Canada

07 Canada



From CERA's 2005 Report:

Canadian liquids capacity is projected to increase substantially from 3.48 mbd in 2005 to 4.70 mbd in 2010. As in the United States, there is one major contributor to this increase—in Canada’s case, it is the oil sands. Conventional liquid production, helped by growth of 0.3 mbd in the Newfoundland offshore, will remain essentially flat at 2.30 to 2.40 mbd through 2010. In addition to existing production at Hibernia and Terra Nova, the White Rose field will begin production early in 2006, and the Ben Nevis–Hebron field may be onstream by 2010, along with the shallow Avalon reservoir at Hibernia. Oil sands capacity is projected to increase by 1.12 mbd from 1.18 mbd in 2005 to 2.30 mbd in 2010. Mineable oil sands production is projected to increase from 0.67 mbd in 2005 to 1.20 mbd in 2010, led by expansions in the existing projects and initial production from the Horizon and Kearl Lake projects. Bitumen production from in-situ or steam assisted gravity drainage (SAGD) methods will increase from 0.51 mbd in 2005 to 1.10 mbd in 2010, led by expansions at Cold Lake, Christina Lake, Firebag, and Foster Creek, along with initial production from the Surmont, Long Lake, and Sunrise projects. In the next decade oil sands production is projected to reach 2.7 mbd in 2012 and 4.8 mbd by 2020.