Canadian heavy oil production is centered in the greater Lloyminster region covering both sides of the Alberta-Saskatchewan border where companies enjoy year round access. The oil is extracted from multiple-zone formations at shallow drill depth of 400-700 meters. To date, only 6.5% has been recovered from the 32 billion barrels of initial petroleum in place.
Oil produced from the greater Lloydminster fields falls in the heavy oil category as it has API gravity between 10° and 22°. It’s called heavy because it does not flow easily; it’s a gooey type of crude. The API gravity measures how heavy or light … Continue Reading