The Oil and Gas Industry in Alberta: The Oilsands

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The Oil and Gas Industry in Alberta The Oilsands
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Map Courtesy of CAPP and Calgary Herald
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Examples of Proposed Tar Sands Investments

• Project Location Cost Bbl/day Start-Up
• Nexen Long Lake Ft McM. 3 Bil. 70K
• Cdn Nat Res. Horizon 8.5 B 232K
• Shell Cda Jackpine Ft. McM. 2 B 70K
• TrueNorth Fort Hills 3.5B
• Albion Muskeg R. Ft. McM. 1.8 B 155K
• ConocoPhillips Surmont Ft. McM 1B 110K
• Syncrude Phase 3 Ft. McM 5.7B
• Husky Tucker Cold Lake 0.5B 35K 2006
• Husky Sunshine Ft. McM 2.5B 200K 2008
• --------------------------------------------------
  --------------------------------
• Suncor Millenium Ft. McM 3.4B already

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The Importance of the Oil Sands

• Similar reserves to Saudi Arabia. Will replace
  conventional oil in Canada. A source for export
  to USA (recall USA concerns over security of
  supply). Will produce ½ of Cdn oil by 2005 or
  06.
• Along with rising price of oil and natural gas,
  is an engine driving the current Alberta boom
• The new megaprojects Numerous new plants or
  expansions are planned, each at several billion
  dollars before cost over-runs. Total 63
  Billion
• Major impact on Ft. McMurray (boom town again)
  and nearby First Nations

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Importance of Oil Sands (contd)

• Not just Ft. McMurray Cold Lake, too. Also.
  Undeveloped near Peace River.
• Major emissions of greenhouse gases, which
  contribute to global warming.
• Major user of water (esp. steam injection)
• Uses much energy to produce oil

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Drag Line Machine
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Digger, Drag Line Bucket Bus
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Buffalo Sculpture near Syncrude Mine, North of
Ft. McMurray