Canada?s Upstream Oil and Gas Sector - Global Leadership Invest in Canada Canada, Energy & Innovation ? Targeting Sustainability & Growth July 4, 2013
The Global Energy Spotlight on Canada World-Class Capability Social License -> Performance -> Communication World-Class Resource Competitiveness -> Market Diversification -> Workforce 2
Global Primary Energy Demand Source: International Energy Agency ? New Policies Scenario World Energy Outlook 2011 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 20,000 2010 2015 2020 2025 2030 2035 million…
World-Class Crude Oil Reserves 26 25 21 37 30 48 80 92 102 141 155 173 265 298 0 50 100 150 200 250 300 Venezuela Saudi Arabia Canada Iran Iraq Kuwait Abu Dhabi Russia Libya Nigeria Kazhakhstan China Qatar…
Canadian Crude Oil Production Outlook Actual Forecast Eastern Canada
Market Diversification Via New Pipelines & Rail W. Canada Crude Oil Rail Exports - 200,000 b/d by Q4/13
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…
Canadian Production ? Market Constrained Case and New Market Opportunity Case 8 Eastern Canada CBM Western Canada Unconventional Western Canada Conventional Market Constrained Case New Market Opportunity Case
? Workforce skills & capacity is key to competitiveness ? Challenge arises from growth opportunity and demographics ? Provide opportunity for Canadians: ? Training ? Mobility ? Under-represented groups ? Immigration: ? Numbers &…
Social License ?Performance: ? Continuous environmental & social performance improvement (across the value chain)?..including monitoring, timely & transparent reporting ? Clear line of sight to economic and social benefits to…
Environmental Performance ? Fact vs. Fiction 12 @oilgascanada www.facebook.com/OilGasCanada
Economic Benefits of Oil Sands ? A Canadian Story 13
The Way Forward ? Sustainability & Growth ? Opportunities: ? Market demand ? Competitive supply ? Build on strong foundation ? Industry Competitiveness ? Market growth & diversification ? Skilled workforce availability ? Industry…