For a monthly news feed of recently added, under construction, and completed projects in alberta, access major project updates on investalberta. If all proposed oil sands projects proceed on schedule, industry could see a production increase to 3. Economic impacts of new oil sands projects in alberta. Existing and proposed canadian commercial oil sands projects february 2009 upgraders status startup bitumen products aosp shell scotford upgrader 1 aosp scotford 1 operating 2003 155,000 158,000 aosp scotford 1 expansion construction 2010 90,000 91,000. This study reports the subsurface microbial ecology of the deep subsurface athabasca oil sands in northern alberta, canada, in an area from which bitumen is produced by sagd. Economic impacts of new oil sands projects in alberta 20102035.
Oil sands simple english wikipedia, the free encyclopedia. Oil sands conservation rules oscr, the aer will make all fluidtailingsrelated documents applications, submissions, reports publicly available, including on its website, to. Considering the size and significance of the tar sands project, it is remarkable that most. Economic impacts of staged development of oil sands projects. Each year the canadian energy research institute ceri publishes its longterm view for canadian oil sands supply costs and production. Canadian oil sands supply costs and development projects 2016 2036 published on. Growth potential of a unique resource amidst regulation, egress, cost, and price uncertainty 5 preface this research was conceived with two central objectives.
The future of the canadian oil sands oxford institute for. Oil sands brochure a strategic resource for canada, north. Environmental consequences of oil production from oil sands. As such, it needs to be integrated with a national policy focused on environmental sustainability, social progress and fiscal balance. Cenovus oil sands projects deliver strong production growth. Oil sands, or tar sands are an unconventional source of petroleum. This is the eleventh annual edition of ceris oil sands supply cost and development projects update. The oil is in the form of bitumen, a very heavy liquid or sticky black solid with a low melting temperature. Environmental impacts of oil sands development in alberta. Exchanging oil sands expansion for renewable energy growth. Oil sands deposits account for a third of globally proven oil reserves, underlie large natural forested areas, and have extraction methods requiring large volumes of freshwater. Learn more about how oil sands deposits are developed, from the ground to your gas tank, and beyond.
Estimated versus final cost for oil sands projects in alberta. Oil sands royalty project royalty reporting forms osr sections 38 and 39 of the oil sands royalty regulation set out the parameters for the reporting required of projects approved under the regulation. Dec 16, 2016 crude oil from oil sands will constitute a substantial share of future global oil demand. Canadian oil sands supply costs and development projects. Environmental impacts of oil sands energy education. Pdf why cost and schedule overruns on mega oil sands projects. Canadas oil sands sector is a hightech, knowledgebased industry. Lessees who have, or are pursuing, an oil sands project may apply for royalty treatment under the provisions of the oil sands royalty regulation, 2009. Oil sands, tar sands, crude bitumen, or more technically bituminous sands, are a type of. Sands project is expected to begin production in late 2021, with production of bitumen anticipated at. As with other oil and gas projects that require a high crude price to break even, some oil sands projects have. In the 1950s, a startling solution to the asyet unsolved challenge of developing albertas deeply buried oil sands began to circulate. Total global investment in the development of new offshore deepwater and oil sands projects is projected in the ieo2017 to be limited through 2027. Economic impacts of staged development of oil sands.
Total, partners sell shuttered canadian oil sands project. Practice periodical on structural design and construction 15, 40 2010. Before companies can construct a project, they must apply to the alberta energy regulator aer for approval. Fluid tailings management for oil sands mining projects october 2017 as per the. Investment in tight oil, oil sands, and deepwater drives long. Natural bitumen is found in many countries, with the largest quantities in canada, kazakhstan and russia. Canadas oil sands are the largest deposit of crude oil on the planet. Cores spanned the mcmurray formation from approximately 220 to 320 mbs. February 2016 the future of the canadian oil sands. Oil sands, also known as tar sands, are sediments or sedimentary rocks composed of sand, clay minerals, water, and bitumen. There are two ways to extract bitumen from the oil sands. Check out the summer 2019 report to find out the latest information on the projects and related activities in the oil and gas sector in alberta, government initiatives associated with this sector, labour issues, new technologies and interesting facts and figures. Calgary is the center for design engineering and project management, while edmonton, further north and closer to the oil sands deposits, is the site of most.
Primaryeor these projects utilize the natural energy available in the reservoirs in some cases supplemented by nonthermal eor processes to produce bitumen. This page summarizes projects that propose to bring more than 20,000 barrels per day 3,200 m 3 d of new liquid fuel capacity to market with the first production of fuel beginning in 2018. In order to prevent future uncontrolled cost and schedule growth of projects located in this. Subsurface oil sands cores were collected during two field trips in 20 and 2014. Oil sands, tar sands, and bituminous sands are terms used interchangeably to describe a kind of unconventional oil deposit from which bitumen, a highly viscous form of petroleum, is mined from sand, clay, and sandstone. This is part of the wikipedia summary of oil megaprojects. Project historical databases for the canadian oilsands cost. Cenovus oil sands projects deliver strong production. Development of utah oil shale and tar sands resources. As with other oil and gas projects that require a high crude price to break even, some oil sands projects have experienced delays and cancellations over the past 12 months. Economic impacts of new oil sands projects in alberta 20102035 ix may 2011 executive summary introduction for more than 40 years, there has been ongoing development within albertas oil sands industry with a. The responsible development of oil sands is a key driver of albertas and canadas economy. Oil sands last updated july, 2018 oil sands reporting comprises of applications for oil sands royalty osr projects, royalty submissions and related supplemental reporting, such as care revenue, wcs sales, cost, subsurface and operators forecast. Pdf an overview of oil sand tar sand extraction and processing.
