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Oil reserves in Canada were estimated at 172 billion barrels (27 × 10 ^ 9 m 3) as of the start of 2015 . This figure includes the oil sands reserves that are estimated by government regulators to be economically producible at current prices using current technology. [ 1 ]
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
By default countries are ranked by their total proven oil reserves. Note that data related to one parameter may be more up to date than data related to some other. See also separate lists and their source pages: List of countries by proven oil reserves [1] List of countries by oil production [2] List of countries by oil consumption [3]
These unconventional deposits give Canada the world's third largest oil reserves, which are rivaled only by similar but even larger oil reserves in Venezuela, and conventional oil reserves in Saudi Arabia. Although Alberta has already produced over 90% of its conventional crude oil reserves, it has produced only 5% of its oil sands, and its ...
View history; Tools. Tools. move to sidebar hide. ... Petroleum in Canada (4 C, 4 P) Petroleum in Chad (1 C, ... List of countries by proven oil reserves; F.
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However, under current rules, oil can only be pumped from the reserve at a maximum rate of “4.4 million barrels per day for up to 90 days,” according to the Department of Energy. Student loan ...
View history; General ... Pages in category "Oil reserves by country" The following 17 pages are in this category, out of 17 total. ... Oil reserves in Canada;