Total combined investment in the oil and gas sector is now approaching $500 billion, fuelling economic diversification, growing the value chain, securing a wealthy and sophisticated resident population, and expanding the demand for local goods and services.
Oil sands production and population projections
Over the next two decades, we have over $500 billion in combined oil sands investment.
Oil sands investment, capital and operational expenditure
In Wood Buffalo, our operational expenditures are expected to grow from $7.4 billion to $23.1 billion in 2030…This equates to nearly 7 million barrels per day.
Oils sands capacity (bpd) by status, 2011
GDP impact of oil sands investment and operations is estimated to be over $1.9 trillion in Alberta alone.