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Saskatchewan and offshore areas of Newfoundland in particular have substantial oil production and reserves. [3] Alberta has 39% of Canada's remaining conventional oil reserves, offshore Newfoundland 28% and Saskatchewan 27%, but if oil sands are included, Alberta's share is over 98%.
Saskatchewan is rich in minerals. Oil and natural gas found beneath the prairie, prove to be one of the province's most important minerals. The area north of Lake Athabaska has been exploited for ores yielding uranium. In 1995 Saskatchewan uranium amounted to 30% of world uranium reserves. [5]
Saskatchewan is Canada's second-largest oil-producing province after Alberta, producing about 13.5% of Canada's petroleum in 2015. This included light crude oil, heavy crude oil, and natural-gas condensate. Most of its production is heavy oil but, unlike Alberta, none of Saskatchewan's heavy oil deposits are officially classified as bituminous ...
Because proven reserves include oil recoverable under current economic conditions, nations may see large increases in proven reserves when known, but previously uneconomic deposits become economic to develop. In this way, Canada's proven reserves increased suddenly in 2003 when the oil sands of Alberta were seen to
Crescent Point Energy and other operators are implementing waterfloods in the Bakken Formation of the Viewfield Oil Field in Saskatchewan. Some believe that waterflooding can raise the recovery factor at Viewfield from 19 percent to more than 30 percent, adding 1.5 to two billion barrels of additional oil. [39]
Both the federal and Saskatchewan governments had forbidden their Crown corporations to participate in the project, yet both took part themselves. The province had a particular interest, since an upgrader would increase the market for heavy oil from Saskatchewan's fields. This would give the provincial oil industry an important boost.
Canadian Natural Resources Limited, or CNRL or Canadian Natural is a senior Canadian oil and natural gas company that operates primarily in the Western Canadian provinces of British Columbia, Alberta, Saskatchewan, and Manitoba, with offshore operations in the United Kingdom sector of the North Sea, and offshore Côte d'Ivoire and Gabon.
The early 1950s was a great year for the oil industry in south-western Saskatchewan. [17] In March 1953, Saskatchewan's oil reserves were at 124,000,000 barrels ...
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