Alberta's oil sands are the third-largest proven crude oil reserve in the world, next to Saudi Arabia and Venezuela.
Through responsible development, advancement of technology and significant investment, the Government of Alberta seeks to enhance Alberta's role as a world-leading energy supplier.
Oil sands production is expected to increase from 2.3 million barrels per day in 2014 to 4 million barrels per day in 2024, keeping pace with demand, providing jobs to Canadians, and creating a sound economic basis for the future.
Alberta Energy manages oil sands royalty and tenure regulations, as well as Crown and individual agreements to ensure that royalties and rentals are calculated and collected for the benefit of the people of Alberta. These royalties help pay for everyday services that Albertan’s enjoy, like healthcare and education.