Canadian Oil Sands Output Seen at 1.7 Mln B/D in 2010

Canadian oil producers will ramp up production from oil sands even faster than previously forecast, an international oil conference here was told.

Addressing the Canadian Energy Research Institute’s oil outlook conference, Robert Dunbar, president of energy consulting firm Strategy West Inc., projected gross bitumen production from northern Alberta’s oil sands reaching 1.7 million barrels a day by 2010, increasing to 2.8 million barrels a day in 2015 and 3.6 million barrels a day in 2020, up from 1 million barrels a day in 2004.

Bitumen is the ultra-heavy tar-like form of crude oil found in Alberta oil sands deposits.
Schlumberger