Curtailment: Perspectives of a Witness and Oft-times Prognosticator
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2019-10-18
When: Friday October 18-2019
7:30-9:00 am
Where: Calgary Petroleum Club
319 5 Ave SW
Calgary, Alberta  T2P 0L5
Canada
Contact: Jill Sugars
403-269-1755 ext 300


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Abstract:

On December 2, 2018, the Alberta Government announced oil production curtailment for 2019 in order to “ensure economical development in the public interest” in response to egress limitations and a dramatic drop in Canadian oil prices in October and November.  On August 20, 2019 the Alberta Government announced the extension of curtailment through to the end of 2020 as a result of continued pipeline delays, most notably the one year delay to Enbridge’s Line 3 Replacement Project.  This presentation will provide an overview of the trigger, a synopsis of the evolution of curtailment and views on intended and unintended consequences including the potential characterization of winners and losers.      

 

Bio:

Caralyn, Executive Vice President and Chief Strategy Officer for GLJ Petroleum Consultants, is known for sharing her expertise in reserves and resource governance, emerging technologies and business strategies.  She is a passionate advocate for excellence and progressing energy industry initiatives to responsibly meet the needs of society through incremental improvement and disruptive step-change.  Caralyn’s conviction to collaboration, continuous improvement and innovation extends to her work as an active committee member of the Petroleum Advisory Committee to the Alberta Securities Commission, the Industrial Curricular Advisor Committee, Department of Civil and Environmental Engineering for the University of Waterloo and the Membership and Recognition Committee of the Society of Petroleum Engineering Calgary Section.  She also resides as the President of the Canadian Heavy Oil Association, sits on the board of the Canadian Society of Unconventional Resources and holds a degree in Geological Engineering from the University of Waterloo.   

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Canadian Heavy Oil Association
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Calgary, Alberta T2G 0V9