Alberta's production of 18.3 million cubic metres in March was up 12.8% from the same month a year earlier

Please follow and like us:
onpost_follow

Mario ToneguzziCanada produced a record 22.5 million cubic metres (141.8 million barrels) of crude oil and equivalent products in March, surpassing the previous high of 22.4 million cubic metres (141.1 million barrels) in December 2017, says Statistics Canada.

The federal agency said on Tuesday that production in March of crude oil and equivalent products was up 10.7 per cent from the same month a year earlier, as most facilities were operating near full capacity.

Production of non-upgraded crude bitumen (+10.7 per cent), synthetic crude (+14.3 per cent), light and medium crude (+8.7 per cent) and equivalent products (+24.4 per cent) was up compared with 12 months earlier. Meanwhile, heavy crude oil production was down 3.3 per cent, it said.

“Crude oil production (excluding equivalent products) totalled 20.7 million cubic metres in March, up 9.7 per cent from the same month a year earlier. Oil sands extraction (formerly non-conventional oil extraction), which consists of non-upgraded crude bitumen and synthetic crude oil, increased 12.1 per cent year over year to 14.3 million cubic metres. Oil extraction (formerly conventional oil extraction) of light, medium and heavy crude oils rose 4.7 per cent to 6.4 million cubic metres,” added StatsCan.

It said Alberta produced 18.3 million cubic metres of crude oil and equivalent products in March, up 12.8 per cent from the same month a year earlier. Alberta (81.2 per cent), Saskatchewan (10.9 per cent) and Newfoundland and Labrador (5.4 per cent) accounted for the vast majority of Canadian production of crude oil and equivalent products.

Respected business writer Mario Toneguzzi is a veteran Calgary-based journalist who worked for 35 years for the Calgary Herald in various capacities, including 12 years as a senior business writer.


The views, opinions and positions expressed by columnists and contributors are the author’s alone. They do not inherently or expressly reflect the views, opinions and/or positions of our publication.

You must be logged in to post a comment Login