SEARCH   
MEMBER LOGIN    

Oil Drilling & Gas Extraction in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Oil Drilling & Gas Extraction in Canada Market Research Report | NAICS 21111CA | Jan 2016

Crude awakening: Volatile oil prices hinder growth, but new extraction technology presents opportunity

IBISWorld’s Oil Drilling & Gas Extraction market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$100bn
Annual Growth 11-16
-4.9%
Annual Growth 16-21
Add to Cart
Profit
Add to Cart
Employment
48,827
Businesses
4,258
Industry Analysis & Industry Trends

The Oil Drilling and Gas Extraction industry has recently entered a boom, which has largely been encouraged by technological improvements that have enabled the development of Alberta's oil sands. Increased production over the past five years has led to consistent revenue growth, though a sharp decline is the world price of crude oil is caused a contraction of revenue in 2015. Still, the size of Canada's proven oil reserves trails only Saudi Arabia and Venezuela, and continued production of the oil sands and offshore resources will spur overall growth through 2021, despite weakening prices in the short term. Additionally, improvements in the US economy, the industry's largest international market, are expected to boost export revenue in the next five years... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Oil Drilling and Gas Extraction industry in Canada is in the mature stage of its life cycle. Industry value added, a measure of the industry's contribution to the overall economy, is expected to grow at an annualized rate of 0.7% over the 10 years to 2021; significantly slower than the projected 1.9% average annual growth of the Canadian economy overall. Although IVA growth is significantly slower than that of overall GDP, the industry maintains several characteristics that define a mature industry. For example, growth in the number of industry operators is expected to slow as companies delay expansion activities in light of growing cost pressures... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Oil Drilling & Gas Extraction Industry?

Companies in this industry operate and develop oil and gas field properties. Activities include the exploration and production of crude petroleum; the mining and extraction of oil from oil shale and oil sands; the exploration and production of natural gas; sulfur recovery from natural gas; and recovery of hydrocarbon liquids. Companies may operate oil and gas wells on their own account or for others on a contract or fee basis.

Industry Products
Crude oilNatural gas
 
Industry Activities
Oil extractionNatural gas extractionExploration of crude oil and natural gas


View Sample
Quote
Select Clients