Canada?s Oil & Natural Gas Presentation to the Associated October 30, 2014 Equipment Distributors Janet Annesley Vice President ? Ottawa, Eastern & Atlantic Canada
Looking Forward to Continuing Responsible Growth
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 2011 2020 2025 2030 2035 million tonnes…
Top 10 World Crude Oil Producers in 2013 0 2 4 6 8 10 12 Mexico Kuwait UAE Iraq Iran Canada China USA audi Arabia Russia Million Barrels per Day Sources: U.S. Dept. of Energy, Energy Information Administration Crude oil…
Top 10 World Natural Gas Producers in 2012 0 5 10 15 20 25 30 US Russian Federation Iran Qatar Canada Norway China Saudi Arabia Algeria Indonesia Trillion Cubic Feet per Year Source: BP Statistical Review 2013 Canada, is the…
Global Crude Oil Imports and Exports (million b/d) Source: IEA World Energy Outlook 2013 New Policies Scenario
Global Competitiveness International Energy Agency (2013) 7
Canada has one of the most stable investment climate amongst other major global reserve holders 8 IHS Country Risk Analysis provides a comprehensive picture of the quality of conditions and level of stability in over 205 countries…
Global Crude Oil Reserves by Country 30 25 24 48 37 32 102 92 80 140 157 173 266 298 0 50 100 150 200 250 300 Venezuela Saudi Arabia Canada Iran Iraq Kuwait Abu Dhabi Russia Libya Nigeria United States…
Canadian Crude Oil Production Forecast 11
Canadian Pipeline Capacity vs 2014 Supply Forecast Enbridge Mainline Trans Mountain Express PADD IV 12
Canadian & US Crude Oil Pipeline Proposals 13
2013 Canada and US Refinery Demand Source: CAPP, CA Energy Commission, EIA, Statistics Canada
U.S. Oil Demand and Sources of Supply Source: U.S. Energy Information Administration Annual Energy Outlook 2013 U.S. Crude Oil Production U.S. Other Liquids Production U.S. Imports
Foreign Investment in Canada?s Oil Sands 2007-2013 7 Source: CERI/CanOils
Industry Capital Spending Cdn $billions 19 Note: Excludes spending on mergers & acquisitions Western Canada 2013 2014E 2015F $39 $36 $35 Western Canada 2013 2014E 2015F $39 $36 $35 East Coast Offshore 2013 2014E 2015F $3.9…
0 20 40 60 80 100 120 140 Upstream Oil & Gas Auto Manufacturing Forestry & Logging Wheat & Barley Uranium Annual Revenues ($ Billions) Major Canadian Products Selling Industries 20 Source: ARC Financial & CAPP ?…
Direct Suppliers to Canada?s Oil Sands by Province Exclude Alberta 21 BC AB SK MB QC ON NB NS PEI NL YT NWT NU Total: 2370 614 191 1123 60 114 26 41 3 191
Oil Sands Environmental Performance ? Context ? Water Use and Quality ? 0.6% flow from Athabasca River (mining); ? new in situ projects 100% saline water; ? 80-95% recycle ? ?No current evidence that oil sands are a threat to…
0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 Transportation equipment Other manufacturing Food Paper Manufacturing Petroleum & Coal Products Chemicals Primary metals Mining Electric Power Oil & Gas extraction $ Billions…
Canada?s Oil Sands Innovation Alliance (COSIA) Canada?s Oil Sands Innovation Alliance (COSIA) is an alliance of oil sands producers focused on accelerating the pace of improvement in environmental performance in Canada\'s oil sands…
Examples of Innovation/Technology ? COSIA ? Shared 560 technologies that cost $900 million to develop ? 185 projects underway with a cost of over $500 million ? Tailings ? Accelerated Dewatering ? Cross Flow Filtration ? Filter…
Global Emissions GHG emissions from oil sands: ? Accounted for 0.13% of global GHG emissions ? 8.7% of Canada?s GHG emissions ? 28% reduction in intensity from 1990 Global GHG Emissions Canada?s 2% Sources: 1. WRI CAIT 2.0 Total…
North American Emissions (2012) for Coal-fired Power and Oil Sands 0 - 20 metric tons 20+ - 40 metric tons 40+ - 80 metric tons gend U.S. Coal fired power generating plants (CO2) Canadian coal-fired power generating plants (GHG)…
North Sea - Forties Brazil - Tupi Saudi Arabia - Arab Light US Barrel Refined in the U.S. (2005) Iraq - Kirkuk Blend Cdn Oil Sands: Mining Dilbit (PFT) Mexico - Maya Venezuela Bachaquero US - Mars Cdn Oil Sands: Low SOR SAGD…
Canada?s Remaining Marketable Natural Gas Resources = 1093 Tcf Conventional, 74 Tight Gas, 530 Shale Gas, 222 Coalbed Methane, 35 Frontiers & Other, 232 Source: National Energy Board 32
Western Canada Unconventional Gas Plays: Estimated Marketable Gas Play Reserves (Tcf) Source 1. Liard 421 BCOGC 2. Horn River 78 NEB/BC MEM 3. Cordova Embayment 402 BCOGC 4. Montney 449 NEB/BCOGC/ AER 5. Duvernay 893 AER…
Current Disposition of W. Canada?s Natural Gas Production (2013) TransCanada Transmission Mainline TQ&M Westcoast Kern River Northwest Northern Border TransCanada Alberta (NGTL) NGPL ANR ANR El Paso PG&E SoCal PGT…
Kitimat Prince Rupert ? Kitimat LNG (Chevron, Apache) 1.28 Bcfd ? Permits received (including Export License); awaiting investment decision ? BC LNG Export Co-operative 0.25 Bcfd ? Permits received (including Export License) ? LNG…
Canadian Oil & Natural Gas Opportunities Vast resources of Oil & Gas Stable, reliable supplier Supportive Governments Strong regulatory and nvironmental rules Technology leader Challenges ?Access only to North America market ?…