Total liquids production in Canada averaged 4.26 million b/d in 2014 and is forecast to surpass 6.0 million b/d by 2035. The price crash in 2014 has led to a major slowdown in activity levels and the deferral of most new oil sands projects, and this will depress growth rates during the early 2020s. The main focus of production is Western Canada, which holds the bulk of conventional hydrocarbon resources. It is also home to the world's largest single hydrocarbon deposit, the Athabasca oil sands, which is the key driver of long term production growth. As in the US, technological advancements in horizontal drilling and multi-stage fracture stimulation have enabled operators to exploit tight oil formations, such as the Bakken (Saskatchewan) and Cardium (Alberta), and increase recovery from conventional plays.
Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.
This country report gives an overview of the key upstream supply issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream supply report is your definitive commercial guide.
Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.
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In this report there are 23 tables or charts, including:
Total Canada oil/NGL production outlook and world ranking
Policy and regulation
Supply: Image 1
Western Canada risks to production
Maritime Canada risks to production
Total Canada oil/NGL production outlook to 2035
Oil sands oil/NGL production outlook to 2035
Oil sands infrastructure and fields
Oil sands key projects
Western Canada oil/NGL production outlook to 2035
Western Canada infrastructure and fields
Western Canada key projects
Maritime Canada oil/NGL production outlook to 2035
Maritime Canada key projects
Maritime Canada infrastructure and fields
Supply: Table 4
Supply: Image 11
Supply: Image 12
Map showing some WCS routes to market
Key marketed crude streams
Key crude stream characteristics in 2015
Oil sands quality outlook
Western Canada quality outlook
Maritime Canada quality outlook
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Country report | Sep 2015
Canada oil supply summary
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