As Crude Oil Prices and the Global Oil Demand Continue To Rise, the North American Oil Sands Market Has the Potential to Experience Remarkable Growth over the Years to Come.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c55177) announces the addition of Frost & Sullivan's new report North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Oil Sands Markets Assessment to their offering. This Frost & Sullivan research titled North American Oil Sands Market Assessment provides an overview of oil sands market scenario in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Canada and discusses drivers, restraints, and current trends that are impacting the growth of this market. This study also gives background information regarding the development of oil sands technology as well as insight into the growing oil sands market in the recent past and how it is likely to change in the forthcoming years. Market Sectors Expert Frost & Sullivan analysts thoroughly examine the following market sector in this research: - North American oil sands Technologies The following technologies are covered in this research: - Extraction and upgrading - Integrated mining or upgraded plants - In situ In place. When something is "in situ," it is in its original location. recovery - Cyclic steam stimulation - Steam-assisted gravity drainage (SAGD SAGD Steam-Assisted Gravity Drainage (oil extraction process) SAGD Security Architecture Guidance and Directions ) - Pressure cycle steam drive Market Overview Oil Sands: A Solution to the Energy Crisis and an Alternative to the Dependence on Foreign Oil Recent technological developments, which have considerably reduced the extraction and upgrading costs of bitumen bitumen (bĭty  `mən) a generic term referring to flammable, brown or black mixtures of tarlike hydrocarbons, derived naturally or by distillation from petroleum. , coupled with high crude
oil prices, have made oil sands an attractive proposition for oil
companies. "With the conventional deposits of crude oil depleting
at a rapid pace, the need for discovering and exploring alternative
reserves has become imperative," notes the analyst of this research
service. "Moreover, as the need for transportation fuels is
increasing, the value of oil sands as petroleum resources is gaining
more significance as they provide a highly viable solution to this
looming energy crisis."
Oil sands in North America are predominantly found in Canada and in a few regions of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. in small quantities. The Alberta province of Canada For other uses, see Provinces and territories of Canada and Ecclesiastical Province of Canada. The Province of Canada or the United Province of Canada was a in North America from 1841 to 1867. has more than 95 percent of the world's oil sands reserves. It has been found that the total amount of bitumen is more than 1.6 trillion barrels, with over 178 billion barrels recoverable by using existing technology. As crude oil prices and the global oil demand continue to rise, the North American oil sands market has the potential to experience remarkable growth over the years to come. Participants Must Take Hold of the Available Opportunities to Tackle Oil Sand Development Issues Although high oil prices, international recognition, geopolitical ge·o·pol·i·tics n. (used with a sing. verb) 1. The study of the relationship among politics and geography, demography, and economics, especially with respect to the foreign policy of a nation. 2. a. concerns, global growth in oil demand, size of the resource base and proximity to the large U.S. market, and other potential markets encourage development, there are issues and uncertainties associated with the development of oil sands. Natural gas costs, the high light/heavy oil price differential, management of air emissions and water usage, insufficient labor, infrastructure, and services are concerns that could potentially inhibit the development of the resource. "Participants must focus on reducing reliance on natural gas by developing breakthrough mining technology, attracting trained labor force, and controlling capital cost by improving project and materials management Materials management is the branch of logistics that deals with the tangible components of a supply chain. Specifically, this covers the acquisition of spare parts and replacements, quality control of purchasing and ordering such parts, and the standards involved in ordering, to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the immense opportunity presented by this emerging market," states the analyst. "Apart from this, they can also benefit from reducing environmental impacts, tailoring bitumen production to meet refinery standards and increasing existing pipeline capacity in order to foray into Verb 1. foray into - enter someone else's territory and take spoils; "The pirates raided the coastal villages regularly" raid encroach upon, intrude on, obtrude upon, invade - to intrude upon, infringe, encroach on, violate; "This new colleague invades my new markets." Content Outline: 1. Market Overview 2. Technology Trends 3. Market Trends in Oil Sands Production 4. Oil Sands Development Initiatives 5. Conclusion List of Figures Chapter 3 Oil Sands Market Assessment: Market Drivers Ranked in Order of Impact (North America), 2007-2013 Oil Sands Market Assessment: Market Restraints Ranked in Order of Impact (North America), 2007-2013 For more information visit http://www.researchandmarkets.com/reports/c55177 |
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