Thermal Lifts Saskatchewan Heavy Oil Output; EOR Brightens Cold Heavy Oil Outlook

Share This Post

While investment in new Alberta oilsands megaprojects has stalled, heavy oil activity in Saskatchewan is proceeding apace, albeit on a much smaller scale.

Saskatchewan’s total thermal oil production, for example, is roughly 100,000 bbls a day. In the Alberta oilsands, a single project can be that size.

But size increases capital risk. And at a time of oil price uncertainty and political/regulatory uncertainty, megaprojects are riskier because of long lead times and multibillion-dollar price tags.


Download PDF

Subscribe To Our Newsletter

Sign up receive important news and announcements from Svante

More to explore

Contact our Media Team

Thank you for your message.

Our team will reach out to you within 2 business days.