Canadian spending outlook for 2007 slightly depressed

Spending may be slightly depressed in Canada for 2007, relative to 2006, but $22 billion (Can.) will still drill many wells.ShellShell Canada announced aggressive capital expenditure plans of $4 billion in 2007, up nearly 50% from 2006. Nearly $1.1 billion will be spent on exploration and production, including $430 million in the foothills, $470 million on unconventional gas projects, $130 million in frontier areas, and $40 million for predevelopment studies for growth assets.One of the drilling projects associated with a “growth asset” is a 100-well, cold production program in the Peace River area.The increased funding can be partly attributed to the announcement by parent co...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected