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You are here: Home / News / Alberta / Canadian crude by the numbers, a CAPP report

Canadian crude by the numbers, a CAPP report

August 18, 2014 by Rob Hislop Leave a Comment

Production

  • There are 173 billion bbls of proven oil reserves in Canada.
  • The oil sands hold 167 billion bbls .
  • Canadian crude oil production is expected to increase to 6.4 million bpd to 2030.
  • Oil sands production is expected to increase to 4.8 million bpd by 2030.
  • The bitumen upgrading is not likely to increase with production due to economic challenges.
  • There are currently five bitumen upgraders in Alberta.
graphic courtesy: Colombia Reports

graphic courtesy: Colombia Reports

Refining

  • Last year, Canadian refineries processed 905 000 bpd of crude oil from Western Canada.
  • Canadian refineries have a total crude oil processing capacity of 1.9 million bpd.

Exports

  • Canada is the top foreign supplier of crude oil to the US.
  • Oil producing regions in Western Canada have limited access to global crude oil markets.
  • Asia and Europe are showing interest in Canadian crude oil.
  • It was reported that in May 2014, the first shipment of oil sands crude was sent to Spain for processing in Spanish refineries.

Transportation

  • Pipelines are the main mode of transportation for crude oil in Canada.
  • There are currently four major pipelines.
  • Rail is increasingly becoming a popular choice for crude oil transportation.
  • By 2016, CAPP forecast that approximately 700 000 bpd of crude oil could be transported to markets by rail.

(source: Energy Global & Canadian Association of Petroleum Producers)

Filed Under: Alberta, Canada, News Tagged With: Alberta, Canada, Canadian Association of Petroleum Producers, crude oil, oil, oil industry, oil sands, pipeline, train

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