 鲜花( 0)  鸡蛋( 0)
|
Alberta's oilsands could push Canada's oil production to more than 4.2 million barrels a day by 2025, compared with 2.7 million bpd currently, if the investment climate improves over time, said the Canadian Association of Petroleum Producers in a forecast released Friday.
4 P- ?# i' n7 a7 y2 ~' z/ ]1 K6 g* L4 }: n7 w5 L( a4 x& D
The production and market outlook paints two scenarios.2 H0 N* K9 ] R5 \5 r
g0 m, u+ Z" d# _+ t' j( \
Under a conservative approach, which includes projects operating or under construction, Canadian crude oil output would rise to just 2.8 million bpd by 2025, with the oilsands replacing declining conventional production.
9 `9 W9 I$ V4 i, w& b, h& L9 I0 L7 W- ?1 E3 ~5 |
CAPP sees oilsands output increasing to two million bpd under its conservative approach, compared with 3.3 million bpd under its growth scenario, which assumes an improving economic market.
' J! T8 y7 P' T- D
# J0 J3 u0 g3 V+ K) R"CAPP's production forecast indicates that even with delays due to current economic circumstances, oilsands production is expected to grow, although the pace of development has slowed," said Greg Stringham, vice-president for markets and oilsands. "Producers expect continued demand for the security of supply that crude oil from Canada provides to the North American energy market."
8 q3 Z7 D, ~! L; [$ C- W: e' f8 P6 |4 K; _8 L. M6 C
CAPP sees no need for more pipe-line capacity in the decade ahead.
! X) A5 E0 ^: o. n, s
( Z5 A7 D" l' V' @4 `' d1 k"In terms of pipeline capacity to meet market expectations, this year's outlook indicates that the significant pipeline development now under-way will amply connect forecasted production to long-term demand in the North American energy market," Stringham said |
|