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
Download citation file:
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.