This industry profile provides a five-year forecast for Canada’s Oil and Gas Support Activities Industry.
Canada’s Oil and Gas Support Activities Industry: Industrial Profile Spring 2013
Canada’s Oil and Gas Support Activities Industry: Industrial Profile Spring 2013
Industry Economic Analysis
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- Oil Production—There is a long list of oil sands projects slated to proceed over the forecast period, which will significantly boost drilling and the number of wells in operation.
- Natural Gas Prices—Prices are forecast to rise moderately going forward, but will remain well below their pre-recession peak.
- Pipeline Capacity—The current pipeline system will reach its maximum carrying capacity in the next few years. Additional transportation capacity is needed to narrow the current price discount against the benchmark WTI price.
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