Possible challenges

Nevertheless, our evolution to different lines it is calculate at least in 5 years but the expansion would be humongous. Production from the Alberta oil sands is still in its early stages and the province's established bitumen resources will last for generations into the future. The Alberta Energy Regulator estimates that the province has 50 billion cubic metres (310,000 MMbbl) of ultimately recoverable bitumen resources. At the 2014 production rate of 366,300 cubic metres per day (2.3 Mbbl/d), they would last for about 375 years. The AER projects that bitumen production will increase to 641,800 cubic metres per day (4.0 Mbbl/d) by 2024, but at that rate they would still last for about 213 years. Because of the enormous size of the known oil sands deposits, economic, labor, environmental, and government policy considerations are the constraints on production rather than finding new deposits.

In addition, the Alberta Energy Regulator has recently identified over 67 billion cubic metres (420 Gbbl) of unconventional shale oil resources in the province. This volume is larger than the province's oil sands resources, and if developed would give Canada the largest crude oil reserves in the world. However, due to the recent nature of the discoveries there are not yet any plans to develop them. Being said this the projection is in 10 years to consolidate our company like the first option for oil conventional drill problems and a good competition for any company with this core business.