CALGARY (June 11, 2015) – Minister of Industry, Tourism and Investment David Ramsay was in Calgary this morning to speak and meet with investors and oil and gas industry stakeholders at the Global Petroleum Show.
“The NWT is recognized for our world-class inventory of energy resources,” the Minister told delegates in a presentation this morning. “The world is looking for a reliable supply of energy resources, and the NWT is the next frontier. Our territory’s robust reserves of oil, gas and natural gas liquids may be one of the best new sources of energy for this growing demand.”
The Global Petroleum Show is one of the largest oil and gas industry events in the world, bringing over 50,000 attendees together. This year’s theme is Reimagine, Reinvent, and Reposition. Delegates were particularly interested in learning more about research confirming that the Canol and Bluefish Shale fields in the Central Mackenzie Valley could contain as much as 191 billion barrels of oil.
“We are taking this time to get our house in order, building the partnerships and the infrastructure so they will be in place when prices recover,” said Minister Ramsay. “When development occurs, we want our people, communities and businesses positioned to seize the opportunities that will come.”
The Minister’s presence and presentation at the Global Petroleum Show today serves to advance the 17th Legislative Assembly’s goal of strong and independent north built on partnerships. New partnerships will allow for increased investment in NWT infrastructure and form the backbone of economic development for decades.
Media inquiries:
Roya Grinsted
Cabinet Communications
Government of the Northwest Territories
Tel: 867-669-2308
Email: roya_grinsted@gov.nt.ca