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Calgary, Alberta (Jun 08, 2011)… The Energy Resources Conservation Board (ERCB) has released its annual report Alberta's Reserves 2010 and Supply/Demand Outlook 2011-2020. 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 2010, Alberta’s crude oil production totaled 73.0 thousand cubic metres (m3) (459 thousand barrels) of oil per day with a yearly total of 26.6 million m3 (168 million barrels). This is a 0.4 per cent reduction from 2009.
Also in 2010, Alberta produced 256.3 thousand m3 (1.6 million barrels) per day of raw crude bitumen from the oil sands. The 2010 yearly total of 93.5 million m3 (589 million barrels) produced from the oil sands represents an 8 per cent increase over Alberta’s 2009 oil sands production.
The ERCB also forecasts Alberta’s annual raw crude bitumen production will total 549.6 thousand m3 (3.5 million barrels) per day for a total of 201 million m3 (1.3 billion barrels) per year by 2020.
The report notes that, since 1967, Alberta has produced 1.2 billion m3 (7.5 billion barrels) of raw crude bitumen from the oil sands and crude oil production has produced 2.6 billion m3 (16 billion barrels) of crude oil since the industry began.
Other report highlights include:
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For more information, please contact:Bob Curran, ERCB Communications