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  2. Canada's refineries are able to process nearly 2 million barrels of oil per day. Canada has 10% of the world’s oil reserves with refinery capacity of 2-million barrels/day

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  1. In 2023, natural gas production in B.C. averaged 6.7 billion cubic feet per day (Bcf/d) (Figure 1), accounting for 36% of Canada’s natural gas production. Natural gas is produced in the northeastern part of B.C., almost all from the Montney Formation. Natural gas production has almost doubled from the average of 3.7 Bcf/d produced in 2013.

  2. May 10, 2017 · For more information about B.C. Oil and Gas Statistics. Office. 778 698-3663. Email. cathy.mou@gov.bc.ca. Did you find what you were looking for?

  3. The north-east portion of British Columbia is part of a geologic area called the Western Canadian Sedimentary Basin, which also extends through Alberta and Saskatchewan. The site of a vast sea millions of years ago, this basin is rich in oil and gas deposits in sedimentary rock layers, at various depths, from several hundred to several thousand metres below the surface.

  4. Estimates of British Columbia’s natural gas, oil, condensate, and associated by-product reserves are presented in this report as of Dec. 31, 2018. The estimates have been prepared by the BC Oil and Gas Commission (Commission) using the principles of accepted engineering methods (including the Canadian Oil and Gas Evaluation Handbook (COGEH), the

  5. Jul 25, 2017 · The BC Oil and Gas Commission(Commission) is the provincial, single-window regulatory agency with responsibilities for overseeing oil and gas operations in BC, including exploration, development, pipeline transportation and reclamation. The Commission regulates all oil and gas activities under the Oil and Gas Activities Act, including shale and ...

  6. Drilling & Production. The BCER regulates oil and gas activity and is responsive to changes in activity levels, in order to protect the integrity of B.C.’s environment and water resources. As technology evolves, average reserves per new well continues to increase, enabling drilling to replace and increase production with fewer new wells and ...

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  8. Canada was ranked as the fourth largest oil producer in the world in 2023. Footnote 1 Since 2013, Canada’s crude oil production has increased by 41%. Canadian oil production mainly comes from western Canada, which accounted for about 96% of total production in 2023. The remainder was produced mostly in Newfoundland and Labrador.

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  2. Canada's refineries are able to process nearly 2 million barrels of oil per day. Canada has 10% of the world’s oil reserves with refinery capacity of 2-million barrels/day

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