Province to remove cap on crude oil production by year’s end
EDMONTON, AB – The Government of Alberta is lifting oil production limits by the end of this year.
The province says this will allow producers to utilize available pipeline capacity and create jobs.
While the government will extend its regulatory authority to curtail oil production through December 2021, it will not set production limits due to 16 percent of Alberta’s crude oil production remaining offline and down from 22 percent at the start of the pandemic.
As of now, the province does not plan to resume production limits.