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A branch of economic geology, petroleum geoscience studies the origin, migration and accumulation of oil and gas, particularly for the discovery and development of profitable deposits.

Petroleum & Natural Gas Tenure

The majority of subsurface petroleum and natural gas resources in British Columbia are owned by the Province. By entering into a tenure agreement with the Province, private industry can develop these resources.

Petroleum & Natural Gas Royalties

The Province collects royalties for oil and gas developments on Crown land. These help support British Columbia’s economic prosperity while ensuring that producers receive a fair return on their investments.

Statistics

The Northeast is the only area of B.C. producing commercial quantities of oil and gas.