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NEB view of development potential and markets for heavy crude oil. [Canada]

Abstract

The phased reduction in total crude oil and equivalent exports, from 911 Mpbd in 1974 to 465 Mbpd in 1976, has no doubt had a disruptive effect on the rate of development of heavy crude oil reserves. The effect could have become more series as total exports continued to drop. However, the separate licensing of heavy crude oil for export will allow heavy crude oil to enter available markets until the early 1980s. The construction of one or several upgrading facilities by the early 1980s, combined with growing domestic requirements for heavy crude oil feedstock, could make the disposition of heavy oil largely independent of the purchasing patterns of export markets. The prospect of increased market stability combined with increasing cash flows should provide an appropriate environment to optimize the role that heavy oil resources can play in Canada's future energy balance. (12 refs.)
Publication Date:
Jan 01, 1977
Product Type:
Conference
Report Number:
CONF-7705181-
Reference Number:
EDB-83-056090
Resource Relation:
Journal Name: 28th Annu. Petrol. Soc. of Cim. Tech. Mtg.; (Canada); Conference: Canada-Venezuela oil sands symposium, Edmonton, Alberta, Canada, 30 May 1977
Subject:
02 PETROLEUM; 29 ENERGY PLANNING, POLICY AND ECONOMY; CANADA; PETROLEUM INDUSTRY; PETROLEUM; MARKET; SUPPLY AND DEMAND; EXPORTS; LICENSING; VISCOSITY; ENERGY SOURCES; FOSSIL FUELS; FUELS; INDUSTRY; NORTH AMERICA; 020700* - Petroleum- Economics, Industrial, & Business Aspects; 294002 - Energy Planning & Policy- Petroleum
OSTI ID:
6399674
Research Organizations:
Canadian Natl Energy Board
Country of Origin:
Canada
Language:
English
Submitting Site:
HEDB
Size:
Pages: 32
Announcement Date:

Citation Formats

Scotland, W A, and Gutek, A M.H. NEB view of development potential and markets for heavy crude oil. [Canada]. Canada: N. p., 1977. Web.
Scotland, W A, & Gutek, A M.H. NEB view of development potential and markets for heavy crude oil. [Canada]. Canada.
Scotland, W A, and Gutek, A M.H. 1977. "NEB view of development potential and markets for heavy crude oil. [Canada]." Canada.
@misc{etde_6399674,
title = {NEB view of development potential and markets for heavy crude oil. [Canada]}
author = {Scotland, W A, and Gutek, A M.H.}
abstractNote = {The phased reduction in total crude oil and equivalent exports, from 911 Mpbd in 1974 to 465 Mbpd in 1976, has no doubt had a disruptive effect on the rate of development of heavy crude oil reserves. The effect could have become more series as total exports continued to drop. However, the separate licensing of heavy crude oil for export will allow heavy crude oil to enter available markets until the early 1980s. The construction of one or several upgrading facilities by the early 1980s, combined with growing domestic requirements for heavy crude oil feedstock, could make the disposition of heavy oil largely independent of the purchasing patterns of export markets. The prospect of increased market stability combined with increasing cash flows should provide an appropriate environment to optimize the role that heavy oil resources can play in Canada's future energy balance. (12 refs.)}
journal = {28th Annu. Petrol. Soc. of Cim. Tech. Mtg.; (Canada)}
place = {Canada}
year = {1977}
month = {Jan}
}