Who owns the oil sands

Register Now. FP CryptoDecoded: Join us at our free crypto and blockchain events. Manage Print Subscription. Main Menu Search financialpost. This advertisement has not loaded yet, but your article continues below. We apologize, but this video has failed to load. Bitumen is so thick that at room temperature it acts much like cold molasses. Oil sands deposits are found around the world, including Venezuela, the United States and Russia, but the Athabasca deposit in Alberta is the largest, most developed and uses the most technologically advanced production processes.

Contrary to some exaggerated reports, the current active mining footprint is about 1, km2 — an area slightly larger than the City of Calgary. A variety of oil recovery methods are currently used for oil sands production, and new methods are put in place as new technology is developed. Alternatively, bitumen may be upgraded to make heavy crude oil.

Both these products can be further refined to make gasoline, diesel, jet fuel and other petroleum-based products. We made eye contact as I waited in line at Revolver this afternoon. You smiled at me and then a Facebook comments not loading? Please check your browser settings to ensure that it is not blocking Facebook from running on straight. Get daily news , prebuys and contest updates. Straight Talk: Daily Newsletter. Other notable countries is 7. There is 3,, barrel of bitumen in production or projects currently under construction at the oil sands via the large scale mines and SAGD.

There is also 1,, barrels that will be upgraded daily. The share of Canadian companies production is 2,, barrels of production and 1,, upgrading capacity or The United States produces , barrels and upgrades , barrels a day, which is We only took into consideration the projects that are currently operating or have started construction. Our numbers came directly from the oil sands projects page from the Alberta government.

We removed the companies that only had test projects running or under construction with less 7, barrels of daily production.