Country report
British Columbia upstream summary
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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. However, favourable fiscal terms combined with the emergence of geological plays into the commercial arena 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 accounts for nearly ...
What's included
This report contains
Table of contents
- Executive summary
- Key facts
- Location maps
- Key companies
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Geology
- Introduction
- WCSB Structure and Sedimentation
- WCSB basin
- Source Rocks
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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
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Exploration
-
Drilling
- Drilling activity
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Plains Gas
- Upper Cretaceous Shallow Gas
- Lower Cretaceous and Jurassic
- Triassic to Devonian
- Foothills
- Deep Basin Gas
- Coalbed Methane (CBM)
- Shale Gas
- Conventional Heavy Oil
-
Conventional Light Oil
- Alberta Basin
- Williston Basin
-
Brtish Columbia’s Frontier Basins
- Interior Basins
- Offshore Basins
-
Drilling
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Reserves and resources
- Reserves Growth and Yet-To-Find Reserves
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Western Canada - Methodology
- Estimated working interests
- Sales point and measurement assumptions
- Infrastructure
- Production forecast
-
Production
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Oil/Liquids
- Historical Background
- Current Trends and Outlook
- Historical Background
- Current Trends and Outlook
-
Oil/Liquids
-
Infrastructure
- Oil infrastructure
- Hubs and Storage
- Refineries
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Oil Transmission Pipelines
- Enbridge Mainline
- Express Pipeline
- TransMountain Pipeline
- Rangeland Pipeline
- Milk River Pipeline
- Wascana Pipeline
- NGL Transmission Pipelines
- Gathering Systems
-
Gas infrastructure
- Historical Overview
- Proposed west coast lines
-
Gathering Systems
- NOVA (TransCanada Alberta System)
- Westcoast
- TransGas
- ATCO Pipelines
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Gas Processing
- Alberta
- Gas Storage
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Costs
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Capital costs
- Capital expenditure by location
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Capital costs
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Policy and regulation
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Key legislation
- Canada
- British Columbia
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Regulatory body
- Canada
- British Columbia
- Government depletion policy
- Development Approval
- Production Sharing
- Licensing
- Exploration
- Crown Lands
- Freehold Lands
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Key legislation
-
Fiscal terms
-
Overview
- Upstream
- Mid/Downstream
- Pipelines
- Gas Utilisation
-
Current fiscal terms
- State equity participation
- Bonuses, rentals and fees
- Signature bonuses
- Area rentals
- VAT/Sales Taxes
- Royalty
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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
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Freehold Production Tax (FPT)
- Domestic Market Obligation (DMO)
- Product Pricing
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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
- Federal Capital Tax
- Provincial Capital Tax
- Municipal taxes
- Dividend Withholding Tax
- Transfer of a licence interest
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Corporate Structures
- Trusts
- Flow-through shares
-
Overview
Tables and charts
This report includes 29 images and tables including:
Images
- British Columbia Liquids Production
- British Columbia Gas Production
- Western Canada Sedimentary Basin Overview Map
- Remaining Commercial and Technical Reserves at 01/01/2018
- Liquids and Gas Production 2017
- Map of Western Canada Geology
- Western Canadian Stratigraphic Column
- British Columbia Liquids Production
- Western Canada Oil Infrastructure Map - Key Pipelines
- Western Canada Gas Infrastructure Map - Key Pipelines
- British Columbia Gas Production
Tables
- Key facts: Table 1
- Production: Table 1
- Production: Table 2
- Infrastructure: Table 1
- Infrastructure: Table 2
- Fiscal terms: Table 1
- Gas
- Production: Table 4
- 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
- Fiscal terms: Table 7
- GEM models
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