Canada has the third-largest oil reserves in the world. The oil sands are a powerful source of Canadian energy. Moving us. Heating us. Creating jobs. Helping pay for public services.
With 171 billion barrels of oil that can be recovered economically with today’s technology, 165 billion barrels, or 97 per cent of Canada’s oil reserves are located in the oil sands. (Source: AER, 2017 and Oil and Gas Journal, 2017)
Oil sands are a natural mixture of sand, water and bitumen (oil that is too heavy or thick to flow on its own). The oil sands are found in three regions within the provinces of Alberta and Saskatchewan: Athabasca, Cold Lake and Peace River, which combined cover an area more than 142,000 square kilometres. The oil sands are located at the surface near Fort McMurray, but deeper underground in other regions. The active mining footprint is only 953 square kilometres.
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