Major projects

As of March 31, 2011 there were 92 projects proposed, planned, under construction or recently completed in the Wood Buffalo region.  One half of these are Oil Sands developments, and another 25% are Infrastructure projects.

The total value for the projects in the Wood Buffalo region was $94.5 billion, as of March 31, 2011.  About 95% of the projects’ value is attributable to Oil Sands projects being developed by 33 different companies/consortia.

Due to the economic slowdown, several Wood Buffalo projects were put on hold. At the end of March 2011 there were eight Oil Sands projects on hold totaling $1.5 billion, down from the 11 Oil Sands projects valued at $37.8 billion that were on hold at the end of March 2010.

Please Note: 2010 and 2011 cannot be compared because some projects are carried over several years and there is only one cost available for the entire project.

Date Updated:
RDP-2388