<P> Oil reserves in Canada were estimated at 172 billion barrels ( 27 × 10 ^ m ) as of the start of 2015 . This figure includes the oil sands reserves that are estimated by government regulators to be economically producible at current prices using current technology . According to this figure , Canada 's reserves are third only to Venezuela and Saudi Arabia . Over 95 % of these reserves are in the oil sands deposits in the province of Alberta . Alberta contains nearly all of Canada 's oil sands and much of its conventional oil reserves . The balance is concentrated in several other provinces and territories . Saskatchewan and offshore areas of Newfoundland in particular have substantial oil production and reserves . Alberta has 39 % of Canada 's remaining conventional oil reserves , offshore Newfoundland 28 % and Saskatchewan 27 % , but if oil sands are included , Alberta 's share is over 98 % . </P>
<P> Oil reserves in Canada were estimated at 172 billion barrels ( 27 × 10 ^ m ) as of the start of 2015 . This figure includes the oil sands reserves that are estimated by government regulators to be economically producible at current prices using current technology . According to this figure , Canada 's reserves are third only to Venezuela and Saudi Arabia . Over 95 % of these reserves are in the oil sands deposits in the province of Alberta . Alberta contains nearly all of Canada 's oil sands and much of its conventional oil reserves . The balance is concentrated in several other provinces and territories . Saskatchewan and offshore areas of Newfoundland in particular have substantial oil production and reserves . Alberta has 39 % of Canada 's remaining conventional oil reserves , offshore Newfoundland 28 % and Saskatchewan 27 % , but if oil sands are included , Alberta 's share is over 98 % . </P>
where in canada are most of our oil / gas reserves
where in canada are most of our oil / gas reserves
oil sands deposits in the province of Alberta
oil sands deposits in the province of Alberta