Search results
Results from the WOW.Com Content Network
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, [38] 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.
Some statistics on this page are disputed and controversial—different sources (OPEC, CIA World Factbook, oil companies) give different figures. Some of the differences reflect different types of oil included. Different estimates may or may not include oil shale, mined oil sands or natural gas liquids.
It was the first operational oil sands project in the world, owned and operated by the American parent company, Sun Oil Company. When the US$240 million plant officially opened with a capacity of 45,000 barrels per day (7,200 m 3 /d), it marked the beginning of commercial development of the Athabasca oil sands.
This list of oil fields includes some major oil fields of the past and present. Countries by proven oil reserves 2017. The list is incomplete; there are more than 25,000 oil and gas fields of all sizes in the world. [1] However, 94% of known oil is concentrated in fewer than 1,500 giant and major fields. [2]
Since 2009, oil sands extraction has grown. Today, Canada produces about 4.9 million barrels of oil a day, with oil and gas contributing almost a third of the country’s emissions in 2021 ...
In addition to conventional oil, Venezuela has oil sands deposits similar in size to those of Canada, and approximately equal to the world's reserves of conventional oil. Venezuela's Orinoco oil sands are less viscous than Canada's Athabasca oil sands – meaning they can be produced by more conventional means – but they are buried too deep ...
Oil is the most valuable export of Canada, the world's fourth-largest oil ex. ... Oil sands producers took years to ramp up to hit record production last year to fill the Trans Mountain expansion.
According to Canada’s Oil Sands Innovation Alliance (COSIA), an alliance of oil sands producers formed in 2012, who share research on Environmental Priority Areas (EPAs) such as tailing pond water and greenhouse gases, "Tailings are the sand, silt, clay, soil and water found naturally in oil sands that remain following the mining and bitumen extraction process."