Canadian oil sands research keeps production competitive, prospects for growth bright

Expansions and new projects proliferate in Canada's oil sands industry. Syncrude Canada Ltd., the biggest oil sands producer, expects to boost productive capacity by almost a third in the next 5 years. In the photo, a Demag 685 hydraulic shovel loads mined oil sands into a Cat 793B heavy hauler at Syncrude's North Mine in Alberta. Photo courtesy of Syncrude.Click here to enlarge imageThe future of Canada's continuing capacity to produce and export oil lies in the massive oil sands deposits in the Fort McMurray region of northern Alberta. Reserves recoverable with current technology are estimated at more than 300 billion bbl of bitumen. Canada's oil sands resource is expe...

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