Saturday, May 28, 2011

Breif History of Canadian Oil Industry

1858: James Miller Williams made the first major oil discovery in Canada at Oil Springs, Ontario. Williams is commonly known as the founding father of the Canadian oil industry.

1908: The Bow Island gas field (Old Glory well) in Alberta was the first major discovery in Alberta’s imporatant commercial oil and gas exploration.

1914: Arthur Dingman found the Dingman wet gas in the Turner Valley in Alberta on May 14th.

1920: Dr. Karl Clark of the Alberta Research Council developed the hot water process to produce synthetic oil from strip mined bitumen (or the oil sands). This process is still currently employed. In the same year, the Ted Link, the most Nothernly oil discovery was also made.

1947: On February 13th, Imperial Oil finally struck oil in Leduc after drilling 133 dry holes. This major discovery transformed Canada from oil-poor to oil-rich country overnight.

1950s: The inter-provovinial oil pipeline (noe Embridge Inc.) was built from Alberta to Ontario. This is the world’s largest crude oil pipeline network.

1967: The first ommercially successful large-scale oilsands plant began operating near Fort McMurry using Dr. Clark’s method.

1979: The first flow of oil was produced on drillstem test from Hibernia P-15 on September 19th. It found two reserves of around 3 billion barrels of oil. Production started in 1997.

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