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ERCB lowers Alberta's oil sands production forecast

06/22/2009
By Guntis Moritis
In its June report on Alberta's 2008 reserves and supply-demand outlook for 2009-18, Alberta's Energy Resources Conservation Board (ERCB) lowered its forecast of bitumen production to 2.7 million b/d in 2018. Last year's report showed production reaching 3.2 million b/d in 2017.The 2.7 million b/d is still a large increase from the 1.3 million b/d produced from oil sands in 2008.The 2008 production was 1% less than in 2007. ERCB's report says production from in situ projects increased 9% while production from mining projects because of planned and unplanned maintenance decreased by 8%.The report notes that in 2008, the upgrading of 264 million bbl of mined bitumen and about 8% of the 213 ...
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