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North American oil sands market worth $25.8 billion in 2013

LONDON -- Visiongain' s analysis indicates that the North American oil sands market will reach $25.8bn in 2013. The development of unconventional oil resources has grown significantly throughout North America due to sustained oil demand and political will for greater energy security. Oil sands have been a considerable contributor to this development and with estimated resources of between 169-174 billion barrels could significantly shape the future of global oil supply. The North American Oil Sands Market 2013-2023 studies these opportunities critically outlining the current status and potential of the market with a ten year forecast.

The lead analyst of the North American oil sands market report commented that "Growth of the oil sands industry depends on a number of factors; a high oil price and the capacity to export oil out of Alberta being the most critical. Currently many mining and in situ projects have already received approval from Canadian authorities but will be looking to ensure sufficient export capacity before they actually implement their investment decisions. Potential new export capacity to the US and the West and East Coasts of Canada will be pivotal to future development"
The report contains 143 tables, charts and graphs that add visual analysis and portray the oil sand industry projects and production capacities over the next ten years. Visiongain provides national market forecasts for Canada and the US over the period 2013-2023 in terms of capital expenditure value (US$). In addition, the three submarkets of mining, in-situ and upgrading are forecasted and analysed by Visiongain over the period 2013-2023. Details of past, current and planned oil sand projects are outlined and potential oil pipeline developments that will affect the future growth of the oil sand market are also identified and analysed.

The report provides profiles of 20 leading oil sand producer companies along with other smaller players in the market. In addition, this report includes 2 interviews with principal oil sand industry experts, offering insight alongside Visiongain analysis. The North American Oil Sands Market 2013-2023 will be of value to current and future potential investors in this industry, as well as companies and research centers who wish to broaden their knowledge of the oil and gas industry in the North American energy market.

02/14/2013

 

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