As debate continues to rage over pipelines for Alberta’s oil, this report analyzes how the oil sands industry, in the early years of the mature phase of its business lifecycle, is producing more bitumen with less capital and fewer jobs.
“Since the 2014 oil price crash, advancements in extractive technologies and modular facility design have enabled leading oil sands producers to increase production with less capital and fewer workers,” says Ian Hussey, author of the report.
The report analyzes trends in Canadian oil production, oil and gas employment, capital spending, operational spending, labour productivity, and advancements in extractive technologies and modular facility design. Learn more.
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