Country Report

British Columbia upstream summary

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25 November 2019

British Columbia upstream summary

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 ...

Table of contents

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
    • 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
      • Tertiary Reservoirs
    • 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 Growth and Yet-To-Find Reserves
    • Western Canada - Methodology
      • Estimated working interests
      • Sales point and measurement assumptions
      • Infrastructure
      • Production forecast
    • Oil/Liquids
      • Historical Background
      • Current Trends and Outlook
      • Historical Background
      • Current Trends and Outlook
    • Oil infrastructure
    • Hubs and Storage
    • Refineries
    • Oil Transmission Pipelines
      • Trans Mountain Pipeline
    • NGL Transmission Pipelines
    • Gas infrastructure
      • Historical Overview
      • Proposed west coast lines
    • Gathering Systems
      • NOVA (TransCanada Alberta System)
      • Westcoast
      • ATCO Pipelines
    • Gas Processing
      • Alberta
    • Gas Storage
    • Capital costs
      • Capital expenditure by location
    • Key legislation
      • Canada
      • British Columbia
    • Regulatory body
      • Canada
      • British Columbia
    • Government depletion policy
    • Development Approval
    • Production Sharing
    • Licensing
    • Exploration
    • Crown Lands
    • Freehold Lands
    • 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
      • British Columbia Crown Royalties
      • 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
    • Freehold Production Tax (FPT)
      • Domestic Market Obligation (DMO)
      • Product Pricing
    • Corporate Income Tax
      • Federal Income Tax
      • Provincial Income Tax
    • Taxable Income
      • Resource Allowance
      • Provincial Royalty Tax Credits
      • Loss Carry Forward/Backward
      • Fiscal/Contractual Ring-Fences
      • Provincial Capital Tax
      • Municipal taxes
      • Dividend Withholding Tax
    • Transfer of a licence interest
    • Corporate Structures
      • Trusts
      • Flow-through shares
    • Historical background

Tables and charts

This report includes 29 images and tables including:

  • British Columbia Liquids Production
  • Gas Production
  • Key facts: Table 1
  • Western Canada Sedimentary Basin Overview Map
  • Reserves and contingent resources at 01/01/2021
  • Liquids and Gas Production 2020
  • Map of Western Canada Geology
  • Western Canadian Stratigraphic Column
  • Production: Table 1
  • Production: Table 2
  • British Columbia Liquids Production
  • Infrastructure: Table 1
  • Infrastructure: Table 2
  • Western Canada Oil Infrastructure Map - Key Pipelines
  • Western Canada Gas Infrastructure Map - Key Pipelines
  • Fiscal terms: Table 1
  • GEM models
  • Gas
  • Production: Table 4
  • Gas Production
  • Gas Production by key WI company
  • Transmission Pipelines
  • Costs: Table 1
  • Costs: Table 2
  • Fiscal terms: Table 2
  • Fiscal terms: Table 3
  • Fiscal terms: Table 4
  • Fiscal terms: Table 5
  • Fiscal terms: Table 6

What's included

This report contains:

  • Document

    Country Overview

    PDF 1.44 MB

  • Document

    Country Overview

    XLS 420.50 KB