British Columbia upstream summary Report

Country Report 30 December 2024

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Report summary

British Columbia has historically taken a back seat in the development of Canada's prolific Western Canadian Sedimentary Basin (WCSB). However, favourable fiscal terms combined with technology advances allowing commercial exploitation of resource plays have led to a revival of interest and activity. In particular, the Montney play caused a frenzy of leasing activity between 2006 and 2010. Industry activity and production has increased substantially and the Montney play currently ...

Executive summary
Key facts
Location maps
Key companies
Geology
- Introduction
- WCSB Structure and Sedimentation
- WCSB basin
- Source Rocks
- Conventional Reservoir Rocks, Cap Rocks and Traps
  - Ordovician/Silurian Reservoirs
  - Devonian Reservoirs
  - Carboniferous Reservoirs
  - Permian Reservoirs
  - Triassic Reservoirs
  - Jurassic Reservoirs
  - Lower Cretaceous Reservoirs
  - Middle/Upper Cretaceous Reservoirs
  - 1 more item(s)...
Exploration
- Drilling
  - Drilling activity
- Plains Gas
  - Triassic to Devonian
- Deep Basin Gas
- Coalbed Methane (CBM)
- Shale Gas
- British Columbia’s Frontier Basins
  - Interior Basins
  - Offshore Basins
Reserves and resources
- Reserves Growth and Yet-To-Find Reserves
- Western Canada - Methodology
  - Estimated working interests
  - Sales point and measurement assumptions
  - Infrastructure
  - Production forecast
Production
- Oil/Liquids
  - Historical Background
  - Current Trends and Outlook
- Gas
  - Historical Background
  - Current Trends and Outlook
Infrastructure
- Oil infrastructure
- Hubs and Storage
- Refineries
- Oil Transmission Pipelines
  - Trans Mountain Pipeline
- NGL Transmission Pipelines
- Gas infrastructure
  - Historical Overview
  - LNG
  - NOVA (TransCanada Alberta System)
  - Westcoast
  - ATCO Pipelines
- Gas Processing
  - Alberta
- Gas Storage
Costs
- Capital costs
  - Capital expenditure by location
Policy and regulation
- Key legislation
  - Canada
  - British Columbia
- Regulatory body
  - Canada
  - British Columbia
- Government depletion policy
- Development Approval
- Production Sharing
- Licensing
- Exploration
- Crown Lands
- 1 more item(s)...
Fiscal terms
- Overview
  - Upstream
  - Mid/Downstream
  - Gas Utilisation
- Current fiscal terms
  - State equity participation
  - Bonuses, rentals and fees
  - Signature bonuses
  - Area rentals
  - VAT/Sales Taxes
- Royalty
- Crown Royalties
  - New British Columbia Crown Royalty Framework (For wells drilled September 2022 and forward)
  - British Columbia Historical Crown Royalties (For wells drilled prior to September 2022)
  - Oil
  - Production Sensitivity
- Price Sensitivity
  - Gas
  - Low Productivity Well Allowance
  - Deep gas royalty credits and holidays
  - Coalbed Methane (CBM)
  - Pacific LNG Related Royalty Program
- Net profit royalty
- Freehold Royalties
- Other Production charges
- 6 more item(s)...