Country Report

Arctic Canada upstream summary

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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.

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Tables and charts

This report includes the following images and tables:

    Country Key FactsCountry MapRemaining Reserves and Contingent Resources at 01/01/2026
    Net Acreage 2026Liquids Production by RegionGas Production by Sector (mmcfd) (2015-2024)Reserves by Sector at 01/01/2026Resources by Sector at 2026
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What's included

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    Arctic Canada upstream summary

    XLS 603.50 KB

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    Arctic Canada upstream summary

    PDF 2.71 MB