Country report
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46 Pages

Arctic Canada upstream summary


Arctic Canada upstream summary

Report summary

Despite its large resource base, the Arctic region is one of the least active in Canada in terms of exploration and development. A lack of infrastructure, a harsh operating environment and seasonal access, combined with current commodity prices has resulted in a significant stall in activity. Both offshore and onshore areas have been leased in pursuit of the vast Arctic resources, including the Canol and Hare-Indian shales. Major players in the area have all recently announced the suspension of exploratory drilling and development of their respective acreages for the foreseeable future. The Mackenzie Delta Producers Group is investigating the possibility of developing the three largest fields in the Mackenzie Delta, which together hold reserves of 6.3 tcf of gas. These fields would serve as the anchors for the proposed Mackenzie Pipeline project. If it proceeds as estimated in 2026, the project would foster further investment and development in Arctic Canada.

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 1.72 MB 46 Pages, 17 Tables, 18 Figures
  • Country Overview XLS - 608.50 KB

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
    • Offshore Activity
    • Onshore Activity
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Introduction
    • Southern Territories and Southeastern Yukon
      • Source Rocks
      • Reservoir Rocks
      • Cap Rock
      • Trapping Mechanism
    • Mackenzie Plain
      • Source
      • Reservoir Rocks
      • Cap Rock
      • Trapping Mechanism
    • Peel Plain and Plateau
      • Source Rocks
      • Reservoir Rocks
      • Cap Rock
      • Trapping Mechanism
    • Great Bear Basin
      • Source Rock
      • Reservoir Rock
      • Cap Rock
      • Trapping Mechanism
    • Northern Yukon
      • Eagle Plain Basin
      • Source Rock
      • Reservoir Rock
      • Cap Rock
      • Trapping Mechanism
    • Whitehorse Basin
      • Source Rock
      • Reservoir Rock
      • Cap Rocks
      • Trapping Mechanism
    • Mackenzie Delta and Beaufort Sea
    • Southern Mackenzie Delta
      • Source Rock
      • Reservoir Rock
      • Cap Rock
      • Trapping Mechanism
    • Beaufort-Mackenzie Basin
      • Source Rock
      • Reservoir Rock
      • Cap Rock
      • Trapping Mechanism
    • Arctic Islands-Sverdrup Basin
      • Source Rocks
      • Reservoir Rocks
      • Cap Rocks
      • Trapping Mechanism
  • Exploration
    • Licensing
    • Lease Sale Activity
    • Arctic Islands of Nunavut
      • 2015
      • 2014
      • 2013
      • 2010-2012
      • 2009
      • 2008
      • 2007
      • 2006
      • 2005
      • 2004
      • 2003
      • 2002
      • 2001
    • Mackenzie Delta-Beaufort Sea
      • 2015
      • 2014
      • 2013
      • 2012
      • 2011
      • 2010
      • 2009
      • 2008
      • 2007
      • 2006
      • 2005
      • 2004
      • 2003
      • 2002
      • 2001
      • 2000
      • 1999
      • 1998
      • 1997
      • 1996
    • Central Mackenzie Valley
      • 2015
      • 2014
      • 2013
      • 2012
      • 2011
      • 2010
      • 2009
      • 2008
      • 2007
      • 2006
      • 2005
      • 2004
      • 2003
      • 2002
      • 2001
      • 2000
      • 1999
      • 1998
      • 1997
      • 1996
    • Southern Northwest Territories
      • 2007-2015
      • 2006
      • 2004
      • 2003
      • 1996
      • 1994
    • Yukon
      • 2015
      • 2014
      • 2013
      • 2012
      • 2011
      • 2010
      • 2009
      • 2008
      • 2007
      • 2001
      • 2000
      • 1999
    • Drilling
      • Drilling activity
      • Arctic Islands of Nunavut
      • Mackenzie Delta-Beaufort Sea
      • Northwest Territories
      • Yukon
      • Success rates
  • Reserves and resources
    • Northwest Territories
    • Beaufort Sea and Mackenzie Delta
    • Arctic Islands
    • Yukon
  • Production
    • Oil/Liquids
    • Gas
  • Infrastructure
    • Introduction
    • Oil infrastructure
      • Northwest Territories
      • Yukon
      • Arctic Islands
      • Beaufort Sea-Mackenzie Delta
    • Gas infrastructure
      • Northwest Territories
      • Yukon
      • Arctic Islands
      • Beaufort Sea-Mackenzie Delta
  • Costs
    • Introduction
    • Capital costs
      • Capital expenditure by location
    • Operating costs
      • Operating expenditure by location
  • Policy and regulation
    • Regulatory body
    • Licensing
  • Fiscal terms
    • Overview
    • UPSTREAM
      • Pipelines
      • Gas Utilisation
    • Current fiscal terms
    • Participation Rate
    • Bonuses, rentals and fees
    • Royalty and other production taxes
      • Royalty
      • Contractor Revenue Entitlement
      • Product Pricing
    • Corporate (or Petroleum) Income Tax
      • Tax Rate
      • Local Income Tax
      • Taxable Income
      • Investment uplift/credit
      • Resource Allowance
      • Loss Carry Forward
      • Fiscal/Contractual Ring-Fences
    • Sample Cash Flow
    • Historical background
    • Pre-1990s
    • 1990s
    • 2000s

In this report there are 35 tables or charts, including:

  • Executive summary
    • Gas Production by Region
    • Liquids Production by Region
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country Map
  • Key companies
    • Remaining Commercial and Technical Reserves at 01/01/2016
    • Liquids and Gas Production 2015
    • Net Acreage 2016
  • Geology
    • Geology: Image 1
    • Basin name
  • Exploration
    • Active Blocks by Region
    • Exploration Drilling by Region
    • Technical and Commercial Success Rates
  • Reserves and resources
    • Reserves and resources: Table 1
    • Reserves and resources: Table 2
    • Technical Gas Reserves by Sector
  • Production
    • Production: Table 1
    • Production: Table 2
    • Liquids Production by Region
    • Production: Table 3
    • Production: Table 4
    • Gas Production by Region
  • Infrastructure
    • Oil Infrastructure Map
    • Gas Infrastructure Map
  • Costs
    • Costs: Table 1
    • Costs: Table 2
    • Capital Expenditure by Region (US$ Million)
    • Costs: Table 3
    • Costs: Table 4
    • Operating Expenditure by Region (US$ Million)
  • Policy and regulation
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
    • Fiscal terms: Table 3
    • Fiscal terms: Table 4
    • Fiscal terms: Table 5
    • GEM models
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

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