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CS - Alberta extends oil curtailment program through 2020 - September 2019



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Alberta’s government announced on Aug. 20 that it was extending the oil curtailment program to Dec. 31, 2020. Energy Minister Sonya Savage said the limits were necessary because of continued pipeline delays—such as Enbridge’s Line 3 replacement (PG.8)—and without them production would exceed takeaway capacity by 150,000 bo/d, leading to large discounts for Canadian crude. However, the province is updating the policy—with the changes taking effect on Oct. 1—to provide producers with more flexibility.......
 
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