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Oil sands deposits in Alberta, Canada. It is difficult to grasp the immensity of Canada's oil sands and heavy oil resource. Fields in northern Alberta include four major deposits which underlie almost 70,000 square kilometres of land. The volume of bitumen in those sands dwarfs the light oil reserves of the entire Middle East.
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). [26]
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]
This could be the largest construction project in human history. Sitting underneath Canada's boreal forests is an ocean of bitumen-soaked sand in what could possibly be the largest oil deposit on ...
The great oil age: the petroleum industry in Canada. Detselig Enterprises. ISBN 978-1-55059-072-2. Mir-Babayev, M.F. (2017). "Brief history of the first drilled oil well; and people involved". Oil-industry History. 18 (1): 25– 34. ISSN 1546-9573. Taylor, Graham D. (2019). Imperial standard : Imperial Oil, Exxon, and the Canadian oil industry ...
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Canadian oil production: conventional crude oil in red, and total petroleum liquids, including from oil sands, in black Total oil production in Canada in TWh. Petroleum production in Canada is a major industry which is important to the overall economy of North America.
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 ...