Real Growth, Real Opportunity and Real Rewards


CARRIE KELLY The Pipeline


Saskatchewan Energy and Resources Minister Bill Boyd recently profiled the successes of his province’s dynamic oil and gas industry at the World Heavy Oil Congress in Edmonton.


His presentation on heavy oil was called ‘Real Growth, Real Opportunity and Real Rewards.’


“That certainly describes what awaits investors in the industry here," Boyd says. "Our light crude oil plays and our massive heavy oil resources offer plenty of opportunities for entrepreneurs, and our positive business climate provides the perfect backdrop for those opportunities to be realized."


More than half of Saskatchewan's conventional crude oil production comes from heavy oil. The province's initial heavy oil in place is estimated at over 20 billion barrels, but only a small percentage of that is currently commercially recoverable using present technology.


"Our companies and researchers have been doing ground-breaking work in enhanced oil recovery, and the new and evolving technologies we are pioneering here will ensure we capture as much of our rich heavy oil resource as possible," Boyd says.


The Ministry of Energy and Resources and Enterprise Saskatchewan were major sponsors of the World Heavy Oil Congress, which is held in different


countries every 18 months.


The province's oil and gas industry saw about $10.5 billion in sales in 2010 and invested $3.3 billion in exploration and development activity. The oil and gas industry provides direct and indirect employment for more than 29,000 people in Saskatchewan.


Boyd is scheduled to speak at the Canadian Tight Oil Congress 2011, taking place in Calgary June 22 and 23. He will be part of a panel involved in a session on gaining clarity on government regulations around well spacing. The session will include future directions on royalty regimes to determine how to ensure regulatory compliance while expanding tight oil production.


SPRING SPECIALS HUGE


3/4 TON CREW CAB 4X4 MSRP $50,740


Marked Down!


Trans Canada Way S.E. Medicine Hat, AB


rans 16 WESTERN CANADIAN PIPELINE | SPRING 2011 rans MedMe 1-888-527-1141


1/2 TON CREW CAB 4X4 MSRP $38,600


00 0


Marked Down!


41034168•04/29/11


$27,930 + taxes


$10,670 SAVE


$39,908 + taxes + ta taxes


$10,832 SAVE


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20