The environmental and financial challenges facing Canada’s oil producers—especially those in the oil sands or shale fields—are driving change. The industry is facing the double-barreled test of being one of the world’s highest cost producers operating in one of the toughest regulatory jurisdictions on earth. But innovation needs cash and involves risk.
Rather than reinvent the wheel to solve problems they share in common, oil and gas producers in Alberta fund the Petroleum Technology Alliance of Canada (PTAC) programs. Collaboration extends to other industry associations through the Alberta Upstream Petroleum Research Fund, which provides marketdriven research on the industry’s environmental footprint. The program is led by the Canadian Association of Petroleum Producers (CAPP) and the Explorers and Producers Association of Canada (EPAC). It is managed by PTAC, putting its president, SOHEIL ASGARPOUR, at the front of the industry’s battle to cut carbon and costs out of the barrel.
Soheil Asgarpour, president of the Petroleum Technology Alliance of Canada