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FULL STEAM AHEAD - THE CANADIAN OIL SANDS EXPERIENCE

Full Steam Ahead - The Canadian Oil Sands Experience

Study Released August 20, 2013

Commodity Report - Crude Oil - June 2013

Another year has passed and 2012 was a year of growth for the Canadian oil sands. The fact remains that the oil sands is and will be one of the primary drivers of growth in the Canadian oil and gas industry. Over the past year, as per the Energy Annual Report by the Government of Alberta, the oil sands industry has drilled 2,171 wells, produced 1.7 million barrels per day of crude bitumen and contributed $4.5 billion to provincial coffers.1 All in all, 2012 marked a year of growth for oil sands producers amid transportation issues, lack of market diversification, increasing production of tight oil in the US and Canada, and on-going skilled labour shortages and rising project costs. It is clear that among all these themes, one dominated the most – transportation challenges..... Download full report.

June 2013