Oil sands, conventional growth will double Canada's oil output by 2030

Production of crude oil will more than double to 6.2 million b/d by 2030, largely from oil sands, according to the Canadian Association of Petroleum Producers. Production last year was 3 million b/d, of which 1.1 million b/d came from conventional resources in Western Canada, 1.6 million b/d from oil sands, and 300,000 b/d from Eastern Canada, CAPP says in a new report (Fig. 1 and Table 1). The trade group expects conventional production in Western Canada to rise to 1.3 million b/d in 2015 and 2020 before slipping to 1.2 million b/d in 2025 and back to 1.1 million b/d in 2030. Production from the oil sands region climbs steadily in the CAPP projection: to 2.3 million b/d in 2015, 3.1 mi...

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