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Publisher-reported update

2017-01-26

Canada has significant proven reserves of crude oil (178 billion barrels), second only to those of Saudi Arabia. Canadian natural gas reserves were 58 trillion cubic feet as of year-end 2006. These resources are found in the country’s seven major sedimentary basins. The primary petroleum-producing sedimentary basin is the Western Canada Sedimentary Basin (WCSB), which extends from the Canadian Shield to the Rocky Mountains through Manitoba, Saskatchewan, Alberta and northeastern British Columbia. There are also producing basins in southern Ontario, offshore Newfoundland, and the Scotian Shelf. Potential reserves are also found in Northern Canada, where an estimated 30 per cent of Canada’s conventional oil resources are located. The map shows the major petroleum-producing fields (or pools) of conventional natural gas, crude oil and the oil sands, as well as the extensive pipeline network.

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