Released on February 8, 2010
Energy investors will be drilling down into information about Saskatchewan opportunities this week in Houston, Texas during the global oil and gas industry's largest exploration and production expo.
NAPE 2010 (formerly North American Prospect Expo) takes place February 10-12 in Houston and will include several high-level meetings featuring representatives from one of the most important exporters of crude oil to the U.S. - the province of Saskatchewan.
"Saskatchewan has exactly the sort of infrastructure and resources the oil and gas industry needs, coupled with the real opportunities for investment the industry is looking for right now," Enterprise Minister Ken Cheveldayoff said. "This is a chance for us to be among our peers in the global energy producers and exporters market, to promote our economic assets and advantages and to show exactly what this province has to offer at every level."
According to the U.S. Energy Information Administration, in November 2009 Canada exported two million barrels of crude oil per day to the U.S. - more than twice the amount of Mexico, the second largest exporter of crude oil to the U.S. Saskatchewan is the second-largest producer of crude oil in Canada, and in any given year between 65-70 per cent of the province's oil production is exported to the U.S.
Planned activities for NAPE are co-hosted by Enterprise Saskatchewan and the Ministry of Energy and Resources. They include a business breakfast for selected delegates to learn more about the province and network with Saskatchewan business representatives, an information booth at the expo trade show, and meetings with media and private sector entities to raise awareness and potential interest in the Saskatchewan energy sector.
NAPE brings state-of-the-art prospects, advanced technology, and energy capital formation together in one location, creating a pure marketplace to establish strategic alliances for doing business and initiating purchases and trades.
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For more information, contact:
Jamie Shanks
Enterprise Saskatchewan
Regina
Phone: 306-798-0503
Email: jamie.shanks@enterprisesask.ca