Webinar - Canadian Oil and Gas Production Outlook: Times of Uncertainty
Published On: October 05, 2020
Presentation by Dinara Millington
The energy sector continues to play a critical role in supporting the delivery of healthcare, remote working, and other day-to-day necessities during the global COVID-19 pandemic. However, in these challenging times, many factors are weighing on the sector's future, with potentially lasting negative effects.
In this webinar, CERI presented the latest production outlook for the Canadian oil and gas sector, including production scenarios for the conventional and unconventional oil and gas basins. Conventional oil and gas covers onshore and offshore conventional oil, including shale and tight oil activity, conventional natural gas, coalbed methane, tight and shale gas, and the associated natural gas liquids (pentanes plus and condensate only) and unconventional resources including oil sands bitumen. Given the ongoing worldwide COVID-19 pandemic and subsequent uncertainty around the market supply and demand dynamics, highly volatile oil prices, and uncertain levels of capital investment, the supply cost examination for greenfield development is omitted.