Saskatchewan wants to increase its oil production by 25%

The Saskatchewan government announced Tuesday that it would take steps to increase the province’s oil production by 25%. This maneuver, however, worries environmental defenders.

The provincial government has unveiled a multi-branched well drilling program to accomplish this mission.

According to him, this program will create a competitive royalty regime and encourage the use of horizontal oil wells, while attracting more investors to the province.

% to reach 600000barrels per day”,”text”:”This innovative technique […] will increase oil production by 25% to reach 600,000 barrels per day”}}”>This innovative technique […] will increase oil production by 25% to 600,000 barrels per daysupports Jim Reiter, the provincial minister of Natural Resources.

Our new program will increase provincial revenues so we can continue to invest in classrooms, health care, and communities.

Through this program, a single well will have access to a larger part of the oil deposit.

The Ministry of Energy and Resources estimates that this plan will allow between 100 and 200 additional wells to be drilled per year in the province.

The president of the Canadian Association of Petroleum Producers, Lisa Béton, welcomes this provincial announcement.

Competition for capital investment is fierce and Saskatchewan’s plan to modernize the royalty regime to recognize the use of new drilling technologies creates an appropriate policy environment to attract investment to the provincesays Lisa Baiton.

Concerned environmental defenders

Saskatchewan Environmental Society board member Peter Prebble said he was troubled by the announcement.

He says the Saskatchewan government continues to ignore the effects of climate change, despite the visible consequences.

Peter Prebble, among other things, referred to the fact that the province experienced one of the worst forest fire seasons last year, with 494 fires and 1.9 million hectares of land burning.

I don’t know how many messages the Saskatchewan government needs to receive to understand that we are currently in a climate emergency.

Peter Prebble says he is exasperated to see that the provincial government continues to ignore these realities.

to maintain a temperature increase limit of 1.5degree, in accordance with carbon neutrality trajectories”,”text”:”We believe this is completely contrary to the commitment of Canada and the G7 countries to maintain a limit of temperature increase at 1.5 degrees, in accordance to carbon neutrality trajectories”}}”>We believe this is completely contrary to the commitment of Canada and the G7 countries to maintain a temperature increase limit of 1.5 degrees, in line with carbon neutrality trajectories.he says.

Saskatchewan government not taking climate change seriously, says Peter Prebble which poses a major threat to the future of human civilization.

The oil sector is one of Saskatchewan’s largest industries, according to the provincial government.

Saskatchewan is the second largest oil producing province in Canada and generates more than 26,000 jobs.