High Crude Price A Blessing in Disguise for Oil Sands Projects in Canada

High Crude Price A Blessing in Disguise for Oil Sands Projects in Canada

Summary

Oil sands are deposit mixtures of bitumen, silica sand, clay minerals, and water. Bitumen, an extremely heavy crude oil is a tar-like mixture of hydrocarbons, whose density is greater than 960 Kg/m3. It is extracted to yield oil sands either by surface mining or in-situ technologies such as cyclic steam stimulation, steam assisted gravity drainage, or hybrid steam assisted gravity drainage. The extracted oil sand is heavy and gelatinous and will have to be heated or diluted with lighter hydrocarbons. The treatment and up gradation is essential before it can be used as a crude oil feedstock in refineries.

Scope

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