SK OIL AND GAS ADVANTAGE TOUTED AT GLOBAL PETROLEUM SHOW

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SASKATCHEWAN OIL AND GAS ADVANTAGE TOUTED AT GLOBAL PETROLEUM SHOW

[ http://www.saskatchewan.ca/government/n ... oleum-show ]

Released on June 8, 2015

Saskatchewan’s strength as an oil and gas producer and the province’s welcoming investment climate will be promoted this week at the Global Petroleum Show.

Taking place in Calgary from June 9–11, the Global Petroleum Show is one of world’s premiere oil and gas trade shows. It showcases cutting-edge innovations and technological expertise, and provides a forum for the leading players in the energy industry to discuss and assess investment opportunities.

“Our resource industries drive economic growth in our province, and our government has worked hard to maintain an operating environment that is one of the most attractive in the world,” Economy Minister Bill Boyd said. “As a result, Saskatchewan is a top choice for conventional oil producers in Canada, offering competitive royalty regimes, record infrastructure investments, and new head office and tax incentives for manufacturing and processing industries.”

Boyd is participating in several events at the show, including a panel discussion on the topic of competitiveness and a business reception intended to connect Saskatchewan service providers to industry decision-makers. Additional presentations and networking events will feature details on Saskatchewan’s significant petroleum potential and supply chain opportunities.

“A strong oil and gas industry relies on a robust supply chain to service that industry, and we are very fortunate in Saskatchewan because we have one of the best,” Boyd said. “Our government is fully committed to working with these and other associations and businesses to further develop business opportunities and growth in Saskatchewan.”

Saskatchewan is Canada’s second-largest oil producer. Oil and gas accounts for more than 15 per cent of Saskatchewan’s $61 billion real GDP, and supports approximately 38,000 jobs in the province.

Oil production in 2014 reached an all-time high of more than 515,000 barrels a day on average—good enough to push Saskatchewan past Alaska to become the fifth highest producing jurisdiction in North America. -30-

For more information, contact:

Jamie Shanks, Economy
Regina
Phone: 306-787-2202
Email: jamie.shanks@gov.sk.ca


Kathy Young, Executive Council
Regina
Phone: 306-787-0425
Email: kathy.young@gov.sk.ca
Cell: 306-526-8927