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Opinion

Canada upstream: 4 things to look for in 2024

Predictions for the year ahead

1 minute read

Jonah Resnick

Senior Research Analyst, Canada Upstream

Jonah focuses on analysing the energy landscape of E&P operators across Canada.

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What's inside this year's report?

Canada’s annualised production will exceed nine million boe/d for the first time in 2024. Oil growth will again feature, as oil sands operators fill expanded egress capacity on the Trans Mountain Expansion (TMX) pipeline. The Clearwater play is set to reach several development milestones next year, and is still offering up exploration excitement. Well results to the northwest of the existing Marten Hills core area are worth watching.

After 2024, will Canada's growth story switch increasingly to gas? 

Powered by Lens Upstream, in this report we highlight four key themes to watch in the year ahead, including: