<Tr> <Td> <Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> </Td> </Tr> <Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> <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> Canada has a highly sophisticated energy industry and is both an importer and exporter of oil and refined products . In 2006, in addition to producing 1.2 billion barrels (190 × 10 ^ m), Canada imported 440 million barrels (70 × 10 ^ m), consumed 800 million barrels (130 × 10 ^ m) itself, and exported 840 million barrels (134 × 10 ^ m) to the U.S. The excess of exports over imports was 400 million barrels (64 × 10 ^ m). Over 99% of Canadian oil exports are sent to the United States, and Canada is the United States' largest supplier of oil . </P>

Where in canada are most of our oil/gas reserves