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The Oil and Gas Industry in Alberta: The Oilsands

The Oil and Gas Industry in Alberta: The Oilsands. Map Courtesy of CAPP and Calgary Herald. Examples of Proposed Tar Sands Investments. Project Location Cost Bbl/day Start-U p Nexen Long Lake Ft McM. $3 Bil. 70K Cdn Nat Res. Horizon $8.5 B 232K

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The Oil and Gas Industry in Alberta: The Oilsands

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  1. The Oil and Gas Industry in Alberta: The Oilsands

  2. Map Courtesy of CAPP and Calgary Herald

  3. Examples of Proposed Tar Sands Investments ProjectLocationCostBbl/dayStart-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

  4. 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

  5. Importance of Oil Sands (cont’d) • 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

  6. Drag Line Machine

  7. Digger, Drag Line Bucket & Bus

  8. Buffalo Sculpture near Syncrude Mine, North of Ft. McMurray

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