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Alberta Oil Sands - Edmonton Oilsands Developments
The largest explored oilsands are located in Northern Alberta in the Fort McMurray area. Edmonton is just four hours away from the rich Alberta oilsands and is expected to grow rapidly in the next decade.

Alberta’s oilsands are the world’s largest known petrocarbon source and estimates of 176 billion barrels are recoverable at current prices. The oilsands are located north of Edmonton approximately 4 hours. Annual revenues from oilsands in 2004 was US $12.5 billion and this is expected to increase to US $43 billion by 2014. Annual royalties and taxes from oilsands projects paid to Alberta were $873 million and this is expected to increase to $3 billion in 2011. The number of new jobs expected to be created as a result of the oilsands projects by 2008 is 240,000.

Below are some of the amazing facts about the Alberta Oilsands:

  • Area of oilsands deposits: six million hectares
  • Current estimated reserves of oil from oil sands: 178 billion barrels
  • Potential reserves with improved extraction technology: 300 billion barrels
  • Barrels of oil produced daily
    o In 2004 – One million
    o In 2014 – Three million
  • Annual revenues from oil sands:
    o In 2004 – US $12.5 billion
    o In 2014 – US $43 billion (est.)
  • Annual royalties and taxes from oilsands projects paid to Alberta
    o In 2004 - $873 million
    o In 2011 - $3 billion
  • Number of jobs created by oilsands
    o In 2004 – 140,000
    o In 2008 – 240,000

Source: Maclean’s – July 13, 2005