News Release 2010-06-05

 

News Release 2010-06-05

News Release 2010-06-05 (NR2010-06)

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ERCB report shows 14% growth in Alberta oil sands production in 2009

For immediate release

Calgary, Alberta (Jun 05, 2010)… The Energy Resources Conservation Board (ERCB) has released its annual report Alberta's Reserves 2009 and Supply/Demand Outlook 2010-2019. The ERCB report is a source of information on the state of reserves and the supply and demand outlook for Alberta 's diverse energy resources: crude bitumen, crude oil, natural gas, natural gas liquids, coal, and sulphur.

 

In 2009, Alberta produced 1.49 million barrels per day of raw crude bitumen from the oil sands. The 2009 yearly total of 544 million barrels produced from the oil sands represents a 14% increase over Alberta 's 2008 oil sands production.

The report notes that, since 1967, Alberta has produced 6.99 billion barrels of raw crude bitumen from the oil sands and conventional oil production has produced 16 billion barrels of crude oil since the industry began.

Also in 2009, Alberta 's conventional oil production totaled 461,300 barrels of oil per day with a yearly total of 169 million barrels. This is an 8.6% reduction from 2008.

The ERCB also forecasts Alberta 's annual bitumen production will total 3.2 million barrels per day for a total of 1.2 billion barrels per year by 2019.

Other report highlights include:

  • The ERCB's re-evaluation of the Athabasca Grosmont oil sands area results in a 28% increase to in-place bitumen resource.
  • Alberta 's total remaining established bitumen and conventional oil reserves totaled 171.3 billion barrels, consisting of bitumen (169.9 bill ion barrels) and conventional oil (1.4 bill ion barrels).
  • Remaining established marketable conventional gas reserves stood at 37.5 trillion cubic feet.
  • Remaining established coalbed methane gas reserves stood at 2.3 trillion cubic feet.
  • Alberta 's remaining established coal reserves are estimated at about 37 bill ion tons.

Alberta 's Reserves 2009 and Supply/Demand Outlook 2010-2019 is available on the ERCB web site at www.ercb.ca.

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For more information, please contact:

Darin Barter, ERCB Communications
Phone: 403-681-0946
E-mail: Darin.Barter@ercb.ca
Media line: 1-855-474-6356

NR2010-06