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Industry Overview
Canada is the world’s 7th largest producer of oil and 3rd largest producer of natural gas. Canada’s oil reserves are second only to Saudi Arabia and there is tremendous potential for unconventional sources of natural gas. The industry invested $50 billion in 2007 & 2008 and is the largest single private investor in Canada making up 25% of the value on the Toronto Stock Exchange. It paid $24 billion to governments in 2007.
The petroleum industry is traditionally divided into three categories: upstream, midstream and downstream. The upstream industry involves the exploration for and production of crude oil and natural gas. Canada also has midstream (processing, storage and transportation) and downstream (refining, marketing and distribution) industries. With a total employment impact of 500,000 jobs (direct, indirect and induced), upstream oil and gas companies are significant contributors to the Canadian economy.
Land Administration is involved in the upstream and midstream portions of the industry and it is critical for the strategic success of a company. You cannot drill a well without having the right to develop the related mineral rights or surface rights for the wellsite and access road. You cannot build a pipeline, gas plant or power transmission line without the related surface rights. The role of Land Administration is to manage and administer these rights, related agreements, data, contractual obligations, and regulatory compliance to support corporate strategies and optimize value throughout the Pre-Acquisition, Acquisition, Maintenance and Relinquishment phases of the Land asset life cycle.
Land Administration is a very rewarding career for people who like a challenge, pay attention to detail and are a team player. There are numerous opportunities for personal growth and skill development.