July 2013

Trends and Resources

HP Impact: Canadian crude production projected to double by 2030

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 incl..

Thinnes, Billy, Hydrocarbon Processing Staff

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.     Fig. 1. Canadian oil sands and conventional   production, 2006 to 2030.  While the overall trend is similar to last year’s forecast, the notable differences include an increase in total production of 500 Mbpd by 2030. The increase includes incremental conventional production of 300 Mbpd by 2030 and oil sands production of 200 Mbpd by 2030. This year’s forecast also includes a

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