The Alberta Oil Sands: Reserves and Long-term Supply Outlook
Farhood Rahnama, Richard A. Marsh, LeMoine Philp, 2013. "The Alberta Oil Sands: Reserves and Long-term Supply Outlook", Heavy-oil and Oil-sand Petroleum Systems in Alberta and Beyond, Frances J. Hein, Dale Leckie, Steve Larter, John R. Suter
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Alberta’s oil sands hold almost all of Canada’s crude bitumen resources within one of the world’s largest deposits of extra heavy crude oil. Its established reserves of crude bitumen have been favorably compared with the conventional oil reserves of Saudi Arabia. Alberta’s oil-sand industry has been the source of large investments since the 1960s, but investment has been particularly strong in the past decade. Crude bitumen production in Alberta has more than doubled in this period and is expected to reach more than 3 million bbl per day during the next decade, as the pace of oil-sand development accelerates. This paper contains a forecast of the potential production from this vast resource, with consideration for reserves markets, and the economic viability of crude bitumen production within Alberta.
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Oil sands, including the Athabasca Oil Sands in northern Alberta, are the second largest hydrocarbon resource on earth. In the last decade, engineering technology has evolved that can now economically produce the bitumen resource in the oil sands. This volume showcases the geology of oil sands from around the world. It highlights the Athabasca Oil sands of northern Alberta and the geochemistry of the associated bitumen resource, but points directionally toward the development of other oil-sand deposits in the world. A novel feature is the ‘case study’ approach. Although much of the perspective is sedimentological and/or stratigraphic, the substance of the book should fine wide appeal to Earth scientists working in all geoscience domains.