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2002 Annual Report Back to Menu PDF (406kb) 2003 04 15 HM |
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23 BP Canada Energy Company Burlington Resources Canada Energy Ltd. ChevronTexaco ConocoPhillips Canada Deer Creek Energy Limited Devon Energy Corporation Dominion Exploration Canada Ltd. EnCana Corporation Enerplus Group Husky Energy Inc. Imperial Oil Limited MGV Energy Inc. NCE Petrofund Corp. Nexen Inc. Penn West Petroleum Ltd. Petro-Canada Resources Petrovera Resources Limited Pointwest Energy Inc. PrimeWest Energy Inc. Shell Canada Resources Ltd. Suncor Inc. – Resources Group Talisman Energy Inc. Trident Exploration Corporation 111 Acres Parsons E&C Ltd. Adams Pearson Associates Inc. ADOIL Inc. Advanced Geotechnology Inc. Air Liquide Canada Inc. Alberta Collision Avoidance AMEC Earth & Environmental Ltd. C,ESU Alfa Laval - Process Technology Oilfield Market Unit Alpine Environmental Ltd. Amtech Aeronautical Limited Aqueolic ARC Inc. Arkril Enterprises Ashton Jenkins Mann Petroleum Consultants BJ Services Company Canada Boreal Laser Inc. Brenntag Stinnes Logistics Brine-Add Fluids Ltd. Burnet, Duckworth & Palmer – Energy Business Unit Cambian Can-K Artificial Lift Systems Inc. Canwell Enviro-Industries Ltd. CENDEC div. of TCEnet Inc. Centre for Passive Sampling of Maxxam Analytics Chinook Engineering Clearstone Engineering Ltd. Computer Modelling Group Ltd. Daily Oil Bulletin Deep Blue Associates Inc. Digital Oilfield Inc. Eadie Group Earth Canada Corp. ElectroBusiness.com Emergent Technologies Energy Technology Group Envirodrive Inc. Envirosystems International Inc. Envirotech Engineering ESG International Ltd. Extreme Telematics Corp. G-Chem Environmental Ltd. Gowling Lafleur Henderson LLP (Intellectual Property Development) HotButton Solutions Inc. Inno-centre Alberta InSoil Canada Ltd. John Zink Canada Keystone Environmental Ltd. Know2Act Corporation Komex International Ltd. KPMG High Technology Practice Group mye-Energy Inc. National Silicates – Drilling Fluids Group Newalta New Paradigm Engineering Ltd. New Paradigm Gas Processing Ltd. Newpark Environmental Norwest Corporation Norwest Labs Object Reservoir, Inc. Octanewave Software Inc. Omega Oil Company Omnicon Consultants Inc. Pandell Technology Corporation Pason Systems Inc. Petro-Geotech P.K. Services International Proeco Enviroservices Ltd. Prolift, a division of CEF Technologies Ltd. Promore Engineering Inc. ProTechnics Pursuit Dynamics plc Q’Max Solutions Inc. Questor Technology Inc. Quorum Business Solutions Inc. Rejuvenation Resources Ltd. RightsMarket Inc. Rigstar Communications Inc. Ruud Enterprises Ltd. SAIC Canada Schlumberger of Canada Sierra Systems Soltrus Inc. The Moorhead Group LLC The Petroleum Place, Inc. Total Combustion Inc. Trican Well Service Ltd. Unotec – Unique Oilfield Technology Services URS VECO Canada Ltd. – Alliance Group VerticalBuilder Vikor Energy Inc. Weatherford Canada Partnership Wellspring Production Services Wood Group ESP (Canada) Ltd. XERGY Processing Inc. zed.i solutions – Marketing and Sales Dept. 15 Boreta, John Carleton, Mike Hoopfer, Dwayne Maier, Len McBane, Dwayne McCann, Tom Penhale, Bill Putt, Ken Radke, Gerald Schesnuik, Chester Stephens, Mark Todd, Murray Towson, D.E. Watchorn, James 7
Alberta Sulphur Research Ltd. Gas Technology Institute Natural Resources Canada (CANMET) Petroleum Technology Research Centre (PTRC) Saskatchewan Research Council TIPM Laboratory 4 University of Alberta University of Calgary University of Regina, 4 Canada Customs and Revenue Agency Province of British Columbia Saskatchewan Energy and MinesFounding Supporter: Canadian Business Networks Coalition (CBNC)
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Facilitating Innovation, Technology Transfer, and Collaborative Research and Development (R&D) in the Upstream Oil and Gas Industry creating value through innovation 2002 Achievements 2001 Key Accomplishments
Message from the Board of Directors 2002 was another busy year for PTAC characterized by several new initiatives and the financial challenge created by the termination of our natural gas technology transfer contract with Gas Technology Inc. (GTI). GTI’s re-organization reduced their commitment to technology transfer in Canada and resulted in the closure of GTI E&P Services Canada and the premature termination of their contract with PTAC.PTAC facilitated the launch of an additional 32 projects valued at $18M, bringing the total number of projects launched since inception in 1996 to 157 projects valued at $96.3M. Also, projects launched in prior years received $21M in additional funding in 2002. PTAC, in conjunction with the Canadian Society for Unconventional Gas (CSUG), hosted the world’s largest Unconventional Gas and Coalbed Methane Conference and Tradeshow in October 2002. PTAC has also entered into an agreement with CSUG to provide ongoing services as their secretariat. PTAC, in conjunction with Climate Change Central, hosted the Climate Change and Greenhouse Gas Technology Conference and Tradeshow in May.In conjunction with Natural Resources Canada (NRCan), PTAC launched the Industrial Energy Audit Incentive for the upstream oil and gas industry in Western Canada. PTAC hosted two Wireless, Telecommunications and e-Business forums in 2002. We also launched the Wireless City Pilot Project and a Producer Telecommunications Working Group late in 2002.In October, PTAC proposed and received unanimous support in principle from members to extend our mandate to facilitate sustainable, eco-efficient and greenhouse gas-reducing technologies for the hydrocarbon energy industry. PTAC will provide technology transfer facilitation and access to technical material in this area through this new mandate. PTAC is the leading organization that facilitates the development and transfer of petroleum technology in Canada. We facilitated 32 Technology Information Sessions and eight workshops and forums in 2002. We are frequently approached by members and industry to facilitate new initiatives and events. PTAC’s contact data base has continued to grow to over 7000 technical contacts from industry, government and academia. Our web site has expanded with considerable new content and a search engine. PTAC continues to seek feedback on the services we provide to create value through innovation for our members. On behalf of the Board, we would like to express our appreciation to PTAC volunteers and staff for their outstanding contributions to our success.
