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del.icio.us| COMMENTARY |
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George Ardies 31st May 2005 |
Here are some of the figures for 2004: 2004 Industry Statistics Please note: these numbers are estimates except where otherwise stated. Capital Spending: Conventional $25.2 billion Oil Sands $5.8 billion Total $31.0 billion Wells Drilled Oil: 4,700 Natural Gas: 16,000 Total (including Dry & Service): 23,920 Reserves at Year End: Conventional Oil: * Surface Mining (Integrated Synthetic): * In-situ bitumen: * Natural Gas: * Production: Conventional Oil: 1,409,000 barrels per day Surface Mining – Integrated Synthetic: 465,000 barrels per day In-situ bitumen: 532,000 barrels per day Pentanes plus/condensate: 163,000 barrels per day Crude oil & equivalent: 2,569,000 barrels per day Natural Gas: 17.4 billion cubic feet per day Prices: Crude Oil: WTI @ Cushing on Nymex: $41.40 (US$/bbl) (actual) Natural Gas – Nymex Henry Hub $6.09 (US$/mmbtu) (actual) Industry Revenues: Oil, Gas & By-products $83.0 billion Payments to Governments: Royalties, Bonuses, Fees & Income Taxes $18 billion Employment: Direct and Indirect 365,000 Total Employment Impact 500,000 Exports: Crude Oil: 1,611,000 barrels per day (actual) Natural Gas: 9.7 billion cubic feet per day (actual) Imports: Crude Oil: 963,000 barrels per day Consumption: Crude Oil & Products: 1,750,000 barrels per day Natural Gas: 7.4 billion cubic feet per day Refineries: Number: 20 Capacity: 1,960,000 barrels per day * is not yet available for 2004. For the 2003 version of these figures, view the Canadian data for the past eight years. Hope this helps. George Ardies |
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Ian Graham Staff Editor 31st May 2005 |
In response to Mohan Reddy, Canada is ninth in the world in oil production, producing 2,880,000 barrels of oil per day, and has the 11th–biggest natural gas reserves in the world, with 59.7 trillion cubic feet. Canada’s oil consumption is 8th-highest in the world, at 2 million barrels per day, while its natural gas consumption is fifth, at 3.2 trillion cubic feet per year. Canada is the second-biggest net consumer of energy per person behind the United States, with each Canadian consuming the equivalent of more than 8 tons of oil per year. |
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