Government of Alberta to up oil production limits
The Government of Alberta announced Monday afternoon that it is increasing oil production limits.
Limits are based on monitoring a number of indicators and recognizing that less diluent is needed in warmer weather for bitument to flow in pipelines, meaning more capacity, according to a release.
Starting in May, limits will increase by 25,000 barrels a day, then another 25,000 in June. The increases will bring the total barrels allowed per day to 3.71 million.
“As we increase production, we’re providing even more certainty for producers who have been working with us to protect the jobs and livelihoods of thousands of Alberta families and businesses,” says Premier Rachel Notley.