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Petroleum Resources Office celebrates grand opening during Inuvik Petroleum Show

Press Release – INUVIK (June 27, 2014) – This year’s Inuvik Petroleum Show (IPS) set the stage for the opening of the Petroleum Resources Office in Inuvik on June 24, 2014.

The Petroleum Resources Division develops and implements programs, strategies and policies in support of managing the development of the territory’s petroleum resources. This includes leading and managing the call cycle process for future oil and gas exploration in onshore NWT, the first cycle of which is expected to be launched in the fall. The division will also lead the development of Hydraulic Fracturing Regulations and provide support for GNWT initiatives to enable development of the Canol Shale in the Sahtu Region.

Premier Bob McLeod was in attendance to officially open the doors and welcome staff into their new roles.

“Having the Petroleum Resources Office located in the Beaufort Delta Region will help further establish Inuvik as a hub of oil and gas development,” said Premier McLeod. “We are committed to developing our resources in a responsible way that reflects the priorities and values of Northerners, investing in the infrastructure needed to do this in partnership with the Government of Canada and creating prosperity and economic opportunities for the North and the nation.” 

Deputy Minister of Industry, Tourism and Investment, Peter Vician delivered a keynote address at the IPS in which he recognized the NWT’s world-class inventory of energy resources and discussed the increasing demand for energy. “This growing worldwide demand bodes well for the Northwest Territories’ economy because we are uniquely positioned to provide safe and secure energy to customers around the world,” said Mr. Vician.

The Inuvik Petroleum Show is the premier conference and tradeshow for the oil and gas sector. Each year, it hosts over 500 participants, including delegates and exhibitors from across Canada and beyond.

For more information:

Alayna Ward
Manager, Public Affairs and Communications
Industry, Tourism and Investment
Government of the Northwest Territories
Tel: (867) 920-8696
Email: [email protected]

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