Findlay J. Peter

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Though the Canadian oil sands may have been overlooked in recent years, due to the impressive story of North American tight oil growth, their massive bitumen deposits still comprise a major portion of the world’s crude resources. With an estimated 170 billion barrels of economically proven reserves (amidst the 1.7-2.5 trillion barrels of oil in place in this northern region in the province of Alberta), the oil sands region itself represents approximately 10% of global reserves. This research examines Canadian oil sands production economics, long term growth forecasts, and how the outlook could change when confronted with regional and global trends in price, transportation, environmental policy, and production technology.

Available at: http://www.oxfordenergy.org/2016/02/the-future-of-the-canadian-oil-sands-growth-potential-of-a-unique-resource-amidst-regulation-egress-cost-and-price-uncertainty/