Wood Buffalo Economic Development

Oil Sands

  • 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
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
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
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.