Natural Gas & Oil

  

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Petroleum & Natural Gas Geoscience

A branch of economic geology, petroleum geoscience studies the origin, migration and accumulation of oil and gas, particularly for the discovery and development of profitable deposits.

Petroleum & Natural Gas Tenure

The majority of subsurface petroleum and natural gas resources in British Columbia are owned by the Province. By entering into a tenure agreement with the Province, private industry can develop these resources.

Petroleum and Natural Gas Royalties

The Province collects royalties on oil and gas production. These royalties support  British Columbia’s economic prosperity while ensuring that producers receive a fair return on their investments

Statistics

The Northeast is the only area of B.C. producing commercial quantities of oil and gas.