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 2.8 Million barrels per day in 2017 to 3.9 Million barrels per day in 2027.*
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.
Innovative EnergyTechnologies Program (IETP)encourages development in oil, gas and oil sands areas.
Want to learn more? Get the facts on oil sands.*Source: AER
ST:982018 Alberta’s Energy Reserves and Supply/Demand Outlook
Government of Alberta
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