... and government in the 1950's indicated that the region has potential to be a major petroleum province. As a result, the petroleum industry started exploration in the region. The first well was drilled by Amoco and Imperial Oil in 1966. Since that time, companies drilling off the coast of Newfoundland...

... Abstract There are currently almost as many definitions for reserves as there are evaluators, oil and gas companies, financial agencies, securities commissions, and government departments. Each one uses its own version of the definitions for its own purposes. But today, with the unstable...

..., impediments/facilitators, and initiatives. Three planning phases were established: Directional Planning, Strategic Planning, and Tactical Planning. The areas of concern were divided into functional groupings: Application Process, Legislation, and Requirements, Advisory to Government, Data...

.... Whether we continue to develop the oilsands is, in my mind, dependent upon three things: industry performance; political vision; and pushing the limits of what technology can accomplish. Government can also playa critical role in the policy area. With the long lead times required for successful oil sands...

... submissions to regulatory authorities. Introduction The acidification of soil, as a potential consequence of sour gas processing operations, has been of concern to industry and government in Alberta for some 20 years. While fears of groundwater pollution from trace elements, thought to be released from...

.... However, these constraintsare gradually being removed and in the process the spread of natural gas fieldprices paid in Canada will narrow. Introduction In the 1985 Agreement on Natural Gas Markets and Prices, the Federal Government and the Provincial Governments of British Columbia, Alberta...

... implications of these results for both industry and governments. Inherent Problems The determination of finding cost should be a simple calculation: the total exploration costs incurred in discovering reserves divided by the total reserves discovered. However, this simplicity is immediately lost when one...

.... Service and Finance sectors will lead the growth potential in future Alberta economic activities if both Governments and industries can meet the market challenge, in which market opportunities and diversifications in services, finance, manufacturing and trade are necessary ingredients. Under reasonable...

... Abstract Plans for a temporary harbour on the Yukon's north coast for Gulf Canada Resources Inc. were cancelled due to an extended government review process. This process was prolonged primarily because of the political controversy sparked by the proposal. Land-use applications in the north...

... Abstract In order to obtain the necessary Federal Government environmental clearance for exploration drilling in the Southern Davis Strait area the primary permit holders of this offshore region have in consultation with the Department of Indian and Northern Affairs undertaken a substantial...

... companies being forced to justify their reserve projections, profits and activities to a disbelieving public, while governments strove to corral reserves and resource revenues in the face of ambiguous, overlapping and sometimes contradictory laws of the land. In Canada, Alberta sought to improve its...

... the federal and provincial governments and to an equal extent for the developers. The task of exploiting this great potential is very difficult and to date only one commercialmining project is in operation, producing some 50,000 barrels of oil per day. There are no commercial in situ projectscurrently...

... to provide guidance to bothlessors and lessees by defining the basis and limitations of the assessment andappeal procedures. INTRODUCTION The Freehold Mineral Taxation Act (1) enacted by the Government of the Provinceof Alberta, Canada provides that the owner of every producing Freehold mineralland title...

... with a wide variety of governments and minority groups around the world. In general, the petroleum industry has been successful in dealing with these problems and has built up considerable expertise in handling the many social and political problems that always surround petroleum development. In the cases...

... of the Shell Holdings, for which they paid compensation. Until the ousting of President Sukarno in 1966, foreign companies were not encouraged to invest in Indonesia; however, the new Government under President Suharto rapidly reversed this policy. Table 1. shows the recent leasing history in Indonesia...

... with the host Governments intensified fears of continued price cutting. In September 1960 delegates of Iran, Iraq, Kuwait, Saudi Arabia and Venezuela voted to create the Organization of Petroleum Exporting Countries. The cut in crude oil price in 1959 and 1960 in addition to devaluation of the world reserve...