In Canada’s Energy Future 2019 (EF2019) the Canada Energy Regulator projectsFootnote1 western Canadian conventional, tight, and shale oil productionFootnote2 will steadily increase through 2040.
In 2019 53 per cent of the conventional, tight, and shale oil produced in western Canada was heavy. The share of heavy oil production is projected to climb slightly in the near term as Saskatchewan ramps up some thermal heavy oil projects.
The share of heavy oil production falls to 52 per cent by 2040 as production from those projects level off and growth in light oil outpaces growth in heavy oil (not including heavy oil production from the oil sands).
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
Energi Media
Get the eBook, The New Alberta Advantage: Technology, Policy, and the Future of the Oil Sands, written by our founder and publisher, Markham Hislop, for FREE.
Sign up now and get exclusive access to your FREE download in the next newsletter and receive Energi Media Weekly Update straight to your inbox too!
Be the first to comment