The Canadian Oil Sands - A Backgrounder


Preface -

Described by Time Magazine as “Canada’s greatest buried energy treasure”, the Canadian oil sands encompass over 140,000 km2 (54054 mi2) underlying northern Alberta and Saskatchewan. Overall crude production from the oil sands is estimated to reach 3.88 million barrels per day by 2020, and 4.34 million barrels per day by 2025, which will meet an estimated 16 percent of North American oil demand. Over $91 billion has been invested in the oil sands in recent years and over $170 billion in oil sands-related projects are currently underway or proposed. Only about four percent of the initial established bitumen reserves have been extracted to date. The fourth wave of oil sands development is now underway. With the world demand for crude oil expected to exceed 105 million barrels a day by 2030, the Canadian oil sands give investors access to a massive resource base that is politically stable and has a long reserve life.

Oil sands developments are mega-projects with very significant regulatory, capital, commercial and environmental components such that it is imperative that investors seek legal advice from a firm with lengthy experience in the oil industry in general and the Canadian oil sands in particular. Having played an integral role in the development of the Canadian oil and gas industry for nearly 90 years, Bennett Jones LLP has compiled this backgrounder for potential investors in the oil sands.

Please see full publication below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Bennett Jones LLP | Attorney Advertising

Written by:


Bennett Jones LLP on:

Readers' Choice 2017
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.