Build­ing Con­fi­dence

Alberta Oil - - OBSERVER -

When Prime Min­is­ter Justin Trudeau vis­ited Cal­gary ear­lier this year to lis­ten to the oil in­dus­try, he met with the board of only one oil and gas or­ga­ni­za­tion, the Pe­tro­leum Ser­vices As­so­ci­a­tion of Canada (PSAC). It’s been a tu­mul­tuous 12 months for the sec­tor, with crash­ing oil prices, car­bon and cor­po­rate tax hikes, and a roy­alty re­view that aims to in­cent more ef­fi­cient pro­duc­tion. For the ser­vices sec­tor, it’s been a year of piv­ot­ing as pro­duc­ers pri­or­i­tize lower costs and higher ef­fi­ciency over speed of de­liv­ery. But it’s also pro­vided op­por­tu­ni­ties, such as go­ing over­seas to earn stronger U.S. dol­lars in new mar­kets, in­clud­ing In­dia, Iran, Mex­ico and Colom­bia. The drive to re­duce en­vi­ron­men­tal im­pacts and slash pro­duc­tion costs is both an op­por­tu­nity and a chal­lenge. Build­ing pipe­lines to tide­wa­ter means build­ing con­fi­dence in the in­dus­try’s tech­nol­ogy, reg­u­la­tors and en­vi­ron­men­tal per­for­mance dur­ing a time of un­prece­dented push­back by provinces and mu­nic­i­pal­i­ties both east and west. As the CEO of PSAC, MARK SALKELD is at the fore­front of those chal­lenges dur­ing th­ese tur­bu­lent times.

Mark Salkeld, CEO of the Pe­tro­leum Ser­vices As­so­ci­a­tion of Canada

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