Country Report
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.
Table of contents
-
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
- 2014-2019
- 2013
- 2010-2012
- 2002-2009
- 2001
-
Mackenzie Delta-Beaufort Sea
- 2015-2019
- 2014
- 2013
- 2012
- 2011
- 2010
- 2009
- 2008
- 2007
- 2006
- 2005
- 2004
- 2003
- 2002
- 2001
- 2000
- 1999
- 1996-1998
-
Central Mackenzie Valley
- 2016-2019
- 2014-2015
- 2013
- 2012
- 2011
- 2010
- 2009
- 2008
- 2007
- 2006
- 2005
- 2004
- 2003
- 2002
- 2001
- 2000
- 1998-1999
- 1997
- 1996
-
Southern Northwest Territories
- 2007-2019
- 2006
- 2004
- 2003
- 1996
- 1994
-
Yukon
- 2018-2019
- 2017
- 2016
- 2014-2015
- 2013
- 2011-2012
- 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
- Resource Allowance
- Fiscal/Contractual Ring-Fences
- Sample Cash Flow
- Historical background
- Pre-1990s
- 1990s
- 2000s
Tables and charts
This report includes 34 images and tables including:
- Key facts: Table 1
- Country Map
- Reserves and contingent resources at 01/01/2024
- Net Acreage 2024
- Gas Production by Region
- Liquids Production by Region
- Geology: Image 1
- Basin name
- Active Blocks by Region
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Gas Contingent Resources by Sector
- Production: Table 1
- Production: Table 2
- Liquids Production by Region
- Production: Table 3
- Production: Table 4
- Gas Production by Region
- Fiscal terms: Table 4
- Fiscal terms: Table 5
- GEM models
- Exploration Drilling by Region
- Geological and Commercial Success Rates
- Oil Infrastructure Map
- Gas Infrastructure Map
- Costs: Table 1
- Costs: Table 2
- Capital Expenditure by Region (US$ Million)
- Costs: Table 3
- Costs: Table 4
- Operating Expenditure by Region (US$ Million)
- Fiscal terms: Table 1
- Fiscal terms: Table 2
- Fiscal terms: Table 3
What's included
This report contains:
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