Albertans own 81% of the province’s energy resources. These resources are the backbone of the provincial economy and a vital element of Canada’s economy. Millions of dollars are invested each year by both government and industry to advance research and technological innovations for enhancing the sustainable development of energy resources.
Alberta is home to the third largest crude oil resource in the world. The majority of the resource is found in Alberta’s oil sands with proven reserves of over 170 billion barrels of bitumen that can be economically extracted using current technologies. As new technologies are developed, the ultimate potential for bitumen reserves could increase significantly to over 300 billion barrels of bitumen supply.
Through advancements made in technology and innovation, businesses in the oil and gas sectors position themselves to become vital suppliers of technologies and services to help the industry remain competitive and environmentally aware.
Success Stories
Tankstore Ltd., in Halkirk, Alberta, is a privately owned company that specializes in the manufacture of oilfield storage tanks, both single and double-walled. The size of these tanks range from small methanol tanks to 750 bbl production tanks.
Global Fusion Coating Inc., originating as a small coating shop in Wainwright, Alberta, has now grown into a large corporation with operating facilities in Wainwright, Leduc, and Medicine Hat. Global Fusion prides itself on being a specialist in applying protective coatings to internals and externals of pipe spooling and small vessels for the oil and gas and municipal water market segments.
