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The Alberta government's Energy and Utilities Board (EUB) estimated in 2007 that about 173 billion barrels (27.5 × 10 ^ 9 m 3) of crude bitumen were economically recoverable from the three Alberta oil sands areas based on then-current technology and price projections from the 2006 market prices of $62 per barrel for benchmark West Texas ...
The Athabasca oil sands, also known as the Athabasca tar sands, are large deposits of oil sands rich in bitumen, a heavy and viscous form of petroleum, in northeastern Alberta, Canada. These reserves are one of the largest sources of unconventional oil in the world, making Canada a significant player in the global energy market.
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.
Sitting underneath Canada's boreal forests is an ocean of bitumen-soaked sand in what could possibly be the largest oil deposit on earth. Every day North America's most 7 Remarkable Statistics ...
Most estimates point toward Canada's oil sands pumping out 5.2 million bpd by 2030, which would be some major growth. Canada is home to 173 billion barrels of recoverable heavy oil, and 168 ...
(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 ...
With Pew's support, in 1962 Sun Oil's majority-owned subsidiary, Great Canadian Oil Sands (GCOS), filed an application for a commercial oil sands project in Canada – the first-ever constructed. [44] All these actions served to direct significant attention toward Alberta's oil sands.
Map of all pipelines regulated by the Canadian Energy Regulator that originate from Alberta. Graph outlining oil prices and breakevens for different extraction. methods used in Alberta. Planned production in the Athabasca oil sands. This is a brief timeline covering the history of the petroleum industry Alberta and its predecessor states.