OVER­SEAS VEN­TURES

Our top picks for the best foreign mar­kets for Canada’s en­ergy ser­vices sec­tor

Alberta Oil - - REPORT ON - By Al­berta Oil Staff

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.

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