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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.1 I/ K& }; Y5 _- a# [/ z" D
4 D& e6 b9 o6 J) E7 y7 i( _( X/ x; jThe production and market outlook paints two scenarios.* x6 F$ u" l1 o" Z9 y
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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.3 W1 G; e" \2 N5 y
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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.
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( s4 v8 `3 {' K" Y' C# ]"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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3 w; l' n$ ~5 Q$ {* @9 E/ KCAPP sees no need for more pipe-line capacity in the decade ahead.$ C) k1 k; A. g. l4 o7 r1 s
+ t+ ]+ b2 r8 ^ ]" E0 q4 ]"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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发表于 2009-6-6 20:32
