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Energy Return on Investment of Canadian Oil Sands Extraction from 2009 to 2015

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  • Ke Wang

    (School of Business Administration, China University of Petroleum (Beijing), Beijing 102249, China
    Haskayne School of Business, University of Calgary, Calgary, AB T2N1N4, Canada)

  • Harrie Vredenburg

    (Haskayne School of Business, University of Calgary, Calgary, AB T2N1N4, Canada)

  • Jianliang Wang

    (School of Business Administration, China University of Petroleum (Beijing), Beijing 102249, China)

  • Yi Xiong

    (School of Business Administration, China University of Petroleum (Beijing), Beijing 102249, China)

  • Lianyong Feng

    (School of Business Administration, China University of Petroleum (Beijing), Beijing 102249, China)

Abstract

Oil sands, as unconventional oil, are so essential to both Canada and the world that special attention should be paid to their extraction status, especially their energy efficiency. One of the most commonly used methods to evaluate energy efficiency is the Energy Return on Investment (EROI) analysis. This paper focuses on EROI analysis for both in situ oil sands and mining oil sands over the period of 2009 to 2015. This time period represents an extension to periods previously considered by other analyses. An extended Input-Output model is used to quantify indirect energy input, which has been ignored by previous analyses of oil sands extraction. Results of this paper show that EROI of both mining oil sands (range of value: 3.9–8) and in situ oil sands (range of value: 3.2–5.4) display an upward trend over the past 7 years; EROI of mining oil sands is generally higher, but is more fluctuating than the EROI of in situ oil sands. Compared with EROI of other hydrocarbons, the EROI of oil sands is still quite low, despite the fact that it is increasing gradually.

Suggested Citation

  • Ke Wang & Harrie Vredenburg & Jianliang Wang & Yi Xiong & Lianyong Feng, 2017. "Energy Return on Investment of Canadian Oil Sands Extraction from 2009 to 2015," Energies, MDPI, vol. 10(5), pages 1-13, May.
    • Handle: RePEc:gam:jeners:v:10:y:2017:i:5:p:614-:d:97365
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    References listed on IDEAS

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    Cited by:

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