Basic Statistics 

CAPP provides basic statistics that provide a broad overview of Canada’s upstream oil and gas industry.

Crude Oil

2013 Statistics

Reserves 
(2012)

Conventional Oil:

4,896 million barrels
Production:
(2013)
Conventional Oil: 1.38 million barrels per day
Prices: Crude Oil:
WTI @ Cushing on Nymex:
2013 - $97.97 (US$/bbl)
2012 - $94.21 (US$/bbl)
Exports:
(2013)
Crude Oil, Condensates, Pentanes, etc.**: 2013 - 2.555 million barrels per day
2012 - 2.354 million barrels per day
Imports:
(2013)
Crude Oil: 642,000 barrels per day
Canadian Consumption:
(2013) 
  1.5 million barrels per day 
** includes conventional and non-conventional

Oil Sands

2012 Statistics

Capital Spending:

In situ, Mining and Upgrading:

$27.2 billion

Payments to the Province:

Provincial Royalties:

$3.7 billion

Reserves
(at 2013 Year-end):

Mining:

33 billion barrels

Insitu Bitumen:

134 billion barrels

Production:
(2013)

Mining:

926,000 barrels per day

In Situ:

1,015,000 barrels per day

Upgrader Capacity:

1,278,400 barrels per day

Industry Revenues:
(2012)

$49.0 billion

Natural Gas

Statistics

Reserves
(at 2012 Year-end):

Natural Gas:

71.8 trillion cubic feet

Production:
(2013)

Natural Gas:

14.1 billion cubic feet per day

Prices:

Natural Gas
– Nymex Henry Hub (US$/mmbtu):

– AECO (C$/mmbtu):

2013 - $3.75
2012 - $2.85

2013 - $3.10
2012 - $2.40

Exports:

Natural Gas:

7.95 billion cubic feet per day

Canadian Consumption:
(2012)
  7.9 billion cubic feet per day

 

World Energy Statistics

  • Global demand for energy is expected to rise by 33% by 2035 as economies in both developed and emerging countries continue to grow and the standard of living improves in the developing world. 1
  • According to the International Energy Agency, the world will need to invest $48 trillion in energy supplies from 2013 to 2035. 1
  • Meeting increased energy demand will require an increasingly diverse energy supply base - continuing reliance on conventional petroleum resources, unconventional hydrocarbons (oil sands, shale gas, natural gas from coal, etc), alternatives (solar, wind, nuclear, hydro, etc) -- as well as improved energy efficiency across all sectors of the economy. 2
  • "... fossil fuels continue to meet the bulk of the world's energy needs ..." 1

Canadian Oil & Gas Statistics (2013)

  • 1.38 million barrels per day of conventional oil production
  • 1.98 million barrels per day of oil sands production
  • 14.1 billion cubic feet per day of natural gas production
  • $69 billion in capital spending
  • $18 billion in taxes and royalties paid to governments per annum
  • Oil and gas industry currently supports 550,000 jobs across Canada
  • Oil sands are forecasted to create 790,000 new jobs by 2038 (Canadian Energy Research Institute - 2014)
  • Oil and gas industry current comprises about 20% of the Toronto Stock Exchange

Oil Sands CO2 Statistics

  • Oil sands industry contributes about 8.7% of Canada’s total GHG emissions
  • Oil sands industry accounts for just over 0.13% of global GHG emissions
  • Today oil sands fuel is around 9% more GHG intensive that the average crude oil consumed in the United States 3
  • On a well-to-wheel (lifecycle) basis 4 , the carbon intensity of oil sands-based fuels falls within the range of carbon intensities for other conventional crude-based fuels used in the United States 3
  • Emissions in 2012 were 61 megatonnes 5
  • Oil sands GHG emissions have declined 28 per cent per barrel from 1990 to 2012
  • Current Government of Alberta regulations require GHG emission reductions of 12% (from a year 2000 baseline average)

 

1 International Energy Agency, 2014

2 Intergovernmental Panel on Climate Change. www.ipcc.ch/pdf/presentations/poznan-COP-14/ralph-sims.pdf

3 IHS CERA, 2012

4 A well-to-wheel CO2e analysis calculates the total CO2e emissions from the production and distribution of the feedstock and the fuel, and from the use of the fuel in the vehicle.

5 Environment Canada

Facts

World rankings:

Canada is:
  • 5th largest natural gas producer
  • 5th largest crude oil producer
  • 5th largest energy producer

Industry's impact on the Canadian economy:

  • invested $74 billion in 2013
  • largest single private investor in Canada
  • 20% of value on Toronto Stock Exchange
  • employs 550,000 in Canada (direct & indirect)
  • payments to governments: $18 billion per year

Crude oil:

  • crude oil accounts for 40% of Canada's energy demand
  • crude oil accounts for 17% of Canada's merchandise exports
  • Canada is ranked third in the world in crude oil reserves, after Venezuela and Saudi Arabia

Natural gas:

  • natural gas accounts for approximately 30% of Canada's energy demand
  • Canada has enough natural gas resources between 700-1,300 trillion cubic feet to meet Canada's demand for the next 100+ years at current levels

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