The upstream and midstream petroleum industry directly and indirectly employs more than 530,000 across Canada. From its humble beginnings in 1858 near Petrolia, Ontario, the Canadian oil and gas industry has grown to become a cornerstone of the Canadian economy. While many people have heard of the oil sands in Alberta, there are less well-known projects across the country. There are four offshore oil projects in Newfoundland and Labrador, with another coming on stream in 2017. There are two offshore natural gas projects in Nova Scotia. In Manitoba oil production has nearly tripled with the application of horizontal hydraulic fracturing. The Canadian petroleum industry offers people many options and opportunities - working outdoors or inside, wearing a hard hat or a suit, travel or staying home.
Canada has the third-largest proven oil reserve in the world at 171 billion barrels. There are five billion barrels of conventional, offshore and tight oil formations and the remaining 166 billion barrels in the oil sands. Canada is the fifth-largest producer of natural gas, and our natural gas supply exceeds our domestic consumption.