Saskatchewan is hosting one of North America鈥檚 premier oil and gas trade shows and networking events this week.
Representatives from diverse areas of the petroleum industry will attend the 27th Williston Basin Petroleum Conference in Regina.
The conference鈥檚 focus is the significant oil-producing region that encompasses southern Saskatchewan, North and 小蓝视频 Dakota, Montana and Manitoba, which represents billions of dollars in combined economic activity.聽
The event, which takes place on an alternating basis with Bismarck, N.D., is hosted by the Saskatchewan Ministry of Energy and Resources and the Petroleum Technology Research Centre.
鈥淭he Williston Basin is a major component of Saskatchewan鈥檚 employment, innovation and economic prosperity,鈥� Energy and Resources Minister Bronwyn Eyre said. 鈥淩esource-based activity and investment are very important to our province. According to the 2018 Scotiabank Playbook, Saskatchewan had six of the top 20 oil and gas plays for return on investment, and the highest ranking play was Frobisher in the Williston Basin area.鈥�
The theme of this year鈥檚 conference, Saskatchewan Now, profiles opportunities for investment in Saskatchewan. On the agenda are business and technical sessions, including panel discussions focused on investment strategies, enhanced oil recovery, pipeline integrity and innovations in heavy, light and tight oil.
Saskatchewan produced almost 500,000 barrels of oil per day in 2018, ranking as the sixth-largest onshore oil-producing jurisdiction in North America. Competitive advantages have helped to attract $4.2 billion in private investment in Saskatchewan鈥檚 oil industry in 2017 and $4.5 billion in 2018. Combined, the province鈥檚 mining, and oil and gas industries generated a combined real GDP of more than $22 billion in 2018, accounting for more than 27 per cent of Saskatchewan鈥檚 total 2018 real GDP by industry.
