Although most of its natural gas reserves are from associated gas, Saudi Arabia is not likely to boost its gas production from these reserves because of OPEC crude oil production restraints. However, a 50 Tcf addition of non-associated reserves by 2016 through new discoveries was announced by the Petroleum Ministry and Saudi Aramco. $9-billion strategy is set for that project. (EIA)
Canadian production capacity is predicted to increase from 40 percent today, to approximately 80 percent by 2020. (NRC) This will pose a little challenge to Saudi Arabia. The EIA projects Canadian oil sands could produce 2.2 million barrels a day by 2025 compared with the current level of about 700,000 b/d, which already represents more than a fourth of total Canadian output of 3.1 million b/d. Canadian Industry sees more Oil Sands Potential. (EIA) The Canadian Association of Petroleum Producers estimates current projects will raise Alberta oil production to 1 million b/d this year, and steady development will elevate it up further to 1.8 million b/d by 2010. (Walsh)
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