Perspective of growing

Considering:
·        The remaining established reserves in Canada (the latest available data as of December 2016) was recorded at 171.4 billion barrels of crude oil.
·        Oil sands production has exceeded conventional oil production since 2010.
·        In 2016, Canada has 1.5 million barrels per day of conventional oil production (including tight oil).
·        The 5 largest companies (Suncor, Canadian Natural Resources Limited, Imperial Oil, Husky and Cenovus) are responsible for over half of crude oil production in Canada.
·        Crude oil is produced across the country from coast to coast to coast.
·        In 2016, Alberta had the highest amount of crude oil production in Canada.
We believe that our market is all these giant and companies creating trust and support for any problem they could have.
Even do from 2011 to 2016 in western Canada, the number of oil wells completed has decreased from over 10,000 to less than 2,150, we can expand not only onshore, but also offshore and oil sands and grow up according good times come back.
This company believe in evolution not specialization in order to provide assessment either offshore or oil sands. Thus, first year it would be of create new customers, participate in conferences, seminar and big event such as global petroleum show in order to spread our brand and services that drilling companies could use.
Nevertheless, our evolution to different lines it is calculate at least in 5 years but the expansion would be humongous. Production from the Alberta oil sands is still in its early stages and the province's established bitumen resources will last for generations into the future. The Alberta Energy Regulator estimates that the province has 50 billion cubic metres (310,000 MMbbl) of ultimately recoverable bitumen resources. At the 2014 production rate of 366,300 cubic metres per day (2.3 Mbbl/d), they would last for about 375 years. 

Comments