“Particularly as the oil industry continues to grow, so that it’s covering a larger and larger area, and wildfire activity continues to increase,” he said. Johnston added that he believes wildfire is becoming a significant risk to the Canadian oil and gas sector.
There’s nothing to say this won’t get worse.” “But it is very dry, and there are wildfires all over the place.
“This so far is being seen as temporary - it’s not a replay of 2016,” Johnston said. That event resulted in a temporary 14-per-cent decline of crude oil exports from Alberta as oilsands facilities had to be taken off-line and were not fully restored for several months.Īccording to the Canada Energy Regulator, the Fort McMurray wildfire in May 2016 resulted in oilsands production losses as high as one million barrels per day at the height of the disaster. While it’s possible the number could already be as high as 185,000 barrels of oil equivalent per day, Johnston said, that’s a much smaller impact than was felt as a result of the Fort McMurray wildfire in 2016 The wildfire situation in Alberta is evolving rapidly and there are no official volume estimates for how much oil and gas production has been curtailed, said Rory Johnston, a Toronto-based energy analyst and founder of the Commodity Context newsletter. The Trans Mountain pipeline itself, and the expansion project under construction, have not been affected.
said it has deployed a perimeter sprinkler system at its Edson pump station as a protective measure. said it has shut down two compressor stations on its Nova Gas Transmission Ltd. The company later said in a press release that approximately 85,000 barrels of oil equivalent per day of production has been impacted in the company’s Rainbow Lake, Kaybob-Edson, Elmworth-Wapiti and Clearwater operating areas. said in an email it has safely shut in production and brought plants down in some areas of its conventional business. Tourmaline has shut down nine gas processing facilities in the region.Ĭenovus Energy Inc. Tourmaline Oil Corp., Canada’s largest natural gas producer, said Monday members of its staff and their families have been pulled out from certain facilities and homes in the Edson area. said on Sunday its operations in the Grande Prairie and Kaybob regions in Alberta are being affected and that it has temporarily curtailed about 50,000 barrels per day of production. has shut in about 30,000 barrels per day of production, while Paramount Resources Ltd. “This precautionary measure is being taken by the company to protect the safety of its staff, the community, environment and its assets,” Crescent Point said in a news release. Crescent Point Energy Corp., which has significant operations in the Kaybob Duvernay light oil play, said Monday it has temporarily shut in production of approximately 45,000 barrels of oil equivalent per day in the affected areas.
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