IISA – Petroleum Industry Overview Part 1 – Upstream – Exploration & Drilling

July 18, 2023 | Last updated on September 10, 2024
1 min read

Petroleum industry activity has picked up considerably over the last three years, in part due to the increased price of crude oil. In 2023, 6,400 plus wells are expected to be drilled in Canada. Coupled with drilling for the development of Alternative Energy Sources, the petroleum industry continues to be a driving factor in our economy.

Part One of the Three part series will cover Upstream – Exploration and Drilling.

  • Exploration
  • Regulatory management
  • Drilling
  • Legal concepts
  • CGL Policy  – exclusions, oil and gas limitations