Canadian Oil Sands Navigator
Canada’s oil sands is the third largest deposit of oil on earth, with reserves of approximately 174 billion barrels and potential resources of up to 1.8 trillion barrels. Of Canada’s three major oil sands deposits – Athabasca, Cold Lake, and Peace River – the Athabasca region is the richest, containing over 80 percent of the original oil in place.
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Oil sands or tar sands?
Tar sands was coined in the early years of the industry and was used to describe the oil sands deposits found in northern Alberta. It is also a term associated with distilled or man-made products such as road-paving mixtures.
Oil sands is now more commonly used, and is a more accurate term, since bitumen, a heavy petroleum product, is mixed with the sand, and oil is what is derived from the bitumen.