Insight
Webinar: a Canadian update on coronavirus and the oil price crash
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Canadian oil and gas sector has a long history of dealing with price volatility, but this recent downturn is different with a triple blow of low oil prices, falling demand due to coronavirus and egress challenges. The response of regional operators has been quick with an average 32% of capital cut from 2020 guidance and approximately 400 kbd of near-term curtailments announced. However, as supply fills and oversupply lengthens, more cuts will be needed with oil sands the likely target. Liquid-rich plays are also hit hard by the oil price drop, with over 40% of unconventional sub-plays that were previously economic now uneconomic. We outlined which oil sands projects are highest risk to shut in and looked at the impact of a downside drilling scenario to condensate and gas production. Every lever is being pulled as Canadian companies move into survival mode.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Q4 2018 North America LNG projects update: FIDs imminent on three Gulf Coast projects
Cheniere, Venture Global, Sempra, Tellurian and Woodfibre all announced offtake agreements supporting new capacity.
$1,050
Asset Report
Canada oil sands key play
Canada's oil sands hold a known resource base of 160 billion recoverable barrels. A total of 76 phases, covering 35 projects, are assessed.
$22,800
Insight
Alaska Upstream: 2018 in review and what to look for in 2019
Alaska's upstream sector is emerging from the oil price downturn and the future looks promising. What could 2019 have in store?
$1,350
