An assessment of the unconventional petroleum resources of the Bluefish Shale and the Canol Shale in the Northwest Territories .: NE4-2/16-2015E-PDF

"The volume of oil-in-place for the Bluefish Shale and the Canol Shale of the Northwest Territories’ Mackenzie Plain has been evaluated for the first time by the National Energy Board and the Northwest Territories Geological Survey. The thick and geographically extensive Canol Shale is expected to contain 145 billion barrels of oil-in-place. The much thinner Bluefish Shale is expected to contain 46 billion barrels of oil-in-place. The amount of marketable (i.e., recoverable) oil was not estimated because well-test results are not yet publicly available and there is still uncertainty about whether these shales are capable of production. However, if only one percent of the in-place resource could be recovered from the Canol Shale, it would represent a marketable resource of 1.45 billion barrels. Based on the limited geological data available, the analysis assumes that both shales are saturated with oil throughout the study area”--Executive summary, p. 2.

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