The Upstream Oilfield Services Industry in Western Canada · PDF file Digital technologies....

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Transcript of The Upstream Oilfield Services Industry in Western Canada · PDF file Digital technologies....

  • The Upstream Oilfield Services Industry in Western Canada A Backgrounder

    Your lawyer. Your law �rm. Your business advisor.

  • © Bennett Jones LLP 2016

    www.bennettjones.com

  • The Upstream Oil�eld Services Industry in Western Canada - A Backgrounder i

    Table of Contents Preface .......................................................................................................................................................................................... ii Current Industry Opportunities ............................................................................................................................................ iii

    Enhanced Oil Recovery ........................................................................................................................................................................................................................... iii Unconventional Plays .............................................................................................................................................................................................................................. iii Technology ................................................................................................................................................................................................................................................... iv Integration ..................................................................................................................................................................................................................................................... v Lique�ed Natural Gas Exports ............................................................................................................................................................................................................... v Environmental Services ............................................................................................................................................................................................................................ v Export of Services/Manufactured Products/Technology .......................................................................................................................................................... vi

    Introduction ................................................................................................................................................................................1 General ............................................................................................................................................................................................................................................................ 1

    Upstream ........................................................................................................................................................................................................................................... 1 Midstream ......................................................................................................................................................................................................................................... 1 Downstream .................................................................................................................................................................................................................................... 1

    Illustrative Principal Activities ................................................................................................................................................................................................................ 2

    The Upstream Oil�eld Services Industry ..............................................................................................................................3 Activities ......................................................................................................................................................................................................................................................... 3 Industry Characteristics............................................................................................................................................................................................................................ 3

    Organization .................................................................................................................................................................................................................................... 3 Competition ..................................................................................................................................................................................................................................... 4 Drivers ................................................................................................................................................................................................................................................. 4 Volatility ............................................................................................................................................................................................................................................. 4 Technology and Innovation ....................................................................................................................................................................................................... 5

    Geophysical Services ................................................................................................................................................................7 Subsector Overview .................................................................................................................................................................................................................................. 7 Secondary Subsectors and Activities ................................................................................................................................................................................................. 7

    Data Acquisition ............................................................................................................................................................................................................................. 7 Data Processing and Interpretation ....................................................................................................................................................................................... 8 Data Management, Marketing and Licensing .................................................................................................................................................................... 8

    Illustrative Services and Equipment.................................................................................................................................................................................................... 8

    Drilling and Drilling Support Services ..................................................................................................................................9 Subsector Overview .................................................................................................................................................................................................................................. 9 Secondary Subsectors and Activities ...............................................................................................................................................................................................10

    Drilling ..............................................................................................................................................................................................................................................10 Drilling Support Services ..........................................................................................................................................................................................................11

    The Oil Sands ..............................................................................................................................................................................................................................................13 Illustrative Services and Equipment..................................................................................................................................................................................................13

    Completion and Production Services .................................................................................................................................15 Subsector Overview ................................................................................................................................................................................................................................15 Secondary Subsectors and Activities ...............................................................................................................................................................................................16

    Completion Services ...................................................................................................................................................................................................................16 Production Services ....................................