Canada’s oilsands is the third largest deposit of oil on earth, with reserves of approximately 170 billion barrels and potential resources of up to 1.8 trillion barrels. Of Canada’s three major oilsands deposits—Athabasca, Cold Lake, and Peace River—the Athabasca region is the richest, containing over 80 percent of the original oil in place. This is the heart of the oilsands.
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There should be room for both oilsands and tight oil in North America, Jackie Forrest, senior director with IHS CERA, told a recent industry conference. She was speaking at the first Western Energy Summit hosted by the Calgary CFA Society ...Read the full story
A growing number of producers in Alberta’s oilsands regions are taking midnight strolls along the beach. In fact, they are falling in love with the long, continuous shoreface of the Grand Rapids formation, a thin but predictable bitumen play that, ...Read the full story
Keeping cost and schedule in line and on track during oilsands project construction can be a significant challenge, with many projects historically jumping way beyond the planned execution on both counts. The key to on-time and on-budget, according to two ...Read the full story
The Government of Canada is moving ahead with substantial cuts to its Scientific Research and Experimental Development (SR&ED) tax incentive program in favour of direct grants, which has some questioning Ottawa’s commitment to fostering innovation. As Deloitte national oil and ...Read the full story
A pilot project that would eliminate water use and significantly reduce energy use in thermal oilsands production and a project to reduce the cost of carbon capture are among five pilot projects that have received support in the latest round ...Read the full story