2021 and Probable Reserves - Energy Aggregated

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2021

Probable Reserves

How Canada’s oil sands transformed into one of North America’s lowest-cost plays

Oil & Gas 360º

JULY 16, 2025

At Kearl, for example, Imperial has reduced expenses related to turnarounds — an industry term for the costly periods of required maintenance that often involve temporarily shutting down production — by CDN$100 million annually since 2021. billion after paying down a combined total of almost C$22 billion in debt between 2021 and 2024.

Oil

Oil Exploration and Production E&P Barrel

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Oil and Gas Investments

APRIL 22, 2025

The lack of capital has had a direct impact on reserves.Proven and probable reserves at major gold miners have been in decline for years. That became C$800 million by December 2021, C$920M in June 2022, and C$980M by early 2023. La Colorada has more (368koz of probable reserves), but any expansion will require more discoveries.

Probable Reserves

Probable Reserves Exploration and Production IT Casing

How Canada’s oil sands transformed into one of North America’s lowest-cost plays

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