AAPG Memoir 74, Chapter 8: Petroleum Resources of Canada in the Twenty-First Century, by K. Skipper, Pages 109 - 135
from: AAPG Memoir 74: Petroleum Provinces of the Twenty-first Century, Edited by Marlan W. Downey, Jack C. Threet, and William A. Morgan
Copyright 2001 by The American Association of Petroleum Geologists. All rights reserved.

Chapter 8
Petroleum Resources of Canada
in the Twenty-first Century

Keith Skipper
Antrim Energy Inc., Calgary, Alberta, Canada

ABSTRACT

Remaining reserves of marketable crude oil and natural gas in Canada are more than 1.43 billion [10⁹] m³ (9 billion bbl) and 1.84 trillion [10¹²] m³ (65 trillion cubic feet [tcf]), respectively. These reserves enable current annual extraction rates of 127 million m³ (800 million bbl) of oil and 170 billion m³ (6 tcf) of natural gas, mainly from the mature Western Canada Sedimentary Basin. In the new millennium, expanded contributions to production capacity will come initially from the Mesozoic Jeanne d'Arc Basin (e.g., Hibernia and Terra Nova oil) offshore Newfoundland and from basins off Nova Scotia (e.g., Sable Island gas). In northern Alberta, additional investment in exploiting the Cretaceous oil sands will enhance the production of upgraded (synthetic) crude oil, bitumen, and heavy oil.