Canada’s Upstream
Oil and Gas Sector -
Global Leadership
1
Invest in Canada
Canada, Energy & Innovation –
Targeting Sustai...
The Global Energy Spotlight on
Canada
World-Class
Capability
Social License
-> Performance
-> Communication
World-Class
Re...
Global Primary Energy Demand
Source: International Energy Agency – New Policies Scenario
World Energy Outlook 2011
0
2,000...
World-Class Crude Oil Reserves
26 25 21
30
37
48
80
92
102
141
155
173
265
298
0
50
100
150
200
250
300
Venezuela
SaudiAra...
Canadian Crude Oil Production Outlook
Eastern CanadaActual Forecast
Market Diversification Via New Pipelines & Rail
W. Canada Crude Oil Rail
Exports - 200,000 b/d by Q4/13
North American Natural Gas –
Supply Outlook
• Shale gas supply a
game-changer …
100+ years supply
• Technology success
(ho...
Canadian Production – Market Constrained Case
and New Market Opportunity Case
8
Eastern Canada
CBM
Western Canada
Unconven...
● Kitimat LNG (Chevron, Apache)
 1.4 Bcf/d
 Permits received; awaiting investment decision
● BC LNG Export Co-operative
...
● Workforce skills & capacity is
key to competitiveness
● Challenge arises from growth
opportunity and demographics
● Prov...
Social License
●Performance:
• Continuous environmental & social performance improvement
(across the value chain)…..includ...
Environmental Performance – Fact vs. Fiction
12
@oilgascanada
www.facebook.com/OilGasCanada
Economic Benefits of Oil Sands – A Canadian
Story
13
The Way Forward – Sustainability & Growth
● Opportunities:
 Market demand
 Competitive supply
 Build on strong foundati...
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Canada’s Upstream Oil and Gas Sector - Global Leadership

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Presentation by Dave Collyer, CAPP President. Presentation in Calgary, AB on July 4, 2013

Published in: Business, Economy & Finance
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Canada’s Upstream Oil and Gas Sector - Global Leadership

  1. 1. Canada’s Upstream Oil and Gas Sector - Global Leadership 1 Invest in Canada Canada, Energy & Innovation – Targeting Sustainability & Growth July 4, 2013
  2. 2. The Global Energy Spotlight on Canada World-Class Capability Social License -> Performance -> Communication World-Class Resource Competitivenes s -> Market Diversification -> Workforce 2
  3. 3. Global Primary Energy Demand Source: International Energy Agency – New Policies Scenario World Energy Outlook 2011 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 20,000 2010 2015 2020 2025 2030 2035 million tonnes oil equivalent Other Renewables Bioenergy Hydro Nuclear Natural Gas Oil Coal Source: International Energy Agency World Energy Outlook 2012 Ongoing reliance on fossil fuels (share of energy consumption): 2010: 81% 2035: 75%
  4. 4. World-Class Crude Oil Reserves 26 25 21 30 37 48 80 92 102 141 155 173 265 298 0 50 100 150 200 250 300 Venezuela SaudiArabia Canada Iran Iraq Kuw ait Abu Dhabi Russia Libya Nigeria Kazhakhstan China Q atar United States billionbarrels Source: Oil & Gas Journal Dec. 2012 Includes 169 billion barrels of oil sands reserves Restricted (81%) Open to Private Sector Oil Sands 56% Other 44% World Oil Reserves Open to Private Sector
  5. 5. Canadian Crude Oil Production Outlook Eastern CanadaActual Forecast
  6. 6. Market Diversification Via New Pipelines & Rail W. Canada Crude Oil Rail Exports - 200,000 b/d by Q4/13
  7. 7. North American Natural Gas – Supply Outlook • Shale gas supply a game-changer … 100+ years supply • Technology success (horizontal drilling, fracturing, completions) • Implications:  New producing regions  Shifting S / D dynamics  Changes in p/ l flows  Emerging stakeholder challenges (env. & social)
  8. 8. Canadian Production – Market Constrained Case and New Market Opportunity Case 8 Eastern Canada CBM Western Canada Unconventional Western Canada Conventional Market Constrained Case New Market Opportunity Case
  9. 9. ● Kitimat LNG (Chevron, Apache)  1.4 Bcf/d  Permits received; awaiting investment decision ● BC LNG Export Co-operative  0.125 Bcf/d  Permits received ● LNG Canada (Shell, KOGAS, Mitsubishi, PetroChina)  2.0 – 3.2 Bcf/d  Feasibility stage; applied for some permits ● Pacific Northwest LNG (Progress/Petronas, Japex)  2.0 Bcf/d (Merger approval granted)  Completed feasibility, progressing to pre-FEED ● Nexen/Inpex  Conducting feasibility ● Prince Rupert LNG (BG Group)  3.0 Bcf/d  Advancing feasibility, applying for permits ● AltaGas/Idemitsu Kosan  0.27 Bcf/d  Conducting feasibility ● ExxonMobil/Imperial Oil (WCC LNG Ltd)  4.0 Bcf/d  Applied for export license Canadian LNG export projects in development 9 Total potential new demand ~ 13.0 Bcf/d Expressions of interest to proceed with a project have also been made by; Woodside Petroleum & South Korea E&S
  10. 10. ● Workforce skills & capacity is key to competitiveness ● Challenge arises from growth opportunity and demographics ● Provide opportunity for Canadians: • Training • Mobility • Under-represented groups ● Immigration: • Numbers & skills • Permanent and temporary ● Workforce supply and productivity is key to managing costs Skilled Workforce Availability 10
  11. 11. Social License ●Performance: • Continuous environmental & social performance improvement (across the value chain)…..including monitoring, timely & transparent reporting • Clear line of sight to economic and social benefits to Canadians • World class policy & regulatory system • Solutions-oriented advocacy for balanced policy and regulation ●Communications & Outreach: • Sustained communications grounded in performance improvement • Strong focus on outreach & engagement ●Requires leadership & collaboration 11 =+
  12. 12. Environmental Performance – Fact vs. Fiction 12 @oilgascanada www.facebook.com/OilGasCanada
  13. 13. Economic Benefits of Oil Sands – A Canadian Story 13
  14. 14. The Way Forward – Sustainability & Growth ● Opportunities:  Market demand  Competitive supply  Build on strong foundation ● Industry Competitiveness  Market growth & diversification  Skilled workforce availability ● Industry Social License  Performance + Communication  Must be earned (every day!)  Key levers: • Technology & innovation • Collaboration (within sector, along value chain, w/ aligned interests)
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