Alberta funds 9 projects aimed at lowering emissions from the oil sands. This paper is to be presented at the petroleum societys canadian international petroleum conference 2001, calgary, alberta. Teck resources frontier oil sands project shows reckless. Project oilsand oil sands albertas energy heritage. Sunshine is focused on the development of its significant holdings of oil sands leases in the athabasca oil sands region of alberta. We evaluate the impact of internalizing the carbon emissions externality on new oil sands projects. Projects that do not make an application under the regulation and are not covered by an existing individual agreement or the experimental oil sands royalty regulation will be subject to non. More and more megaprojects are built despite the poor performance record of many projects. Projects involving mining and insitu techniques were developed throughout the 1960s and. Canada oil sands worker tests negative for coronavirusciveo. The implications that arise from the oil sands production are a litany of health, environmental, and economic concerns.
Oil sands are found in 16 major deposits around the world, the two greatest being canadas athabasca deposit and venezuelas orinoco deposit. Critical infrastructure requirements for establishment of a viable utah oil shaletar sands industry are also discussed. Athabasca oil sands area upgraders cold lake oil sands area peace river oil sands area notes. The oil sands in alberta is the largest energy project in canada and is certain to be the longest lived mining operation in the countrys history. Crude oil from oil sands will constitute a substantial share of future global oil demand. Jan 27, 2020 check out the summer 2019 report to find out the latest information on the projects and related activities in the oil and gas sector in alberta, government initiatives associated with this sector, labour issues, new technologies and interesting facts and figures. Thermal these projects apply thermal energy usually steam in situ to produce bitumen. Why cost and schedule overruns on mega oil sands projects. Athabasca oil sands region anticipated 2018 regulatory approval for 10,000 bbld bitumen sagd project with first production in 2020 538mbbls bitumen ooip internal evaluation long life project with steady production and cash flow with low declines superior quality sagd resource 60. Economic impacts of new oil sands projects in alberta 20102035 ix may 2011 executive summary introduction for more than 40 years, there has been ongoing development within. Lipsett department of mechanical engineering, university of alberta, canada abstract as world energy demands increase, so will the exploration and exploitation of alternative energy resources. The canadian oil sands are the second largest proven oil reserve after saudi arabia. Tar sands projects are also extremely costly and capital intensive to the point where.
Pdf oil sands also known as tar sands are naturally occurring. Thanks to innovation and technology we can recover oil from the oil sands, providing energy security for the future. It assumes the keystone xl pipeline comes on stream in 20, and that a portion of approved oil sands projects not yet under construction will in fact become operational. Oil sands are composed of bitumen, a heavy and viscous tarlike oil, contained in a mixture of sand, clay and water. See par prices for oil sands royalty calculation current par pricer multiplier letter. By 20 there were nine oil sands mining projects in the athabasca oil sands deposit. The majority of oil extracted from the alberta oil sands is processed, diluted, and then sold to the us. Bituminous sands are a major source of unconventional oil, although only canada has a largescale commercial oil sands industry.
Using data from recent oil sands projects and estimates of both the social costs of carbon and carbon prices consistent with meeting global climate change targets, we estimate the potential impact of action on climate change on the economic viability of oil sands investments. Environmental impacts of oil sands the environmental impact of the oil sands is an issue that has been extremely divisive. Pdf why cost and schedule overruns on mega oil sands. As with the extraction and use of any fossil fuel, negative environmental effects arise as a result of the extraction, upgrading, and processing of bitumen from the oil sands. The industrys commitment to development of utahs oil shaletar sands resources in a sustainable and environmentally responsible manner is clearly stated. Scientists call for a moratorium on oil sands development decisions about the development of the vast oil sands deposits in alberta and elsewhere in north america are among the biggest we face as canadians and americans. Investment in tight oil, oil sands, and deepwater drives. As conventional sources of crude oil are depleted, unconventional sources of oil, such as the bitumen found in oil sands, play a larger role in offsetting declining conventional production. The committee heard testimony that this rate of output could very well triple within the next ten years and even increase by five times by 2030.
Comparing venezuelan and canadian heavy oil and tar sands. After 2030, as oil prices continue to increase, more investment in these resources is expected to result in increased production. These oil sands, hosted primarily in the mcmurray formation, consist of a mixture of crude bitumen a semisolid rocklike form of crude oil, silica sand, clay minerals, and water. Reporting is submitted through the departments electronic transfer system ets. The oil sands are a mixture of sand, clay and water together with a dense and extremely sticky form of petroleum referred to as bitumen. Approvals from numerous regulatory agencies are required at every phase, from construction and operations. The athabasca oil sands, also known as the athabasca tar sands, are large deposits of bitumen or extremely heavy crude oil, located in northeastern alberta, canada roughly centred on the boomtown of fort mcmurray. Alberta lies a promise of addiction tar sands that can be. New technology and innovation are critical to developing the oil sands and improving environmental performance.
The oil sands or tar sands, are a mixture of sand, water, clay and a type of oil called bitumen. The present level of energy generation cannot meet. Existing and proposed canadian commercial oil sands. Cenovus oil sands projects deliver strong production growth of 14% company approves additional capital investment for several oil projects foster creek and christina lake combined oil sands production was almost 67,000 barrels per day bblsd net to cenovus in the first quarter, a 14% increase compared with the same period in 2010. Article pdf available in practice periodical on structural design and construction 151 february 2010 with 358 reads. Oil sands operators must adhere to stringent regulations. A worker who became ill while staying at a canada oil sands work camp has tested negative for the new coronavirus, the camps operator. The albertan oil sands are the most commercially important on the planet, and their development has major socioeconomic impacts. Toward sustainable development introduction canada now produces over 1 million barrels of oil each day from the oil sands.
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