Future Could Bring Oil Output Growth to Western Canada

With Alberta production limits set to be lifted in December, some oil and gas companies are planning to increase production following curtailments earlier this year.

Located on the Cold Lake Air Weapons Range, Cenovus Energy’s Foster Creek oil sands project uses steam-assisted gravity drainage to drill wells, inject steam at a low pressure and pump oil to the surface. (Source: Cenovus Energy)

Located on the Cold Lake Air Weapons Range, Cenovus Energy’s Foster Creek oil sands project uses steam-assisted gravity drainage to drill wells, inject steam at a low pressure and pump oil to the surface. (Source: Cenovus Energy)

As mining and in situ startups approach, Western Canada’s oil production appears to be on the road toward growth, analysts say.

The outlook, shared during a recent Rystad Energy webinar, was delivered after some Alberta thermal oil sands producers posted large monthly gains this summer and more production came back online following a massive drop during first-half 2020 amid the coronavirus-driven oil demand slowdown.

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Velda Addison

Velda Addison is the senior editor of digital media for Hart Energy’s editorial team. She covers energy with a focus on renewables.