Calgary. Canadian oil production is expected to grow by 3.2 percent this year as output from the country's oil sands projects increases, the country's energy regulator said on Friday.
The National Energy Board said it expects Canadian crude output to total 2.81 million barrels per day this year, up from 2009 production of 2.73 million bpd.
The regulator expects output of conventional crude oil to decline about 0.4 percent, to about 781,000 barrels per day.
By contrast, production of synthetic crude from oil sands projects in Alberta will rise 11 percent to 854,369 bpd.
Additional supplies of refinery-ready synthetic crude, upgraded from the tar-like bitumen produced in the oil sands, are expected this year from projects operated by Canadian Natural Resource Ltd. and Nexen Inc.Output of heavy oil and non-upgraded bitumen is also expected to be higher in 2010, with the board forecasting a 2.2 percent gain from the year prior to 1.03 million barrels per day, the board said on tables posted on its website.
| Review Ordons Top Interest Free Oil and Gas Magazines |
Related information
- China's industrial output expects to grow 10.5% for entire 2009
- Russian oil output to reach 495MM tons in 2010
- Petrobras' oil production up 6.3 percent in Brazil in 2009
- China's power consumption increases 8.22 percent in august 2009
- Repsol Energy North America aims to double its winter output to New England in 2010-11
- Canadian oil production to increase significantly over next 15 years
