Environmental Engineering Reference
In-Depth Information
Source
: National Energy Board, Alberta, Canada.
Figure 2. Oil Sands Areas in Alberta, Canada.
Table 1. Canada's Bitumen Resources
Ultimate
Volume in
Place
Initial
Volume
in Place
Ultimate
Recoverable
Volume
Initial
Established
Reserves
Remaining
Established
Reserves
Billion
Barrels
Cumulative
Production
Mineable
Athabasca
138.0
113.0
69.0
35.0
2.5
32.7
In Situ
Athabasca
N/A
1,188.0
N/A
N/A
N/A
N/A
Cold Lake
N/A
201.0
N/A
N/A
N/A
N/A
Peace
River
N/A
129.0
N/A
N/A
N/A
N/A
Subtotal
2,378.0
1,518.0
245.0
142.8
1.26
141.5
Total
2,516.0
1,631.0
314.0
177.8
3.76
174.2
Source: Alberta Energy Utility Board.
As a result of recent high oil prices, 44 new oil sands projects are planned for Alberta
between 2004 and 2012, 26 in-situ and 18 surface-mining.[14] If all projects were to go
forward, an estimated C$60 billion would be required for construction. Several of the projects
are expansions of current operations. The National Energy Board (NEB) projects as much as
C$81.6 billion being spent between 2006 and 2016.[15] Eighty-two percent of the projected
investment — expected to peak in 2008 — is directed towards the Fort McMurray/Woods
Buffalo Region of Alberta. A total of C$29 billion was spent on oil sands development
between 1996 and 2004.[16]
Search WWH ::
Custom Search