Canadian Oil and Gas Industry Outlook Opportunities & Challenges CORE Energy Conference Halifax NS , October 3 2012 Dave Collyer, President
Global Primary Energy Demand IEA New Policies Scenario million tonnes oil equivalent 18,000 Significant energy Other Renewables demand growth: Biomass & Waste 16,000 Hydro Population, standards of Nuclear living. Natural Gas…
Canada is a Global Energy Player 3 3 Canada is third to Saudi Arabia Canada is third in the world in & Venezuela in crude oil natural gas production. reserves 6 Canada is sixth largest 2 Canada is second in the world oil…
The Canadian Oil and Natural Gas Industry - A Key Driving Force in the Canadian Economy Investing 61 billion in Canada in 2012. 21 billion to governments in 2011. 20-25% of the value on Toronto Stock Exchange. Approx. 18% of Canadas…
North American Natural Gas Supply Outlook Shale gas supply a game-changer 100+ years supply Technology success (horizontal drilling, fracturing, completions) Implications: New producing regions Shifting S / D dynamics…
Canadian Natural Gas Production Two Price Scenarios (bcfd) 22 20 18 Price Recovery Case 16 Eastern Canada 14 12 Alberta Shale 10 Horn & Cordova 8 6 Montney 4 CBM 2 Note: Prices recover to at least a level of 5.50/GJ 0…
Canadian Natural Gas Exports, 2011 Potential Effect of New Shale Gas on Gas Flow Canadian Exports, 2011 Horn River, Montney 8.9 bcf/d LNG Northeast 1.4 bcf/d West 2.4 bcf/d U.S. Rockies Mid-West Marcellus 5.1 bcf/d New…
Potential West Coast LNG Terminals Positives Asian market growth Proximity to Asia Deep water port(s) Robust supply Govt & stakeholder support Potential Challenges Multiple competing projects Global scale Cost escalation…
Crude Oil
Global Crude Oil Reserves by Country World Oil Reserves Open to 300 Private Sector 265 Oil Sands 250 Open to 55% 211 Restricted Private 174 (80%) Sector Other 200 45% billion barrels 151 143 150 102 92 100 60 47…
Western Canadian and Bakken Crude Pipeline Routes to U.S., Canada and Offshore Existing infrastructure primarily devoted to N.A. markets. Strong Canadian production growth requires diversification to new markets: Price Takeaway
WCSB Pipeline Takeaway Capacity vs. Supply 14
Eastern Canada Importing 800,000 b/d. Light oil refineries. Price differential World price imports are higher than domestic. Transportation options: Pipelines: Line 9 reversal TransCanada conversion Rail First 75,000 bbls. to…
Market Access Objective: Industry seeks timely expansion of crude oil and natural gas export infrastructure aligned with production growth. Drivers are fundamentally: Securing market outlets Securing global prices What is…
Social License Framework Social License = Performance + Communication Performance: Continuous environmental & social performance improvement (across the value chain)..including monitoring, timely & transparent reporting. Whats in it…
Atlantic Canada Opportunities & Challenges
Atlantic Canada Offshore Opportunities & Challenges Opportunities Resource base. Renewed interest offshore NS. Good track record fabrication / supply and service. Excellent local tech. programs. Demonstrated expertise. Challenges…
Atlantic Canada Onshore Opportunities/Challenges Opportunities Resource base & production growth potential. Opportunity to align fiscal & regulatory framework to attract investment. Existing infrastructure. Local market demand.…
The Way Forward Opportunities Market demand. Competitive supply. Build on strong foundation. Key Challenges Market access / infrastructure dvmt. Social license. Industry Social License Performance + Communication. Must be…
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