The Vancouver Sun
Canadian crude production to rise 23% by 2016

Wednesday, January 25, 2012

Canadian oil production will increase by 23 per cent within four years, increasing pressure on outlets to markets south of the border, according to Colorado-based Bentek Energy.

Canadian crude production is expected to rise by 763,000 barrels per day by the end of 2016, the energy markets analytics firm said in a report Tuesday.

Much of the increase will be driven by oilsands projects ramping up and by conventional crude plays gaining momentum through technologies such as horizontal drilling and multi-stage fracturing, Bentek said.