• Government budget, revenues from bitumen are projected to account for almost half of Alberta’s total resource revenues for 2011/2012. The Government is anticipating bitumen production approximating 1.9 billion bpd, which will equate to royalty revenues of $4.1 billion of the total $8.3 billion in expected total resource revenue in the upcoming year.
  • The Alberta Government and Enhance Energy have agreed to establish the first carbon capture and storage (CCS) facility in the province, which is expected to capture approximately 3,000 tonnes of carbon dioxide per day, to be transported to the Tees oilfield through the Alberta Carbon Trunk Line, a 240 km pipeline being constructed by Enhance. As the world’s largest CCS project, it is expected to be able to store 14.6 million tonnes of carbon dioxide per year at capacity.