In 2006, we produced 616 million cubic feet per day (MMcf/d) of natural gas (102,700 boe/d) and 14,200 barrels per day (b/d) of crude oil and NGL.

North American Natural Gas Strategy

We are positioning North American Natural Gas for long term growth.

• We are shifting to more unconventional production, targeting 50% of production from unconventional sources by 2010.
• We are advancing long-term supply opportunities, including an increased focus on exploration and building land positions in Alaska and the Mackenzie Delta and Corridor in advance of pipeline developments.
• We are developing plans for a liquefied natural gas (LNG) re-gasification plant in Quebec, jointly with TransCanada PipeLines Limited. This project links to efforts in our International business unit to establish LNG supply arrangements to Russia.

View our company-wide business strategy

Areas of Operation and Development

Western Canada

Petro-Canada currently spends $500 - $700 million annually on exploration and development activities to optimize existing assets in Western Canada.

Learn more about our Western Canada operations

U.S. Rockies

In 2004, Petro-Canada acquired assets in the U.S. Rockies region to strengthen our North American gas business and bolster our unconventional gas production capabilities.

Learn more about our U.S. Rockies operations

Northern Frontier

We have invested in northern frontier areas, such as the Mackenzie Delta and Corridor in the Northwest Territories, and Alaska, where eventual production is contingent on further exploration and the development of infrastructure.

Learn more about our northern frontier investments
 
LNG

Petro-Canada, in partnership with TransCanada, is proposing to develop and construct a LNG import terminal at Gros Cacouna, Quebec, near Rivière-du- Loup.

Learn more about our LNG project