Oil Production Hits New Record In Saskatchewan

Oil Production Hits New Record In Saskatchewan Economic Development Oil & Gas  Saskatchewan Oil & Gas Production

Oil production hit an all time high in Saskatchewan in 2012 with 172.9 million barrels of crude oil produced.

That number is up more than seven percent from 2011. On average oil production was 473,600 barrels per day which passes the previous record set in 2008 of 441,200 barrels per day.

The oil and gas industry is one of the most important in Saskatchewan.

Full Interview with Tim McMillan{mp3}timjan31{/mp3}”As far as driving investment to our province, the number of people working in the industry is substantial, and seeing these record numbers coming out this year with the industry facing some real challenges on pipeline capacity. I think it speaks to the strength of the industry and the strength of the resource we have here in our province,” said Minister responsible for Energy and Resources Tim McMillan.

Saskatchewan is the second largest oil producing province in Canada and creates 34,000 jobs directly and indirectly in the province.

“We see the communities that are heavily invested. Lloydminister, Estevan, Weyburn, Swift Current continue to see the growth and the reason that these types of investments are important to our communities,” added McMillan. “It means more kids in schools and more families to our province.”

The oil and gas sector is the largest contibutor to the provinces GDP, making up around 21 per cent.

via Local News http://www.swiftcurrentonline.com/index.php?option=com_content&view=article&id=21158:oil-production-hits-new-record-in-saskatchewan&catid=13:local-news&Itemid=355

One comment

  • “The oil and gas industry is one of the most important in Saskatchewan” The oil and gas industry plays a vital role in the economies of Communities in Southwest Saskatchewan.

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