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SPECIAL REPORT: ERCB update expects bitumen production doubling by 2017

07/07/2008
Bitumen production will more than double by 2017 to 3.23 million b/d from 1.32 million b/d in 2007, according to the latest Energy Resources Conservation Board of Alberta update on Alberta oil sands (Fig. 1).1 Click here to enlarge imageIn its update, ERCB: Increased by 53% the remaining established in situ reserves under active development because of new and expanded projects in Athabasca and Cold Lake regions. Revised the Athabasca Wabiskaw-McMurray formation in-place resources and their northeastern areal extent. Added a map showing reconstructed sub-Cretaceous unconformity surface with location of the Grosmont and Nisku deposits. Said 2007 bitumen production increased 5% from 2006 pr...
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