Alberta wildfires hurt Canadian oil output
A series of wildfires in Canada's oil-rich province of Alberta have forced several major oil and gas producers to halt operations in the region, and shut off over 200,000 b/d of oil equivalent from the market.
PHOTO: A wildfire in the Anzac area near Fort McMurray in Alberta province of Canada. Twitter of @AlbertaWildfire
Pipestone Energy has halted around 20,000 b/d of oil equivalent since Friday. According to the company, there has not been “significant damage or loss to its owned or third-party infrastructure.”
The wildfires forced Vermilion Energy to shut down production of about 30,000 b/d in the west central Alberta region. The company revealed that initial assessments showed “minimal damage to our key infrastructure.”
Crescent Point Energy halted production of around 45,000 b/d in Alberta's Kaybob Duvernay basin. There has not been any infrastructure damage, it said in a statement.
NuVista Energy temporarily suspended production of 40,000 b/d after it "depressured all operations proximal to the ongoing fires" in the Grande Prairie region in northwest Alberta.
Tourmaline Oil shut down nine gas processing facilities in the South and West Deep Basins for safety reasons this week due to raging wildfires in Calgary, Alberta. No infrastructure damage has been reported.
According to TC Energy, it halted three compressor stations on its Nova Gas Transmission system, which is located closest to the active wildfires in western Alberta. Other sections of the system and other networks remain operational, says the company.
The wildfires impacted Paramount Resources’ operations in Grande Prairie and Kaybob Regions across Alberta. The petroleum company briefly ceased production equivalent to around 50,000 b/d of oil. According to the company, there has not been “significant damage or loss to its owned or third-party infrastructure.”
Baytex Energy paused production of around 10,000 b/d – out of which 70% is crude oil - in western and northwest Alberta. The company says that “60% of the curtailed volumes remain on-line and are producing into inventory.”
Most of the companies are unable to estimate when they will resume production.
By Konica Bhatt
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