Country report
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44 Pages

Canadian Oil Sands upstream summary

Canadian Oil Sands upstream summary

Report summary

Canada's oil sands are one of the world's largest single petroleum deposits, estimated to hold between 1.5 and 2.5 trillion barrels of in-place bitumen. The Alberta Energy Regulator (AER) has estimated remaining established reserves of 170 billion barrels, placing Canada alongside Saudi Arabia and Venezuela as one of the largest reserve holders globally. As such, Canada enjoys a position as a strategically important source of reserves and production. Furthermore, in contrast to its ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 1.00 MB 44 Pages, 17 Tables, 13 Figures
  • Country Overview XLS - 722.50 KB


Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Introduction
    • Structure
    • Reservoirs
    • Western Canadian sedimentary basin
    • Athabasca Oil Sands
      • Overburden
      • Colorado Group
      • Grand Rapids Formation
      • Clearwater Formation
      • McMurray Formation
      • Devonian
    • Cold Lake Oil Sands
      • McMurray Formation
      • Wabiskaw Formation
      • Clearwater Formation
  • Exploration
    • Licensing
    • Regulation
  • Reserves and resources
  • Production
    • Oil/Liquids
    • Production Techniques
  • Infrastructure
    • Introduction
    • Oil infrastructure
    • Upgrading
    • Hubs
    • Athabasca Region
    • Cold Lake Region
    • Trunk Lines
    • Diluent Transport Lines
    • Rail loading
  • Costs
    • Capital costs
      • Capital expenditure by location
      • Capital expenditure by development status
    • Operating costs
      • Operating expenditure by location
      • Operating expenditure by development status
  • Policy and regulation
    • Key legislation
    • Oil Sands Conservation Act
      • Purposes of Act
    • Alberta Environmental Protection and Enhancement Act
    • Regulatory body
    • Alberta Energy Regulator (AER)
      • Vision
      • Mandate
    • National Energy Board
    • Licensing
    • Award of Licences
    • Development Application
    • Shallow In Situ Development
    • CNRL Primrose Flow to Surface
  • Fiscal terms
    • Current fiscal terms
      • Pipelines
      • Gas Utilisation
      • Bonuses, rentals and fees
      • Royalty and other production taxes
      • Corporate (or Petroleum) Income Tax
    • Historical background
    • Pre-1990s
    • 1990s
    • 2000s

In this report there are 30 tables or charts, including:

  • Executive summary
    • Liquids Production
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Canadian Oil Sands Index Map
    • Canadian Oil Sands Detail Map
  • Key companies
    • Remaining Commercial and Technical Reserves at 01/01/2016
    • Liquids and Gas Production 2016
    • Capital Expenditure 2016
    • Net Acreage 2016
  • Geology
    • Athabasca Oil Sands Stratigraphic Column
  • Exploration
  • Reserves and resources
    • Reserves and resources: Table 1
    • Reserves and resources: Table 2
  • Production
    • Production: Table 1
    • Production: Table 2
    • Liquids Production
    • Liquids Production by Development Status
  • Infrastructure
    • Oil Sands Infrastructure Map
    • Infrastructure: Table 1
    • Infrastructure: Table 2
  • Costs
    • Capital Expenditure by Region (US$ Million)
    • Costs: Table 1
    • Costs: Table 2
    • Operating Expenditure by Region (US$ Million)
  • Policy and regulation
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
    • Fiscal terms: Table 3
    • Fiscal terms: Table 4
    • Fiscal terms: Table 5
    • Fiscal terms: Table 6
    • Fiscal terms: Table 7
    • Appendix
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