Quick Facts

Canada has about 179 billion barrels of oil reserves comprising 4.7 billion barrels of conventional oil, 12 billion barrels of oil sands under “active development” and 162 billion barrels of oil sands that are “economically and technologically feasible” to produce.

The total ultimate potential from the Alberta oilsands is more than 315 billion barrels.

Alberta has more than 175 billion barrels of remaining established oil sands.

Figure 3 - World Oil Production