How Much Water Is Used In The Alberta Oil Sands? It is no secret that to produce any oil from an oil sands project, you need water and lots of it. To create the steam needed to extract oil in oil sands projects, operators mainly recycle water that has already been used in the project over and over again. OIL SANDS GEOLOGY AND PROPERTIES OF BITUMEN. About 10% of the world's oil reserves are located in the Alberta oil sands. These deposits are estimated to hold almost 2 trillion barrels of oil, but less than 10% (about 165 billion barrels) can economically be recovered with current technology. Canada’s Oil Industry. Oil is a powerful and versatile source of Canadian energy that will be a part of the global energy mix for decades to come. Canada has about six billion barrels of remaining oil reserves located outside the oil sands, found primarily in Alberta, Saskatchewan and offshore Newfoundland and Labrador. By the numbers: Alberta's oil sands industry employed 20,000 workers in 2011. That number is projected to grow to more than 35,000 by 2021, Alberta’s crude oil production has been steadily declining since 1974. In 2014, Alberta produced on average 590,000 barrels per day of crude oil. By contrast, production from Alberta’s oil sands (i.e., bitumen) has increased over the past few decades. In 2014, Alberta produced roughly 2.2 million barrels per day of bitumen.
The oil sands contain enough oil to produce 2.5 million barrels of oil per day for 186 years. In 2015, the U.S. consumed 19.4 million barrels of oil per day. TransCanada has proposed building a pipeline to bring oil from the Athabasca oil sands directly to refineries in the United States.
The Alberta Energy and Utility Board estimates that these contain about 1.6 trillion barrels of oil - about 14% of all of the world's total oil resource. The largest deposit is the Athabasca Oil Sands. Alberta has 172 billion barrels of tar sands according to government estimates based on 2008 oil pricing and extraction technology. About half the barrels recovered from tar sands are used in the recovery operation itself (making steam, hauling digging loading and unloading sand) and the operation is not profitable at oil costs today. How Much Water Is Used In The Alberta Oil Sands? It is no secret that to produce any oil from an oil sands project, you need water and lots of it. To create the steam needed to extract oil in oil sands projects, operators mainly recycle water that has already been used in the project over and over again. OIL SANDS GEOLOGY AND PROPERTIES OF BITUMEN. About 10% of the world's oil reserves are located in the Alberta oil sands. These deposits are estimated to hold almost 2 trillion barrels of oil, but less than 10% (about 165 billion barrels) can economically be recovered with current technology. Canada’s Oil Industry. Oil is a powerful and versatile source of Canadian energy that will be a part of the global energy mix for decades to come. Canada has about six billion barrels of remaining oil reserves located outside the oil sands, found primarily in Alberta, Saskatchewan and offshore Newfoundland and Labrador. By the numbers: Alberta's oil sands industry employed 20,000 workers in 2011. That number is projected to grow to more than 35,000 by 2021, Alberta’s crude oil production has been steadily declining since 1974. In 2014, Alberta produced on average 590,000 barrels per day of crude oil. By contrast, production from Alberta’s oil sands (i.e., bitumen) has increased over the past few decades. In 2014, Alberta produced roughly 2.2 million barrels per day of bitumen.
Canada’s Oil Industry. Oil is a powerful and versatile source of Canadian energy that will be a part of the global energy mix for decades to come. Canada has about six billion barrels of remaining oil reserves located outside the oil sands, found primarily in Alberta, Saskatchewan and offshore Newfoundland and Labrador.
Alberta has 172 billion barrels of tar sands according to government estimates based on 2008 oil pricing and extraction technology. About half the barrels recovered from tar sands are used in the recovery operation itself (making steam, hauling digging loading and unloading sand) and the operation is not profitable at oil costs today. How Much Water Is Used In The Alberta Oil Sands? It is no secret that to produce any oil from an oil sands project, you need water and lots of it. To create the steam needed to extract oil in oil sands projects, operators mainly recycle water that has already been used in the project over and over again. OIL SANDS GEOLOGY AND PROPERTIES OF BITUMEN. About 10% of the world's oil reserves are located in the Alberta oil sands. These deposits are estimated to hold almost 2 trillion barrels of oil, but less than 10% (about 165 billion barrels) can economically be recovered with current technology. Canada’s Oil Industry. Oil is a powerful and versatile source of Canadian energy that will be a part of the global energy mix for decades to come. Canada has about six billion barrels of remaining oil reserves located outside the oil sands, found primarily in Alberta, Saskatchewan and offshore Newfoundland and Labrador. By the numbers: Alberta's oil sands industry employed 20,000 workers in 2011. That number is projected to grow to more than 35,000 by 2021, Alberta’s crude oil production has been steadily declining since 1974. In 2014, Alberta produced on average 590,000 barrels per day of crude oil. By contrast, production from Alberta’s oil sands (i.e., bitumen) has increased over the past few decades. In 2014, Alberta produced roughly 2.2 million barrels per day of bitumen.
