Arctic Canada upstream summary Report

Country Report 30 December 2024

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Report summary

Despite its large resource base, the Arctic region is one of the least active in Canada in terms of exploration and development. A lack of infrastructure, a harsh operating environment and seasonal access, combined with current commodity prices has resulted in a significant stall in activity. Both offshore and onshore areas have been leased in pursuit of the vast Arctic resources, including the Canol and Hare-Indian shales. Major players in the area have all recently announced the suspension of exploratory drilling and development of their respective acreages for the foreseeable future. The Mackenzie Delta Producers Group is investigating the possibility of developing the three largest fields in the Mackenzie Delta, which together hold reserves of 6.3 tcf of gas. These fields would serve as the anchors for the proposed Mackenzie Pipeline project. If it proceeds as estimated in 2026, the project would foster further investment and development in Arctic Canada.

Executive summary
- Offshore Activity
- Onshore Activity
Key facts
Location maps
Key companies
Geology
- Introduction
- Southern Territories and Southeastern Yukon
  - Source Rocks
  - Reservoir Rocks
  - Cap Rock
  - Trapping Mechanism
- Mackenzie Plain
  - Source
  - Reservoir Rocks
  - Cap Rock
  - Trapping Mechanism
- Peel Plain and Plateau
  - Source Rocks
  - Reservoir Rocks
  - Cap Rock
  - Trapping Mechanism
- Great Bear Basin
  - Source Rock
  - Reservoir Rock
  - Cap Rock
  - Trapping Mechanism
- Northern Yukon
  - Eagle Plain Basin
  - Source Rock
  - Reservoir Rock
  - Cap Rock
  - Trapping Mechanism
- Whitehorse Basin
  - Source Rock
  - Reservoir Rock
  - Cap Rocks
  - Trapping Mechanism
- Mackenzie Delta and Beaufort Sea
- 3 more item(s)...
Exploration
- Licensing
- Lease Sale Activity
- Arctic Islands of Nunavut
  - 2014-2024
  - 2013
  - 2010-2012
  - 2002-2009
  - 2001
- Mackenzie Delta-Beaufort Sea
  - 2015-2024
  - 2014
  - 2013
  - 2012
  - 2011
  - 2010
  - 2009
  - 2008
  - 10 more item(s)...
- Central Mackenzie Valley
  - 2016-2024
  - 2014-2015
  - 2013
  - 2012
  - 2011
  - 2010
  - 2009
  - 2008
  - 11 more item(s)...
- Southern Northwest Territories
  - 2007-2024
  - 2006
  - 2004
  - 2003
  - 1996
  - 1994
- Yukon
  - 2018-2019
  - 2017
  - 2016
  - 2014-2015
  - 2013
  - 2011-2012
  - 2010
  - 2009
  - 5 more item(s)...
- Drilling
  - Drilling activity
  - Arctic Islands of Nunavut
  - Mackenzie Delta-Beaufort Sea
  - Northwest Territories
  - Yukon
  - Success rates
Reserves and resources
- Northwest Territories
- Beaufort Sea and Mackenzie Delta
- Arctic Islands
- Yukon
Production
- Oil/Liquids
- Gas
Infrastructure
- Introduction
- Oil infrastructure
  - Northwest Territories
  - Yukon
  - Arctic Islands
  - Beaufort Sea-Mackenzie Delta
- Gas infrastructure
  - Northwest Territories
  - Yukon
  - Arctic Islands
  - Beaufort Sea-Mackenzie Delta
Costs
- Introduction
- Capital costs
  - Capital expenditure by location
- Operating costs
  - Operating expenditure by location
Policy and regulation
- Regulatory body
- Licensing
Fiscal terms
- Overview
- Upstream
  - Pipelines
  - Gas Utilisation
- Current fiscal terms
- Participation Rate
- Bonuses, rentals and fees
- Royalty and other production taxes
  - Royalty
  - Contractor Revenue Entitlement
  - Product Pricing
- Corporate (or Petroleum) Income Tax
  - Tax Rate
  - Local Income Tax
  - Taxable Income
  - Resource Allowance
  - Fiscal/Contractual Ring-Fences
- Sample Cash Flow
- 4 more item(s)...