SLIDE 3 3
Oil il Sa Sand nds of
Albert rta
- Third largest proven petroleum reserves in the world
- Oil sands bitumen is biodegraded conventional crude
- il
- Conventional crude oil migrated close to the earth’s
surface allowing biodegradation that increased its viscosity and density
- Oil sands bitumen is treated to allow transport by
pipeline to refineries
- Oil sands derived crudes have physical properties
similar to those of traditional heavy crude oils
- Crude oils derived from these oil sands have been
refined in North American refineries for decades
- Oil sands production could rise from 1.3 M barrels a
day to 3.7 M to 5.4 M barrels a day over next 20 yrs
- Next-generation technologies improving production
efficiency, reducing environmental footprint
- Economic and energy security benefits for both Canada
and the U.S. through jobs and nearby, reliable supply