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.
Responsible Oil & Gas Development
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.