The oil-sand companies operating in northern Alberta are trying to restart production after the fire of Fort McMurray. The market is not anticipating a shortage of more than one or two million barrels of oil a day due to sudden failure of supply.
Some of the manufactures could begin their production process within one or two days. They face many difficulties in restarting the production process because they had to stop production due to evacuation of the workers.
Royal Dutch Shell PLC has partly resumed its production. Before the fire of Ft. McMurray, it had the ability to produce 255,000 barrels of oil per day. Due to the fire, a large section of Canada’s oil production will be offline because there are issues with electrical and technical services. Mr. Williams, a spokesperson for Royal Dutch Shell, said that they believe that these electrical issues can be solved in a short period of time. Suncor Oil also said that they are restoring their basic production quickly after being totally shut down after the fire.
The Ft. McMurray fire displaced more than 80,000 people and destroyed more than 20% of the town. People are not yet being allowed back to assess the damage to their home because of gas, electricity water and sewer services have not been restored. The will have to wait in temporary housing in cities and communities south of Ft. McMurray. As well, many evacuees are making arrangements to stay with relatives throughout cities in other provinces.