Government of Saskatchewan ministries, Crown corporations and organizations are working to minimize the impacts of the postal service disruption.
Les ministères, les sociétés d’État et les organismes du gouvernement de la Saskatchewan travaillent à réduire au minimum les répercussions de l’interruption des services postaux.
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Released on May 7, 2007
New regulations come into effect today that will encourage more exploration of Saskatchewan’s oil sands and oil shale resources.
The new regulations have been developed after consultation with the industry and other jurisdictions, and are an update of regulations approved over 40 years ago. Under The Petroleum and Natural Gas Amendment Regulations 2007 oil sands and oil shale mineral rights will be available under the competitive bid and work commitment bid processes, respectively. The first ever bid process for crown oil sands and shale rights will occur along with the August 2007 land sale.
“We are optimistic about the potential for an oil sands and oil shale industry in the province,” Industry and Resources Minister Eric Cline said. “The regulations approved by the government today are competitive with Alberta, but are tailor-made to fit a Saskatchewan model in terms of land dispositions and what we consider a careful yet moderate approach to development of this resource.”
Previously issued oil sands and oil shale dispositions will continue to be administered under amended provisions to The Oil Shale Regulations, 1964 that have also been updated to today’s technical and economic realities.
Oil sands were identified in the province in the 1970s in an area north of the Primrose Lake Air Weapons Range but there has been limited interest until the last few years. One company has been drilling in the area north of the Clearwater River, and has reported encouraging results from the exploration. Exploration for oil shales in the Hudson Bay area of the province was conducted 40 years ago, and the area has seen renewed exploration by industry to evaluate the extent of the resource.
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For more information, contact:
Bob Ellis
Industry and Resources
Regina
Phone: 306-787-1691
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