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Pilots target bitumen

12/21/2009
By Guntis Moritis
Various companies put on hold several Alberta oil sands projects during 2009 in reaction to the global recession and lower crude prices, but other projects have continued including two proposed pilots in carbonate formations in the West Athabasca oil sands area.Alberta's Energy Resources Conservation Board in its June reserves overview estimated that potential recoverable bitumen from Alberta's carbonate formations is 37.7 billion bbl compared with 207.6 billion bbl from Cretaceous sands.Including mining projects, its estimate for total ultimate recovery potential from all oil sands deposits in Alberta is 315 billion bbl of which it categorizes 177 billion bbl as established. Cumulative o...
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