Canadian Oil Reserves Estimates

Oil Resources

2019/12/16  Total Canadian proven oil reserves are estimated at 171.0 billion barrels, of which 166.3 billion barrels are found in Alberta's oil sands and an additional

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Canada: crude oil reserves by type Statista

2024/2/15  Proved oil reserves in Canada 2021, by type. Published by Statista Research Department , Feb 15, 2024. The vast majority of proved reserves in Canada is held in the form of oil sands. As of the ...

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Energy Fact Book 2021-2022 _ Section 6: Oil, natural gas and

OF CANADA’S PROVED RESERVES OF CANADA’S OIL PRODUCTION IN 2020 OR 2.8 MMb/d. 63%. 97%. BITUMEN UPGRADING • Crude bitumen from oil sands may be

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Reserve Estimates: Uncertainty And Its Implications - OnePetro

1995/4/1  Abstract. The determination of oil and gas reserve volumes and their values is subject both to uncertainty in the parameters used to make the estimates and to the biases of individuals and organizations making and using the estimates. The traditional reserve classification, into Proved, Probable and Possible categories, although generally

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Oil reserves - Our World in Data

2024/6/20  Canadian oil sands 'under active development' are an official estimate. Venezuelan Orinoco Belt reserves are based on the OPEC Secretariat and government announcements. Reserves and R/P

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Crude oil reserves in Canada 2020 Statista

2023/8/25  Proved crude oil reserves in Canada reached 168 billion barrels in 2020. ... Western Canadian Select (WCS) crude oil monthly price 2022-2024 ... Upstream oil and gas industry revenue estimate in ...

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Canada: crude oil reserves Statista

2024/2/15  Since 1951, Canadian conventional crude oil reserves fluctuated, peaking at some 1.62 billion cubic meters in 1970. ... Upstream oil and gas industry revenue estimate in Canada 2024, by type;

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Canada in the Arctic - Arctic Oil and Gas: Reserves, Activities,

2012/4/25  Estimated Canadian Arctic Oil and Gas Reserves. The USGS estimates that the Amerasia Basin, which is shared by Canada and the US, holds the second biggest undiscovered oil share in the Arctic, which amounts to ca. 10 billion barrels of oil equivalent (BBOE) and is only topped by Arctic Alaska with approximately three times as much.

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Oil – Statistical Review of World Energy 2021 - bp

Canadian oil sands ‘under active development’ are an official estimate. Venezuelan Orinoco Belt reserves are based on the OPEC Secretariat and government announcements. ... Reserves and R/P ratio for Canada includes Canadian oil sands. Reserves and R/P ratio for Venezuela includes the Orinoco Belt. Saudi Arabia’s oil

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Global oil and gas reserves increase in 2022 Oil Gas Journal

2022/12/5  The latest estimate of Canadian oil sands reserves decreased to 160 billion bbl from 161.2 billion bbl a year ago. In the natural gas section, CER only publishes natural gas “resources” and ...

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Visualizing the Size and Scale of the Canadian Oil Sands

The global average oil reserve to annual production ratio (49.9) suggests approximately 50 years of supply. Though oil demand estimates dropped below supply estimates in 2020, the EIA estimates that demand will return to 2019 levels in

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ENERGY FACT BOOK

The indirect contribution is not comparable to previously published estimates due to revisions and ... of Canada’s proven oil reserves are located in the oil sands. 97%. 1,735 billion . barrels (at the end of 2021) Venezuela ... CANADIAN TRADE OF CRUDE OIL. Exports. Million barrels per day Imports. 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0

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Estimated Production of Canadian Crude Oil and Equivalent

2024/7/26  Estimated Production of Canadian Crude Oil and Equivalent. For further information, contact [email protected]. 2024 (updated July 25, 2024) [EXCEL 330 KB] The data sources and calculations used are described in the Excel file on the first worksheet. Forecasted values are no longer available in this publication.

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CANADIAN OIL AND GAS EVALUATION HANDBOOK

The reduction in Reserves estimates as a result of selling all or a portion of an interest should be recorded at the closing date of the purchase and sale agreement. ... Canadian Oil and Gas Evaluation Handbook – Consolidated 3rd Edition – (Online) 244 P a g e

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Canadian Oil - Energy Council of Canada

Oil is a vital source of Canadian energy. Canada has the third-largest oil reserves in the world, with 168 billion barrels at the end of 2020, as reported in the bp Statistical Review of World Energy 2021.

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Canadian Oil and Gas Evaluation Handbook - Society of

SPE Canada > Canadian Oil and Gas Evaluation Handbook. The sales of The Canadian Oil and Gas Evaluation Handbook (COGEH) are now being administered by Sproule.To order any of the COGEH volumes, please visit the SPEE website.. The Second Edition of Volume 1: Reserves Definitions and Evaluation Practices and Procedures (published

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Energy Fact Book 2021-2022 _ Section 6: Oil, natural gas and

OF CANADA’S PROVED RESERVES OF CANADA’S OIL PRODUCTION IN 2020 OR 2.8 MMb/d. 63%. 97%. BITUMEN UPGRADING • Crude bitumen from oil sands may be transported to upgraders for processing to make it lighter – “synthetic . crude oil.” • In 2020, 47%. of the raw bitumen produced was sent for . upgrading in Alberta.

