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  • Oil & Gas Overview - March 2014

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    The document summarizes capital spending and investment in the Canadian oil and gas industry from 2012-2014. It reports that oil and gas investment spending was $67 billion in 2012 and is estimated to be $67 billion in 2013 and forecast to be $68 billion in 2014. It also breaks down spending by region, showing the largest amounts went to the oil sands and Western Canada regions. The document also outlines several proposed natural gas pipeline and liquefied natural gas export projects on Canada's west coast.

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    Oil & Gas Overview - March 2014

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    The document summarizes capital spending and investment in the Canadian oil and gas industry from 2012-2014. It reports that oil and gas investment spending was $67 billion in 2012 and is estimated to be $67 billion in 2013 and forecast to be $68 billion in 2014. It also breaks down spending by region, showing the largest amounts went to the oil sands and Western Canada regions. The document also outlines several proposed natural gas pipeline and liquefied natural gas export projects on Canada's west coast.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Download as pdf or txt
    26 views8 pages

    Oil & Gas Overview - March 2014

    Uploaded by

    doombuggy
    The document summarizes capital spending and investment in the Canadian oil and gas industry from 2012-2014. It reports that oil and gas investment spending was $67 billion in 2012 and is estimated to be $67 billion in 2013 and forecast to be $68 billion in 2014. It also breaks down spending by region, showing the largest amounts went to the oil sands and Western Canada regions. The document also outlines several proposed natural gas pipeline and liquefied natural gas export projects on Canada's west coast.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 8

    Industry Capital Spending

    Cdn $billions
    Oil & Gas Investment Spending:
    2012: $67 billion
    Northern Canada
    2012 2013E 2014F
    $0.1 $0.5
    $0.7

    2013: $67 billion (estimate)


    2014: $68 billion (forecast)

    Oil Sands
    2012 2013E 2014F
    $27
    $25
    $25

    Western Canada
    2012 2013E 2014F
    $37
    $39
    $39

    Note: Excludes spending on mergers & acquisitions

    East Coast Offshore


    2012 2013E 2014F
    $2.4 $3.0
    $3.5

    Canadian Oil Sands (Bitumen and SCO) & Conventional


    Production

    Access to Markets Pipeline Expansions in Development

    WCSB Takeaway vs Supply Forecast

    Crude Oil Rail Exports

    Western Canada vs. North Dakota


    Opportunities:

    Relatively quick
    Flexibility
    Less diluent
    Use in both
    directions

    Challenges:

    Recent safety
    Higher costs
    Limited loading and
    tank car availability

    Source: Peters & Co. Limited = Sept 2013

    New Market Opportunities for W. Canadian Gas


    Area of Oil Sands
    Deposit
    NGTL
    Westcoast
    PNG (Capacity approx: 110 MMcfd)
    Pacific Trail: Proposed (Kitimat LNG)
    Coastal GasLink: Proposed (LNG Canada)
    Prince Rupert Gas Trans: Proposed
    (Pacific Northwest LNG)

    Growing
    Oil Sands
    Demand

    Westcoast Connector:
    Proposed (Prince Rupert LNG)

    Potential
    LNG
    Export
    Demand

    Declining
    Traditional
    Market
    Demand

    Canadian West Coast LNG export projects in


    development

    Kitimat LNG (Chevron, Apache)

    1.4 Bcf/d

    Permits received (including Export License); awaiting investment decision


    BC LNG Export Co-operative

    0.125 Bcf/d

    Permits received (including Export License)


    LNG Canada (Shell, KOGAS, Mitsubishi, PetroChina)

    2.0 3.2 Bcf/d

    Feasibility stage; applied for some permits; Export License granted


    Pacific Northwest LNG (Progress/Petronas, Japex)

    2.0 Bcf/d (Merger approval granted)


    Prince Rupert

    Completed feasibility, Export License granted, progressing to pre-FEED


    Aurora LNG (Nexen/Inpex)
    Kitimat

    Conducting feasibility
    Prince Rupert LNG (BG Group)

    3.0 Bcf/d

    Advancing feasibility, Export License granted, applying for environmental permits


    Triton LNG (AltaGas/Idemitsu Kosan)

    0.3 Bcf/d

    Conducting feasibility; applied for export license


    ExxonMobil/Imperial Oil (WCC LNG Ltd)
    Vancouver

    4.0 Bcf/d

    Granted Export license


    Woodfibre LNG

    0.3 Bcfd

    Granted Export license


    Woodside (Grassy Point LNG)
    Note: Other announced projects include Kitsault LNG, Stewart LNG, Quicksilver

    1.8 Bcfd

    Conducting Feasibility

    Total potential new demand ~ 15.0 Bcf/d

    Natural Gas Pipelines Connecting LNG Projects

    Fort Nelson

    Prince Rupert Gas Transmission


    Pipeline

    Pacific Northwest LNG

    Pacific Trail

    Kitimat LNG

    Coastal Gas Link


    Summit Lake
    Prince
    Rupert

    Kitimat

    LNG Canada

    Spectra/BG Group

    BG/others

    Existing Pacific Northern

    BC LNG COOP
    Altagas/Idemitsu

    Existing Spectra Energy

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