Outlook Outlook for 2003 PTAC expects 2003 to be another year of change with a significant shift in our focus to sustainable, eco-efficient and greenhouse gas-reducing technologies for the hydrocarbon energy industry. PTAC has secured substantial funding from Western Economic Diversification Canada for this mandate extension for the period January 1, 2003 to December 31, 2005. PTAC is optimistic that we will also secure funding from industry, the Alberta government and others for this climate change-related initiative. PTAC will continue to facilitate CAPP’s Environmental Research Advisory Council (ERAC) process, as we have since 2000. We expect to host a number of information sessions, forums, workshops and technical meetings covering air, soil, water and ecological issues. PTAC will continue to deliver the NRCan Industrial Energy Audit Incentive to the upstream oil and gas industry. We anticipate that the number of approved audit incentive applications will grow from the current number of 14 to the 100 targeted for funding under the two year program. PTAC plans to facilitate events to present audits results later in 2003. PTAC will continue to support the Alberta Energy Research Institute (AERI) and their Core University Research in Sustainable Energy (COURSE) program by hosting events on completed research as well as future research needs and proposals. PTAC also looks forward to the Fifth Annual Unconventional Gas and Coalbed Methane Conference slated for October 2003 in Calgary. This conference is a joint effort between PTAC and CSUG to communicate and facilitate technology development with the goal of increased commercialization of unconventional gas technologies. PTAC will continue to advocate for an oil and gas technology development incentive mechanism, particularly for GHG and climate change-related technology pilot projects. PTAC plans to continue hosting Wireless, Telecommunication and e-Business events. We will also continue with the Wireless City initiative and the Producer Telecommunication Working Group.PTAC will be conducting an R&D challenges study for AERI. The purpose of this project is to provide the technology and related framework to significantly increase the recoverable conventional oil and gas and unconventional gas reserves and production in Alberta above that currently anticipated by 2008. We have set a goal to facilitate the launch of 30 new projects with a value of $10 million in 2003. We are striving for a significant financial surplus to build our cash reserves to 50% of our annual operating budget. PTAC will continue to operate in an open and collaborative fashion to provide focus on issues which are relevant and of value to our members and the upstream petroleum industry. PTAC Plans to Initiate Project to Facilitate Sustainable, Eco-efficient, and Greenhouse Gas-reducing Technologies PTAC plans to expand its mandate to facilitate increased adoption of sustainable, eco-efficient, and greenhouse gas (GHG) reducing technologies for the hydrocarbon industry. Government and industry are providing support and funding for this new initiative. PTAC is in the final stages of obtaining all the funding required to operate this project for three years. PTAC plans to facilitate the following project objectives:
This project will leverage resources acquired during the past two years from the CTTA program that was funded by the Gas Technology Institute. Board Rich Kerr,
Chairman, PTAC Eric Lloyd,
President, PTAC Denis Gaudet,
Director
Technology Transfer,
PTAC Alan Archibald Dan Bailie Wayne Finger Lorraine Goobie Bob Hill Eddy Isaacs Mike
McAllister Brian Moreland Phillip Murray Bruce Peachey Ken Putt Laurie Schramm Glen Sheppard Earle Shirley Mike Singleton Derril Stephenson Bruce Stewart Bill Svrcek Murray Todd Don Towson Dean Wall Financials We have audited the financial statements of PTAC Petroleum Technology Alliance Canada for the year ended December 31, 2002 and have reported thereon without reservation under date of March 22, 2003. The accompanying summarized balance sheet and summarized statements of revenues, expenses and surplus have been prepared from the audited financial statements. In common with many not-for-profit organizations, PTAC derives revenue from events and other sources, the completeness of which is not susceptible to satisfactory audit verification. Accordingly, our verification of these revenues was limited to the amounts recorded in PTAC’s records and we were not able to determine whether any adjustments might be necessary to revenue, excess of revenue over expenditures, assets and surplus.In our opinion, the accompanying summarized balance sheet and statements of revenues, expenses and surplus fairly summarize the information as to the financial position of PTAC Petroleum Technology Alliance Canada and the results of its operations contained in the audited financial statements. Hamilton & Rosenthal 
Membership by Category At year-end 2002 PTAC had 166 members, distributed as shown in the above graph. PTAC members produce approximately 70% of Canadian conventional oil and gas. Visit www.ptac.org/members1.html for more information on PTAC members.
