Canadian Oil Sands Production to See $100 Billion Boom Over Next Ten Years

SUGAR LAND--November 7, 2013--Researched by Industrial Info Resources (Sugar Land, Texas)--Investment in Canadian oil sands production over the next 10 years is expected to eclipse $100 billion between 2013 and 2020. This figure does not include infrastructure, such as the pipelines, storage terminals or refining facilities, which will be required to transport the product & diluent to upgrade the bitumen to certain refining specs, or store the bitumen and associated products required to support production. The supporting infrastructure will add many tens of billions of dollars to the cost of bringing this resource to markets in the U.S., as well as the Pacific Rim.

Other companies featured: Imperial Oil Limited (NYSE:IMO), Statoil Hydro (NYSE:STO), Cenovus Energy (NYSE:CVE) and Total SA (NYSE:TOT), MEG Energy (TSX:MEG), Husky Energy (TSX:HSE)