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(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 ...
A large part of oil sands mining operations involves clearing trees and brush from a site and removing the overburden—topsoil, muskeg, sand, clay and gravel—that sits atop the oil sands deposit. [148] Approximately 2.5 tons of oil sands are needed to produce one barrel of oil (roughly 1 ⁄ 8 of a ton). [149]
The development of condensate-rich areas in the Duvernay formation remain steady as the natural-gas condensate is a key product to dilute the bitumen produced from the closely located oil sands deposits in Athabasca, Peace River, and Cold Lake, and is traded with the same reference price as WTI oil.
The solvent-oil mixture is pumped into a critical unit for the removal of asphalt and oil from the solvent through heating and cooling. The recovered solvent is compressed back to a liquid, cooled and re-circulated to the extractor vessel in an endless loop. [2] The system consists of only few moving parts and it operates on a gravity principle.
The volume of crude-oil production from sand has exploded during the past decade. For the most part, investors have disregarded the sector as too speculative. However, with the recent revelation ...
Mine at the Athabasca Oil Sands. According to the Alberta Energy and Utilities Board (EUB, now known as the Alberta Energy Regulator, the AER), Alberta's oil sands areas contain an ultimately recoverable crude bitumen resource of 50 billion cubic metres (315 billion barrels), with remaining established reserves of almost 28 billion cubic metres (174 billion barrels) at year-end 2004.
In 1943, the federal government decided to aid oil sands development, and took over the Abasand plant. The federal researchers concluded that the hot water process was uneconomic because of the extensive heat loss and proposed a "cold" water process. But work at the plant came to an end with a disastrous fire in 1945.
The combined Bluesky-Gething deposit is the primary target area for oil sands development in the Peace River area. There is a reservoir at about 600 m (2,000 ft)–700 m (2,300 ft) below the surface. Heavy oil in the Peace River, produced from bitumen deposit is extracted using wells not by mining. [7]: 9