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The petroleum industry in Canada is also referred to as the "Canadian Oil Patch"; the term refers especially to upstream operations (exploration and production of oil and gas), and to a lesser degree to downstream operations (refining, distribution, and selling of oil and gas products). In 2005, almost 25,000 new oil wells were spudded (drilled ...
Early origins. In his blog entitled "Canadian Oil and Gas: The First 100 Years", Peter McKenzie-Brown said that the "early uses of petroleum go back thousands of years.But while people have known about and used petroleum for centuries, Charles Nelson Tripp was the first Canadian to recover the substance for commercial use.
History of the petroleum industry. One of the early generations of oil drilling infrastructure. Picture from the Athabasca River, Alberta, Canada in 1898. While the local use of oil goes back many centuries, the modern petroleum industry along with its outputs and modern applications are of a recent origin. Petroleum's status as a key component ...
The resources were so huge that experimentation began at about the same time as drilling for conventional petroleum in western Canada. Although the promise of the oil sands deposits has been clear for more than a century, oil production from the Suncor and Syncrude oil sands plants did not become profitable until well after the 1979 energy crisis .
The Albertan petroleum industry has had massive, social, economical, political, cultural, and demographic influences on the province of Alberta during the 20th century and 21st century, especially during the second half of the 20th century. Oil and gas replaced Agriculture, and ranching as the primary industry and resulted in the province ...
Today's oil and gas frontiers are in the territories and in the offshore regions of Atlantic Canada and British Columbia. Canada's early petroleum discoveries took place near population centres or along lines of penetration into the frontier. The first oil play, for example, was in southern Ontario.
The Athabasca oil sands, also known as the Athabasca tar sands, are large deposits of bitumen, a heavy and viscous form of petroleum, located in northeastern Alberta, Canada. These reserves are one of the largest sources of unconventional oil in the world, making Canada a significant player in the global energy market. [3]
By 2013, Suncor and CNRL—Canada's two largest petroleum companies were also among top eleven of the country's most valuable companies. [13] In 2011, Canadian Natural Resources, overtook Suncor to become Canada's largest producer. Suncor produced 549,000 boe/d in 2012 only slightly higher than in 2011. [14]