NEWS Canadian oilsands, heavy oil poised for surge in development

Syncrude Canada $1 billion expansion of its oilsands operation will center on this massive site at Fort McMurray, Alta. Photo courtesy of Syncrude. How Canadian OilSands Production Has Grown [106346 bytes] Operators in Canada's oilsands and heavy oil regions are on the brink of a period of growth that could last well into the next century. Several factors are combining in a scenario a National Task Force report on oilsands says could dramatically increase investment and production in the next 25 years. By then, massive oilsands and heavy oil reserves in northern Alberta could account for as much as 50%-perhaps more-of Canada's oil production. Technological improvements in re...

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