Where Investment Thrives
Industry Profile

Oil and Gas

Alberta is Canada’s energy province. The province’s diverse resource portfolio includes natural gas, conventional oil, coal, minerals and the famous Alberta oil sands.

Alberta is Canada’s energy province. Energy development is the largest contributor to the province's GDP, capital investments and exports. In 2016, Alberta produced about 80 per cent of Canada’s crude oil. Alberta is home to one of the world’s largest unconventional oil deposits, the oil sands, but the province’s diverse resource portfolio also includes natural gas, conventional oil, and minerals.

Alberta has the potential to become the world’s leading energy provider. It has a world-class resource next to the largest market in the world. Only 19% of the world’s proven oil reserves are accessible to private sector investment (not state controlled) of which more than half (53%) are in Alberta’s oil sands, which represents considerable investment opportunities in Alberta’s oil sands.

Alberta’s oil and gas industry is cost-competitive – the break-even costs of its resource plays are one of the lowest in North America.

Areas of expertise

The oil and gas technology and services industry provides a large value-added component to Alberta’s economy and is instrumental in the development of Alberta’s unconventional oil and gas reservoirs. Capital investment in oil sands, heavy oil and unconventional gas projects will provide a continuous source of demand for businesses in this sector.

Products and services

Oil and gas technology and services is focused on upstream-related oil and gas equipment and services. Upstream-related products and services include seismic and geological services, drilling and completions, and advanced production techniques. This important industry sector focuses on such areas as:

  • multilateral drilling technologies,
  • non-invasive drilling fluids,
  • swell packer stimulation technologies,
  • coiled tubing expertise and benefits,
  • innovative pumping technologies,
  • non-traditional well configurations, and
  • geosteering of horizontal wells in real time. 

Oil and Gas Equipment

Alberta has the world’s third largest proven crude oil reserves after Saudi Arabia and Venezuela. Canada is the world’s third largest supplier of natural gas, with Alberta accounting for 67% of Canadian production. The Alberta Government is committed to improving extraction technologies for conventional oil production; i.e. advanced seismic and horizontal drilling.   

Innovation

Alberta’s oil and gas industry has a long history of innovating and finding solutions to technical problems and are partners in keeping costs low.

Unprecedented demands and resource constraints on the energy sector have resulted in companies seeking out new and innovative processes, demonstrated through an increased focus on research and technology. In regards to the heavy oil and oil sands industry, opportunities exist to reduce the use of water and natural gas and to decrease overall environmental impacts.

On a similar front, Alberta’s natural gas industry is exploring ways to improve well economics by reducing the cost of explorations and increasing well productivity through technology and process improvements. As a whole, technology development and adoption, and process improvements are key components to increasing the competitiveness of Alberta’s oil and gas industry.

Modern Infrastructure

Alberta is well set-up for oil and gas activities, with pre-zoned industrial lands, ready access to water, and a skilled workforce ready to work.

The province has a large network of oil and gas pipelines as well as multi-commodity oil and gas distribution centres that connect Alberta’s oil and gas to ports.

GDP -1.8% y/y
Annual Totals
Growth By Province
By Sub-Industry
EMPLOYMENT
Employees

Annual Employment
Growth By Province
By Sub-Industry
BUSINESSES
Businesses

Size
By Province
By Sub-Industry
REVENUES -19.2% y/y
Total Revenue
Growth By Province
By Sub-Industry
EXPORTS -20.6% y/y
Annual Totals
Growth By Province
By Destination
WAGES
Wages

Average Weekly Earnings
Growth By Province
By Sub-Industry

Related Content

Information & Updates

Building on Alberta’s energy strengths - https://www.alberta.ca/release.cfm?xID=545640C209441-E150-49E0-D2BB329DB7DC7F5B
The government announces three programs to grow Alberta’s petrochemicals sector.

Publication

Oil and Gas Quarterly - Fall 2017 - http://www.albertacanada.com/business/statistics/oil-and-gas-quarterly.aspx
Discover the latest information on the projects and related activities occurring in the oil and gas industry including government initiatives, industry updates, new technologies, and statistical data.

Publication

Oil Sands Quarterly - Fall 2017 - http://www.albertacanada.com/business/statistics/oil-sands-quarterly.aspx
Discover the latest information on the projects and related activities occurring in the oil sands industry, including government initiatives, industry updates, project listings, new technologies, and statistical data.

Program

Emerging Resources Program - http://www.energy.alberta.ca/AU/Royalties/Pages/Emerging.aspx
Under this program, eligible wells will receive a program specific cost allowance.

Program

Enhanced Hydrocarbon Recovery Program - http://www.energy.alberta.ca/AU/Royalties/Pages/EHRecovery.aspx
EHRP provides appropriate royalty treatment for incremental hydrocarbon production to account for the higher costs associated with enhanced recovery methods.

Organization

Alberta Energy - http://www.energy.alberta.ca/
Alberta Energy, a ministry of the Government of Alberta, is responsible for ensuring the development of Alberta's resources to the benefit of all Albertans.

Organization

Alberta Energy Regulator - https://www.aer.ca/
AER is a regulatory body with a mandate to provide for the efficient, safe, orderly, and environmentally responsible development of Alberta’s energy resources.

Contacts

Tim Hazlett, Oil and Gas Services and Technologies
E-mail: tim.hazlett@gov.ab.ca    
Phone: 403-592-3102