Crude oil production is forecast to increase in Alberta according to the latest data from the Canadian Association of Petroleum Producers.
President of the Grande Prairie Petroleum Association Rob Petrone says our region remains one of the busiest.
“We are bit of an anomaly, it’s not all over the province that’s for sure. You know down in the Lloydminster, Bonnyville area it is still very, I’d say depressed for lack of better words, you know not much going on there with the price of oil at $45 US per barrel.”
And he says it will continue to get busier with a couple process facilities being built in the future.
“We are sitting on top of a resource that’s one of the largest proven reserves in North America and there are companies that are starting to develop that and it’s exciting, it really is exciting for Grande Prairie, it’s exciting for the province, it’s exciting for the country, it really is.”
He says while activity is picking up, some companies are having a challenging time recruiting qualified workers.
By 2010, CAPP expects crude oil production to reach 5.12 million barrels per day. That is an increase of 33 per cent from current levels.