Canada's oil output seen growing to 3.9 million b/d next year
Canada's total crude oil output is expected to reach 3.9 million b/d in 2015, some 500,000 b/d more than the current output, driven primarily by small in-situ oil sands developments, each typically 35,000-40,000 b/d, an industry official said Monday.
Oil sands output in Alberta will account for 2.3 million b/d of the new barrels to be produced next year, followed by conventional light output in primarily Alberta and Saskatchewan at 1.4 million b/d and 200,000 b/d from eastern Canada, said Beth Lau, manager of oil supply and markets with the Canadian Association of Petroleum Producers.
"Oil sands production is growing by an average 10% each year, and we also see a reversal in the trend for conventional output, with more light barrels being produced," Lau said.
Stressing the critical need
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Submitted Apr 14, 2014 By: