A report from the Canadian Association of Petroleum Producers (CAPP) forecasts Canadian crude oil production will more than double to
6.7 million bpd by 2030 from 3.2 MMbpd in 2012 (Fig. 1). This includes oil sands production of 5.2 MMbpd by 2030, up from 1.8 MMbpd in 2012.
Read the full article and see the chart here
"Conventional tight oil production is increasing because new technology allows industry to produce oil from formerly uneconomic resources, reversing a significant declining production trend over the last decade."
I believe this will continue - as technology always does - and it will have a large impact on the global supply of crude as we continue to enable the production of oil from sources that were previously unattainable.
Tuesday, 9 July 2013
From HydrocarbonProcessing.com: Canadian crude production projected to double by 2030
Posted on 06:00 by Unknown
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