How Canada’s oil sands transformed into one of North America’s lowest-cost plays
Oil & Gas 360º
JULY 16, 2025
Canadian Natural Resources , for example, at the end of 2024 had proved and probable reserves amounting to 20.1 billion barrels of oil equivalent in its portfolio, giving its oil sands mining and upgrading assets a remaining reserve lifespan of 43 years. The company’s Horizon oil sands mine has been producing since 2009.
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