Competitive Framework for Alaska: 2012

Alberta Oil Sands The most important competitor for heavy oils in North America is Alberta with the oil sand deposits which may well contain in excess of 500 billion barrels of recoverable oil. For Alberta oil sands, at 10 degrees API, government takes are in the range of 43% - 55% depending on the oil price. In order to compete the government take for ultra heavy oil in Alaska may has to be similar to Alberta. For heavy oil the terms could be between ultra heavy oil and new light oil production. 48

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