sands pumping out 5.2 million bpd ...
In 1980, a plant in Cold Lake was one of just two oil sands plants under construction in Alberta. [4] Although not developed as quickly and extensively as originally envisioned, an Imperial Oil plant in Cold Lake became the largest in situ oil sands project constructed in Alberta during the 1980s. By 1991, its daily oil production was 90,000 ...
Oil sand tailings or oil sands process-affected water (OSPW), have a highly variable composition and a complex mixture of compounds. [4] In his oft-cited 2008 journal article, E. W. Allen wrote that typically tailings ponds consist of c. 75% water, c. 25% sand, silt and clay, c.2% of residual bitumen, as well as dissolved salts, organics, and minerals.
(Reuters) -Canada will fund an Indigenous-led study into how oil sands development impacts the health of local communities, the government said on Wednesday, following a tailings water leak from ...