How Much Water Is Used In The Alberta Oil Sands? It is no secret that to produce any oil from an oil sands project, you need water and lots of it. To create the steam needed to extract oil in oil sands projects, operators mainly recycle water that has already been used in the project over and over again.
The economic benefits extend beyond Alberta. Canada is a leading source of oil for the United States, the world’s largest consumer of oil. The oil sands contain enough oil to produce 2.5 million barrels of oil per day for 186 years. In 2015, the U.S. consumed 19.4 million barrels of oil per day. Oil sands were the source of 62% of Alberta's total oil production and 47% of all oil produced in Canada. As of 2010, oil sands production had increased to over 1.6 million barrels per day (250,000 m 3 /d), where 53% of this was produced by surface mining and 47% by in-situ. Alberta Oil Sands. Oil sands deposits are found around the world, including Venezuela, the United States and Russia, but the Athabasca deposit in Alberta is the largest, most developed and uses the most technologically advanced production processes. Commercial-scale production from Alberta’s oil sands started in 1967 when the Great Canadian Athabasca oil sands mine: Oil sands mining complex along the Athabasca River in Alberta, Canada. The Athabasca Oil Sands are the largest oil sands deposit in the world. It is the second-largest accumulation of oil in the world after Saudi Arabia. Image by NASA / Earth Observatory. The Cold Lake bitumen contains more alkanes and less asphaltenes than the other major Alberta oil sands and the oil is more fluid. As a result, cyclic steam stimulation (CSS) is commonly used for production. The Cold Lake oil sands are of a roughly circular shape, centered around Bonnyville, Alberta. They probably contain over 60 billion cubic metres (370 billion barrels) of extra-heavy oil-in-place. In their 11th annual review of oil sands supply costs, the Canadian Energy Research Institute (CERI) pegs breakeven costs at $43.31/bbl for SAGD projects (steam-assisted gravity drainage) and $70.08/bbl for a stand-alone mine. The figures exclude blending and transportation costs but include capital expenditures. Oil production in Alberta was 17.77 million cubic metres in January 2020, up 5.7% compared to January 2019. Non-conventional (or oil sands) production, which constituted 84.3% of all oil production in Alberta in January 2020, increased by 7.3% year-over-year, while production of conventional oil was down 1.9% over the same time frame.
Alberta's oil sands’ proven reserves equal about 165.4 billion barrels (bbl). Crude bitumen production (mined and in situ) totalled about 2.8 million barrels per day (bbl/d) in 2017. Source: Alberta Energy Regulator (AER) ST 98 , ST39 and ST53 reports.
Athabasca oil sands mine: Oil sands mining complex along the Athabasca River in Alberta, Canada. The Athabasca Oil Sands are the largest oil sands deposit in the world. It is the second-largest accumulation of oil in the world after Saudi Arabia. Image by NASA / Earth Observatory. The Cold Lake bitumen contains more alkanes and less asphaltenes than the other major Alberta oil sands and the oil is more fluid. As a result, cyclic steam stimulation (CSS) is commonly used for production. The Cold Lake oil sands are of a roughly circular shape, centered around Bonnyville, Alberta. They probably contain over 60 billion cubic metres (370 billion barrels) of extra-heavy oil-in-place. In their 11th annual review of oil sands supply costs, the Canadian Energy Research Institute (CERI) pegs breakeven costs at $43.31/bbl for SAGD projects (steam-assisted gravity drainage) and $70.08/bbl for a stand-alone mine. The figures exclude blending and transportation costs but include capital expenditures. Oil production in Alberta was 17.77 million cubic metres in January 2020, up 5.7% compared to January 2019. Non-conventional (or oil sands) production, which constituted 84.3% of all oil production in Alberta in January 2020, increased by 7.3% year-over-year, while production of conventional oil was down 1.9% over the same time frame. The oil sands contain enough oil to produce 2.5 million barrels of oil per day for 186 years. In 2015, the U.S. consumed 19.4 million barrels of oil per day. TransCanada has proposed building a pipeline to bring oil from the Athabasca oil sands directly to refineries in the United States.