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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.9 w: S& ~# B. Y0 ]( O% m6 F3 O* U
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The production and market outlook paints two scenarios.* P$ Z4 D" L, Q( i; {9 I
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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.: s9 s( X9 h( p8 h9 r9 x# y2 n2 K
7 t5 Q! f& D% P% o [% j/ C& w- S$ @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.7 d9 p& u- |. Q: L3 a& z
8 H$ F; ]/ \4 f+ e$ ^) s9 ^3 h"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." a" ]6 }3 O6 b3 H6 A# s
; m' ~$ D* z: m; Q wCAPP sees no need for more pipe-line capacity in the decade ahead.
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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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