SPECIAL REPORT: Alberta bitumen output to triple in next 10 years

Forecasts show that bitumen production in Alberta from oil sands will almost triple in the next 10 years as many new projects come on stream.Companies continue to lease many potential oil sands areas in Alberta that may hold 173.7 billion bbl of remaining established reserves of bitumen, according to the latest Alberta Energy and Utilities Board (EUB) estimates.1A variety of companies has secured acreage in the three areas in Alberta that have the most potential: Athabasca, Peace River, and Cold Lake (Fig. 1). Together, these three areas cover about 54,000 sq miles. Click here to enlarge imageSome companies, such as Petro-Canada, have established thermal in situ oil sands production and ...

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