Petroleum exploration and development opportunities in Manitoba

The productive areas of Manitoba are located along the northeastern flank of the Williston basin. Rocks of paleozoic, Mesozoic and Cenozoic age form a basin-ward thickening wedge of sedimentary strata that reach a total thickness of 2,300 m in the southwest corner of the province. A brief description is presented of the geology and reservoir characteristics of petroleum producing horizons in Manitoba. Manitoba's Crown land tenure system of leases and exploitation reservations is described and an overview of Manitoba's petroleum royalty and tax structure and incentive programs is presented. Exploration and development opportunities in Manitoba are outlined. There are numerous development drilling opportunities along the poorly defined edges of existing pools. Exploration opportunities exist in the Mississippian in the sparsely explored areas outside existing field boundaries. Deeper Devonian and Ordovician horizons, productive elsewhere in the Williston basin, remain relatively untested in Manitoba. An attractive, stable investment climate is created by: availability of land at comparatively low cost; a stable and competitive fiscal regime; incentive programs designed to enhance pay-out; low drilling density; relatively untested deep potential below the Mississippian; low drilling and completion costs; easy access to market; and competitive oil prices. 12 refs., 11 figs., 7 tabs