<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1024408684314265&amp;ev=PageView&amp;noscript=1" alt="Asyma Solutions">

 

Business Management and Process Consulting Blog

Albertans are Superstars

Asyma Solutions Posted by Rob Greeno
Find me on: LinkedIn
Posted on January 14, 2014 at 5:40 AM

Why have Albertans earned such a solid reputation in the global community when it comes to the oil and gas production?

For one thing, they control about 81% of the energy resources in the province, making Alberta a key component to the growth of the Canadian economy. The providence’s largest gross domestic product, capital investments, and exports are energy development. They have, in addition, earned respected because the vast reserves in Alberta offer an array of challenges to producers and distribution channels due to the temperature extremes, remote distances, and permafrost conditions.

describe the imageThe industry also benefits from the Government of Alberta providing investments to push research and technology forward in order to drive sustainable energy production.

‘Oil sands’ twenty-five years out…

According to estimates by the Canadian Energy Research Institute, about $235 billion will be infused into new oil development over the next 25 years. This is because the bitumen – also known as asphalt – production in Alberta is expected to grow to 3.7 million barrels a day but 2021. With the current level of bitumen product being 1.7 million barrels a day, that is a sizable increased in less than 10 years.

Challenges facing the industry …

Because oil and gas mining/extraction is an outdoor event, environmental issues like land management, water and air quality, and conservationists will always be a critical element in the overall success of Alberta’s ongoing energy development. What’s more, there is always the possibility of new innovation in natural gas substitution as well as new ways to improve recovery and processing methods.

Another challenge is equipment for oil and gas drilling. As of 2012, over 8,000 equipment and service companies were in place in Alberta. This equipment must handle a host of challenges – as mentioned before, temperature extremes, remote distances, and permafrost conditions, etc. – not to mention the challenge of transporting the product.to handle a host of challenges in drilling for product and the logistics of transporting it.

read more about Alberta

 

Topics: Oil & Gas

Rob Greeno
Written by Rob Greeno

Rob Greeno graduated with a marketing diploma from Lethbridge Community College and a business management degree from Mayville State University. He has been with Asyma Solutions for over ten years. Rob meets with prospects to help them create the process needed to reach their biggest goals. He has a passion for providing businesses with systems and procedures that work the way they want and need. Rob’s goal is to catch the flaws before they have the potential to cause problems. When not working Rob likes hunting, skiing, camping, and spending lot's of time with his two sons.

How to Make Change Management Easier

Subscribe to Our Blog

Recent Posts

Posts by Topic

see all