How to learn more about developing oil sands development

How to learn more about developing oil sands development

Developing oil sands deposits is a highly controversial industry in many parts of the world, with a range of environmental concerns raised about the impacts of oil sands mining and processing.

But with some of the best-known players in the industry set to sign on to the project, it’s worth knowing the key facts about the oil sands.

1.

Oil sands production is the largest single source of global carbon emissions, with more than 70 per cent of the global total.

2.

The oil sands contain up to 25 per cent more carbon than traditional fossil fuels, but only about two per cent is stored in the ground, meaning there is much more to be extracted.

3.

Oil companies have long been wary of using fossil fuels in their operations.

They’ve warned that using fossil fuel to heat their facilities will harm the environment.

4.

There are currently around 15 oil sands mines operating in the world.

The industry has a long history of oil production, but the technology is in its infancy.

5.

There’s been a surge in the number of companies in the oil sand industry.

More than 20 companies have already signed up for the project in Australia.

6.

The project is expected to create 2,000 jobs in the state.

7.

The state government is investing around $1 billion into the project.

8.

The $2 billion Queensland government has committed to investing $2.5 billion.

9.

Queensland has already committed to creating at least 2,500 jobs through the project and the Federal Government will commit $1.2 billion to create more.

10.

The federal government will also provide $3 billion in concessional loans to the Queensland government to help with the project’s infrastructure needs.

11.

The Queensland Government has already announced a $5.5 million public-private partnership (PPP) with the oil company Petrobras.

The consortium has already been granted $2 million from the Queensland Government for the Queensland Basin Expansion Program.

12.

Queensland Premier Annastacia Palaszczuk said it was “absolutely imperative” that oil sands were developed in Queensland.

She said the state would “go further than any other country in the country” to help create jobs and “to create a stronger economy”.

13.

There will be two types of oil shale in Queensland: sand and shale.

The sand will be produced in the north Queensland and the shale will be mined in the south Queensland.

14.

The two types will both produce approximately the same amount of oil, but are different.

The amount of shale oil in the Queensland project is likely to be more than twice the amount of sand oil in Alberta.

15.

The world’s largest oil sands deposit in North Queensland is called the Koyukwabura field.

It’s estimated that the total area of the field is 3,000 square kilometres.

16.

The Koyuwaburi field is the biggest single source for the global carbon emission of oil and gas.

Source: Petrobrálica Brasileira de Petrobracia, via ABC News.

17.

The largest oil shale deposit in the United States is called Marcellus Shale.

The size of the Marcelli Shale is around 1,100 square kilometres, and the world’s biggest oil shale project is in the Bakken oil field of North Dakota.

18.

The Marcelluas field is considered the largest in the Western Hemisphere.

The total area is around 4,500 square kilometres and the Marcells shale is estimated to be about 500 square kilometres deep.

19.

The biggest oil field in the US is the Bakrough field in North Dakota, and it’s estimated the total volume of gas that the Bakridge field produces is around 400 million cubic metres.

20.

The US Department of Energy estimates that the North Dakota Bakrough gas field contains over 20 million cubic meters of gas, and North Dakota has an estimated gas export capacity of around 12 million cubic kilometres.

21.

There is currently about one million cubic tonnes of natural gas that’s been produced in North America.

In 2016, North Dakota produced over 14 billion cubic metres of gas.

22.

The United States has more than 80 billion barrels of natural oil and nearly 90 trillion cubic metres in reserves.

23.

The Canadian tar sands are also considered to be among the most productive deposits in North American oil and are believed to be the second largest producer of crude oil after the Bakshars.

24.

Tar sands are produced from a combination of sand, shale and bitumen.

Source : International Energy Agency, Energy Information Administration, Energy Resources Research Institute.

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