Thursday, September 18, 2008

Canadian Oil Sands Production to Increase to Over 3 million barrels per day by 2015

The increase in bitumen production from Canadian oil sands will be from just over million bpd to just over 3 million bpd. US and Canadian pipelines and refinery capacity should keep pace with this expansion.
Strong growth in oil sands production during the past few years has been an important contributor to global supply and provided the US with the prospect of a secure source of supply from Canada. Bitumen production from Alberta's oil sands during 2007-15 will increase to 3.1 million b/d from 1.2 million b/d.

This outlook is based on an assessment of individual projects that are currently in production or likely to come on stream. It also anticipates delays to projected start-up dates and less than full utilization rates due to anticipated technical problems. _RedOrbit
More details at the source.

Advances in THAI extraction and other advanced in situ processes, may lead to even faster production increases from oil sands.

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