Recap on 2012 and future expectations in the oils

Another year in the oil sands, another 309 thousand hectares of land sold; another 2,171 wells drilled; another 637 million barrels produced (1.7 million per day), 315 million of which were upgraded in Alberta; and another $19.9 billion invested.According to the Canadian Energy Research Institute (CERI), companies “brought back to life a greater number of projects in the past year than they cancelled or delayed in the ‘doom’ days of 2008 and 2009.” It was, in short, a year of growth. But it was also a year marked by a clear and central theme: access to markets.

The Energy Resources Conservation Board (ERCB) estimates that, by 2021, the oil sands will have ramped up production from those 1.7 million barrels per day (bpd) to 3.7 million bpd, with in situ production surpassing mining in 2015.

MCW growing with the market and will take it's place as the leader!