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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.0 R2 i7 |6 i$ {, ] u% a8 B' Q
- J$ f# H7 b5 s7 s* u! MThe production and market outlook paints two scenarios.
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6 L* h C9 q' y7 _& YUnder 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 z# ~# C8 ^$ [8 s; W
( }7 S& D1 ~9 Y8 F9 k5 J: ZCAPP 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.
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V5 y0 u5 }, k"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."
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% T+ `& T M/ w4 }" ~! w- _! {7 ECAPP sees no need for more pipe-line capacity in the decade ahead.3 t1 k6 t; w4 \) o: `
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"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 |
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发表于 2009-6-6 17:59
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