Project Expenditure by Technical Area since Inception PTAC has facilitated the launch of 157 projects valued at $96.3M since inception in 1996. PTAC facilitated the launch of 32 projects valued at $18M in 2002. Also, projects launched in prior years received $21M in additional funding in 2002.
Projects Launched R&D Projects Launched in 2002 PTAC facilitated the launch of 32 projects valued at $18M during 2002. Drillinge-BusinessEnvironmentalHeavy OilNatural Gas ProductionOil Production and TransportationOil SandsReservoir Recovery / Geoscience
Sustainable and Alternative EnergyWell Completion, Stimulation and Workover
For further information, please refer to the 2002 newsletters or to the project index on PTAC’s web site at www.ptac.org/projects1.html Technical Areas PTAC requires participation from senior technical people to identify important issues that require technology transfer or R&D. To obtain more information, please contact PTAC. PTAC now has 20 Technical Areas and over 7000 contacts in:
creating
value through innovation PTAC offers a variety of services to its members and the upstream oil and gas industry. PTAC continues to seek feedback on the services provided to create value through innovation for members. Forums, Workshops and Conferences A total of over 1400 participants attended ten forums, workshops and conferences hosted by PTAC in 2002. This includes the Fourth Annual Unconventional Gas and Coalbed Methane Conference co-sponsored with the Canadian Society for Unconventional Gas and the Climate Change and Greenhouse Gas Technology Conference co-sponsored with Climate Change Central. PTAC forums focus on specific needs or technical areas. Information is shared on new technologies, case studies, and the objectives and results of current research. The following five forums were held in 2002: Environmental Research and Technology Development; Frontier Drilling Waste Management; Wireless, Telecommunications and e-Business Technology (2); and Air Issues. PTAC conducts workshops to provide opportunities for people to clearly define R&D issues, to identify potential solutions and to select the best approach to move forward. Potential suppliers of R&D have the opportunity to hear firsthand about such issues and to contribute their expertise and ideas for solutions. PTAC hosts the workshops and provides the necessary facilitation, administrative support and coordination to launch projects. When required, PTAC widely distributes Request for Proposals (RFPs) with Expressions of Interest for each priority issue from workshops. Once those who will consider supporting the R&D have been identified, pro-posals are then solicited from potential suppliers. PTAC brings together the interested organizations in a structured way that leads to new R&D, while protecting proprietary interests. In 2002, PTAC sponsored three workshops: Wireless City Initiative; Artificial Lift for SAGD Wells/Gas Over Bitumen; and Value Creation through Innovation and R&D.Technology Information Sessions PTAC facilitates Technology Information Sessions for members to: solicit interest, feedback, participation or potential funding for new R&D projects; find industry partners to complete proposed R&D or technology development (such as field test or pilot sites) or to report on field test or pilot results; provide information on technology-related services; and market new technology to the Canadian oil and gas industry. PTAC fac-ilitated 32 Technology Information Sessions attended by over 1550 participants in 2002. List of Ongoing R&D Projects R&D projects facilitated by PTAC are listed on PTAC’s web site at www.ptac.org. This list contains the project title, name of organ-ization performing the project, contact information and a link to the member’s email and/or web site if available.PTAC Knowledge CentreThe PTAC Knowledge Centre (formerly the Technology Centre for Natural Gas) is being expanded to include materials for the project to facilitate sustainable, eco-efficient, and GHG-reducing technologies. The growing collection consists of research program reports, books, journals, and conference proceedings, in electronic or hard copy. The Knowledge Centre is open to the public.For more information, please visit PTAC’s web site at www.ptac.org. |
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Contact Us For further information please contact: PTAC Petroleum Technology Alliance Canada Suite 750, Hanover Place, 101 - 6th Ave. S.W. Calgary, Alberta T2P 3P4 fax: (403) 920-0054 www.ptac.org Eric Lloyd Denis Gaudet Arlene Merling Brenda Belland Lorie Frei Kerri Markle Tannis Such |
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