Canada’s oilsands is the third largest deposit of oil on earth, with reserves of approximately 168 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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Production of transportation fuels from the oilsands is more greenhouse gas (GHG)-intensive overall than from conventional crude oil but on a wells-to-wheels basis, lower-emitting oilsands projects can outperform higher-emitting conventional crude, says a University of Calgary study. Through the use ...Read the full story
From the standpoint of many of Alberta’s thermal bitumen producers, a recent study on the efficiency of steam assisted gravity drainage (SAGD) could be titled “Thank God for low natural gas prices.” The paper, published recently in the journal Fuel ...Read the full story
Members of supply chain management (SCM) groups at companies operating oilsands projects say they would like to reduce the number of their suppliers. However, at ConocoPhillips Canada that isn’t likely to change until after 2015 when the company’s Surmont 2 ...Read the full story
Australian-based WorleyParsons has been awarded a contract for the engineering, procurement, fabrication and construction (EPC) of the first phase of the field facilities for MacKay Operating Corporation’s MacKay River commercial project. WorleyParsons’ consortium partner in the 35,000 barrel-per-day project is ...Read the full story
Despite the rapid growth of tight oil in the United States, the oilsands will continue to be an important component of U.S. oil supply, its production poses no greater risk to transmission pipelines than other crude oils, and water supply ...Read the full story