Industry Growth
Canada is fortunate to have massive oil and gas resources. Due to increased demand for fuel, changes in the global marketplace and advances in technology, Canada's petroleum business is active and growing.
This phenomenal growth is expected to continue for years to come, making the choice of a career in oil and gas a real investment in your future. In fact, the oil sands region is currently expected to double its employment levels within the next 10 years. According to the Canadian Association of Petroleum Producers, Canada's oil sands production will reach 4.0 million barrels a day by 2020, accounting for more than 80% of Canadian crude production.
In 2006, more than 23,000 oil and gas wells were drilled across Canada. That record number may or may not be reached again, but it is clear that many thousands of wells will continue to be drilled in Canada in the years to come.
Many organizations forecast oil and gas activity in Canada. Visit these sites for more information on the future of this industry:
