Our top picks for the best foreign markets for Canada’s energy services sector
CANADIAN ENERGY SERVICE COMPANIES
are ripe for the export market. They are known around the world for their leading technology and practices, and many foreign jurisdictions actively seek out Canadian expertise in developing their natural resources. And, as more countries open their doors to foreign investment, the appetite for Canadian energy services is likely to grow in lockstep with overseas energy development.
These companies are already well-established in the international market. A report released in 2015 by the Petroleum Services Association of Canada (PSAC) found that among the 42 Canadian companies surveyed, a total of $42 billion in revenue came from international markets in 2014, a 21 percent rise from a year earlier. In fact, international revenues accounted for nearly the same portion of revenues as those generated domestically, according to the report. We thought it was worth highlighting some of the best prospective foreign jurisdictions for service companies— those countries with the most production potential, the greatest willingness to partner with Canadian firms and the strongest logistical advantages.