Canadian Heavy Oil Association 25th Edition

Page 21

2008 A global recession–induced slowdown suspends the development of many new oilsands projects.

2006 The CHOA

Handbook is

published.

2006 Oilsands production for the first time surpasses one million barrels per day.

2008 Canadian Natural Resources Limited commences operations at the Horizon bitumen mining and upgrading project.

2010 Suncor Energy Inc. celebrates the reclamation to a solid surface of Tailings Pond One, the first tailings pond in the oilsands sector.

2000-2009

two thousand

2005 ERCB Decision 2005-122 rules production from certain Wabiskaw-McMurray gas zones will not be allowed in 917 wells where gas is in communication with underlying in situ bitumen resources. The decision conserves about 25.5 billion barrels of recoverable bitumen in contact with the shut-in gas.

H2

2009 Construction begins on Imperial Oil’s Kearl oilsands mine, the first project of its kind not to include an upgrading facility.

2

2010 Renewed strength in energy prices and investor confidence again spark forecasts of substantial new growth in oilsands development.

2011 CAPP predicts that in situ oilsands production will overtake mining oilsands production in 2014. 2011 NEB forecasts oilsands production to reach 5.1 million barrels per day by 2035.

2011 The Canadian Heavy Oil Association marks 25 years of operation.

2010-2011

two thousand

2011 CAPP reports total 2010 conventional heavy oil production in Alberta and Saskatchewan of 375,000 barrels per day, and combined mining and in situ oilsands production of approximately 1.5 million barrels per day.

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the first quarter century: 1986-2011

21


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