The vast majority of proved reserves in Canada is held in the form of oil sands. As of the end of 2022, there were proved reserves of some 127 billion barrels in the form of in situ oil sands. Conventional crude reserves were found to be less than five billion barrels.
Proved reserves of crude oil in Canada as of 2022, by type
(in billion barrels)
Characteristic
Reserves in billion barrels
Oil sands (in situ)
127.1
Oil sands (mining)
31.8
Conventional*
4.4
0102030405060708090100110120130140
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* Including proved reserves of pentanes plus. Adapted from Statistics Canada, NRCan - Energy Fact Book 2024-2025, page 108, End of 2022. This does not constitute an endorsement by Statistics Canada of this product.
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NRCan. (September 23, 2024). Proved reserves of crude oil in Canada as of 2022, by type (in billion barrels) [Graph]. In Statista. Retrieved May 12, 2025, from https://www.statista.com/statistics/973765/canadian-oil-reserves-by-type/
NRCan. "Proved reserves of crude oil in Canada as of 2022, by type (in billion barrels)." Chart. September 23, 2024. Statista. Accessed May 12, 2025. https://www.statista.com/statistics/973765/canadian-oil-reserves-by-type/
NRCan. (2024). Proved reserves of crude oil in Canada as of 2022, by type (in billion barrels). Statista. Statista Inc.. Accessed: May 12, 2025. https://www.statista.com/statistics/973765/canadian-oil-reserves-by-type/
NRCan. "Proved Reserves of Crude Oil in Canada as of 2022, by Type (in Billion Barrels)." Statista, Statista Inc., 23 Sep 2024, https://www.statista.com/statistics/973765/canadian-oil-reserves-by-type/
NRCan, Proved reserves of crude oil in Canada as of 2022, by type (in billion barrels) Statista, https://www.statista.com/statistics/973765/canadian-oil-reserves-by-type/ (last visited May 12, 2025)
Proved reserves of crude oil in Canada as of 2022, by type (in billion barrels) [Graph], NRCan, September 23, 2024. [Online]. Available: https://www.statista.com/statistics/973765/canadian-oil-reserves-by-type/
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