• Canada is the world's fourth largest producer of natural gas and the sixth largest producer of crude oil
• Alberta’s oil sands are the world’s second largest oil reserve
• Canada exported $83 billion of oil and gas products to the U.S. in 2011
• Canada imported $5.9 billion of oil and gas products from U.S. in 2011
• The oil and gas industry accounts for $81B of the total revenue in Canada
OPPORTUNITIES ‐ PROGRAMS/PROJECTS
• Redwater Bitumen Refinery is a JV between Canadian Natural Resources & North West Upgrading. Bitumen Upgrader Phase 1 construction is set for 2012-2014: cost of $4 billion.
• Kearl Oil Sands Project, a venture by Imperial Oil and Exxon Mobil, recently approved an 110,000 barrel per day expansion to the project. The mine is expected to start-up in 2012, with the expansion to be completed by 2015.
• Joslyn Mine Project, a joint venture by Total E&P Canada and Suncor Energy Inc., was given approval in late 2011. The project will cost between $7-9 billion, and is expected to yield 874 million barrels, with a capacity of 100,000 bpd. The mine should be running by 2018.
• The Keystone Expansion Pipeline (Keystone XL), a pipeline expansion by TransCanada Pipelines, will bring crude oil from Alberta’s oil sands to the Gulf of Mexico. Project needs to be re-submitted to the State Department for approval.
• In the oil and gas industry, 59% of the field machinery market is controlled by U.S. imports
• Promising subsectors include specialty mining and extraction equipment for Alberta’s oilsands
• High demand for technologies that reduce water and natural gas usage
• Outstanding opportunities for providers of exploration, drilling, mining, refining, pipeline, environmental, and safety and security equipment and services