2019 to bring more drilling, new propane exports

There was little new drilling activity in the natural gas fields of B.C. in recent years, but towards the end of 2018, Petronas, through its Canadian subsidiary Progress Energy, moved a drilling rig into Northeast B.C. to begin a new gas well drilling program. Progress owns a 25% stake in the LNG Canada project.

“They’ve now got one rig going non-stop, and they plan to add to that over the next year to go to two rigs,” said Dan Allan, president of the Canadian Society for Unconventional Resources..

article continues below

“That’s a very a positive sign, when everybody else has been slowing down their activity.”

Some of the investments in the Montney formation in northeastern B.C. in recent years have had less to do with LNG and more to do with natural gas liquids – condensate, light oil and propane.

AltaGas Ltd., for example, cancelled its Douglas Channel LNG project and instead focused on propane.

The company has been building a new propane export terminal in Prince Rupert, at a cost of $400 million to $500 million. The new Ridley Island Propane Export Terminal is expected to begin exporting propane in the first quarter of 2019.

© Copyright Alaska Highway News

Read more from the Business in Vancouver

Comments

NOTE: To post a comment you must have an account with at least one of the following services: Disqus, Facebook, Twitter, Google+ You may then login using your account credentials for that service. If you do not already have an account you may register a new profile with Disqus by first clicking the "Post as" button and then the link: "Don't have one? Register a new profile".

The Alaska Highway News welcomes your opinions and comments. We do not allow personal attacks, offensive language or unsubstantiated allegations. We reserve the right to edit comments for length, style, legality and taste and reproduce them in print, electronic or otherwise. For further information, please contact the editor or publisher, or see our Terms and Conditions.

comments powered by Disqus
Sign Up for our Newsletter!

Popular News

Lowest Gas Prices in Chetwynd, Dawson Creek, Fort Nelson, Fort St John, Tumbler Ridge
British Columbia Gas Prices provided by GasBuddy.com

Community Event Calendar


Find out what's happening in your community and submit your own local events.