Oil And Gas Production In Canada

Oil and Gas production take a major part in many countries economies, including Canada. According to [6], mining quarrying and oil or gas extraction takes 8% of Canada’s GDP. Canada is the fifth largest oil producing country in the world. The country's three largest integrated refiners are Imperial Oil, Husky Energy, Suncor Energy. While Petro Canada is considered by some as its own entity and fourth key refiner, it's actually owned by Suncor Energy. In 2007 Canada's three biggest oil companies brought in record profits of $11.75 billion, up 10 percent from $10.72 billion in 2006. Revenues for the Big Three climbed to $80 billion from about $72 billion in 2006. The numbers exclude Shell Canada and ConocoPhillips Canada, two private subsidiaries
that produced almost 500,000 barrels per day in 2006.