Oil pumps next to Falher, AlbertaCanada proved oil reserves: conventional crude oil in red (data from OPEC) and total proved reserves including from oil sands in black (data from US Energy Information Administration)Conventional crude oil reserves in Canada (excludes condensate, natural gas liquids, and petroleum from oil sands).
Oil reserves in Canada were estimated at 172 billion barrels (27×10^9 m3) as of the start of 2015
. This figure includes the oil sands reserves that are estimated by government regulators to be economically producible at current prices using current technology.[1] According to this figure, Canada's reserves are third only to Venezuela and Saudi Arabia. Over 95% of these reserves are in the oil sands deposits in the province of Alberta.[2] Alberta contains nearly all of Canada's oil sands and much of its conventional oil reserves. The balance is concentrated in several other provinces and territories. Saskatchewan and offshore areas of Newfoundland in particular have substantial oil production and reserves.[3] Alberta has 39% of Canada's remaining conventional oil reserves, offshore Newfoundland 28% and Saskatchewan 27%, but if oil sands are included, Alberta's share is over 98%.[4]
^EIA (2015). "International Energy Statistics". Energy Information Administration of the U.S. Department of Energy. Retrieved 2015-03-10.
^EIA (2007). "Country Analysis Brief: Canada". U.S. Energy Information Administration. Retrieved 2007-10-07.
^
USask (2006). "Canadian frontier petroleum" (DOC). University of Saskatchewan. Retrieved 2006-12-04. {{cite journal}}: Cite journal requires |journal= (help)
^NEB (May 2008). "Canadian Energy Overview 2007". National Energy Board of Canada. Retrieved 2008-07-30.
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