Saskatchewan has a wealth of resources and one of the most competitive business environments in North America. The Government of Saskatchewan is focused on advancing economic growth and creating opportunities in the province. As the primary regulatory authority for the oil and gas sector, the provincial government develops policies and regulations that are consistent, competitive and enable the responsible development of our natural resources.
Saskatchewan’s rich, diverse resource sectors are led by mining and oil and gas. With only 3% of the Canadian population, the province accounts for 36% of Canada’s primary energy production. Saskatchewan is one of the only places in the world that produces crude oil, natural gas, coal, uranium, biofuels, geothermal, wind and hydro power. Saskatchewan is Canada’s second–largest oil producing province and the sixth largest onshore producer in Canada and the United States. Saskatchewan is home to a significant portion of one of North America’s largest oil plays – the Bakken Formation.
The province is a leader in petroleum research and renewable energy, especially in the areas of enhanced oil recovery, horizontal well drilling and carbon capture utilization and storage technology.