Oil Sands Development…the challengesges

Date: Thursday, January 24, 2008

Time: Registration: 11:15 a.m., Luncheon: 11:45 a.m., AGM: 12:15 p.m., Speaker: 12:30 p.m.

Location: The Westin, 320 4th Avenue SW

Cost: $36 Members and Guests, $18 Students, $12 ASAP

Guest Speaker: Catherine Hughes, Vice President, Oil Sands, Husky Energy

The perfect storm for oil has hit the planet. Demand is soaring thanks to developments in Asia, and despite reassurances from OPEC, production is barely keeping up with demand. The price of oil has hit record highs and, barring a recession, is going to stay high for a while.

In the worldwide race to find oil, to book reserves and increase production, the Majors and Global Independents have positioned Canada’s Oil Sands close to the top of their desired list of assets. What may have been considered uneconomic four years ago is now highly desirable due to oil prices, the sheer size of the reserve, the proximity to market and the political stability.

However, oil sands should not be considered a “uniform” deposit and one should not underestimate the importance of reservoir quality on the viability of any given project. There are significant technical issues to address. Most of the in-situ recovery and extraction technologies are still in their infancy and will continue to evolve.
In this presentation, I will address how the economics challenge the projects and why integrated development is the right solution to capture full value and reduce the investment risks.

To ensure adequate seating please pre-register with the Calgary APEGGA Office at 262-7714 prior to Friday, January 18, 2008. Calgary Branch accepts Visa, MasterCard, or American Express for tickets sold prior to the day of the event.

Graduating Students Workshop

Date: March 8, 2008
Location: Calgary Telus Convention Centre

Description:
This morning workshop is for new graduates in Engineering, Geology and Geophysics at the University of Calgary. Graduates interact with Practicing Professional Members in small groups who evaluate case studies on registration, compliance, ethics and investigative issues intended to demonstrate the importance of ethical considerations in the practice of the professions.

To make the day a success approximately 80 practicing professional members are needed to assist. Professionals participating in the Ring Ceremonies are invited to attend the workshop.

The workshop is held in conjunction with the Ring Ceremonies: The Ritual of the Calling of an Engineer also known as the Camp 18 Spring Iron Ring Ceremony and The Earth Ring Ceremony both being held at 1:30 p.m.

APEGGA is pleased to host the luncheon for those who assist at the workshop.

Contact:
If you are a Professional Member and can assist with this event, please contact Kate Handford at khandford@apegga.org or (403) 262-7714. Graduating students participating in the Ring Ceremonies will sign up for the workshop at the U of C the same time as signing up to participate in the Ceremony.