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CANADIAN OIL AND GAS EVALUATION HANDBOOK

The reduction in Reserves estimates as a result of selling all or a portion of an interest should be recorded at the closing date of the purchase and sale agreement. ... Canadian Oil and Gas Evaluation Handbook – Consolidated 3rd Edition – (Online) 244 P a g e

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Canadian Oil - Energy Council of Canada

Oil is a vital source of Canadian energy. Canada has the third-largest oil reserves in the world, with 168 billion barrels at the end of 2020, as reported in the bp Statistical Review of World Energy 2021.

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Canadian Oil and Gas Evaluation Handbook - Society of

SPE Canada > Canadian Oil and Gas Evaluation Handbook. The sales of The Canadian Oil and Gas Evaluation Handbook (COGEH) are now being administered by Sproule.To order any of the COGEH volumes, please visit the SPEE website.. The Second Edition of Volume 1: Reserves Definitions and Evaluation Practices and Procedures (published

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Energy Fact Book 2021-2022 _ Section 6: Oil, natural gas and

OF CANADA’S PROVED RESERVES OF CANADA’S OIL PRODUCTION IN 2020 OR 2.8 MMb/d. 63%. 97%. BITUMEN UPGRADING • Crude bitumen from oil sands may be transported to upgraders for processing to make it lighter – “synthetic . crude oil.” • In 2020, 47%. of the raw bitumen produced was sent for . upgrading in Alberta.

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Oil and gas reserves and resource quantification - Wikipedia

An oil or gas resource refers to known (discovered fields) or potential accumulations of oil and/or gas (i.e undiscovered prospects and leads) in the subsurface of the Earth's crust.All reserve and resource estimates involve uncertainty in volume estimates (expressed below as Low, Mid or High uncertainty), as well as a risk or chance to exist in reality, [g]

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12 Biggest Canadian Oil and Natural Gas Companies

2024/3/8  Oil reserves in the northeastern region of the province contributed $632 million in royalties and sales in the fiscal year 2021-2022. The market there also invests significantly in the exploration and development of oil and gas. ... The company reported an EPS of $0.93 and surpassed estimates by $0.14. The company’s revenue for the quarter ...

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Oil refinery capacity in Canada 2023 Statista

2024/7/8  Western Canadian Select (WCS) crude oil monthly price 2022-2024; ... Upstream oil and gas industry revenue estimate in Canada 2024, by type ... Basic Statistic Proved oil reserves in Canada 2021, ...

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Petroleum industry in Canada - Wikipedia

Canadian oil production: conventional crude oil in red, and total petroleum liquids, including from oil sands, in black Total oil production in Canada in TWh. Petroleum production in Canada is a major industry which is important to the overall economy of North America. Canada has the third largest oil reserves in the world and is the world's fourth largest oil

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U.S. refiners eye Canadian oil once strategic reserve turns off taps

2022/9/20  The releases have weighed on the price of Western Canada Select (WCS), the benchmark Canadian heavy grade. That oil, because it has similar qualities to the sour crude that dominates U.S. reserves ...

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COGE Handbook PDF Download - Society of Petroleum Evaluation Engineers ...

Download a PDF version of the Canadian Oil and Gas Evaluation Handbook PDF. This document was revised on January, 2022 and contains: Volume 1 – Reserves Definitions and Evaluation Practices and Procedures; Volume 2 – Detailed Guidelines for Estimation and Classification of Oil and Gas Resources and Reserves; Volume 3 – CBM Reserves

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Largest Canadian oil companies production reserves 2024

June 20, 2022 : oil price has skyrocketed to $110 US per barrel pummeling estimates made by analysts just 12 months ago. the war in Ukraine coupled with worldwide bans on Russian crude imports have taken the price even higher. New drilling takes more than 18 months to happen, from license approval to preparing the well for extraction.

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Unextractable fossil fuels in a 1.5 °C world Nature

This includes 84% of the 49 billion barrels (Gb) of Canadian oil sands we estimate as proven reserves. By contrast, the FSU region has a relatively low unextractable share of total oil reserves ...

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Permian Oil Reserves May Be Twice As Big As We Thought

2018/12/7  The U.S. Geological Survey has revised the technically recoverable reserves in the Wolfcamp Basin, in the Permian shale play, to 46.3 billion barrels of crude and 281 trillion cu ft of natural gas

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Highly Accurate 3rd Party ARO Estimates for Inclusion in Reserves ...

2020/2/5  Recent changes to the Canadian Oil Gas Evaluation Handbook (COGEH) consider it a best practice to incorporate abandonment, decommissioning and reclamation costs into reserve evaluation reports. Not only is including environmental liability estimates the right thing to do, but increasingly it is being demanded by investors throughout the

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