Please submit RESERVOIR articles to the CSPG office.Submission deadline is the 23rd day of the month,two months prior to issue date. (e.g.,January 23 for the March issue).
To publish an article,the CSPG requires digital copies of the document.Text should be in Microsoft Word format and illustrations should be in TIFF format at 300 dpi.For additional information on manuscript preparation,refer to the Guidelines for Authors published in the CSPG Bulletin or contact the editor.
COORDINATING EDITOR & OPERATIONS
Jaimè Croft Larsen
CSPG
Tel:403-264-5610 Fax:403-264-5898
Email:jaime.croftlarsen@cspg.org
TECHNICAL EDITOR
Ben McKenzie
Tarheel Exploration
Tel:403-277-4496
Email:bjmck@telusplanet.net
ADVERTISING
Kim MacLean
Corporate Relations,CSPG
Tel:403-264-5610,Ext 205
Email:kim.maclean@cspg.org
Advertising inquiries should be directed to Kim MacLean.The deadline to reserve advertising space is the 23rd day of the month, two months prior to issue date.All advertising artwork should be sent directly to Kim MacLean.
The RESERVOIR is published 11 times per year by the Canadian Society of Petroleum Geologists. This includes a combined issue for the months of July/August.
Advertisements,as well as inserts,mailed with the publication are paid advertisements.No endorsement or sponsorship by the Canadian Society of Petroleum Geologists is implied.
The CSPG Rock Shop is an attractive and affordable way to target the CSPG readership. Spaces are sold at business card sizes (3.5” wide by 2” high).To reserve space or for more information,please contact Kim MacLean at 403-264-5610,ext.205.
The contents of this publication may not be reproduced either in part or in full without the consent of the publisher.
FRONT COVER Cameron Falls,Waterton National Park,Alberta. Cameron Falls exposes dolomites and limestones of the Middle Proterozoic Waterton and Lower Altyn formations (Purcell Supergroup),some of the oldest rocks found in the Canadian Rockies.Historically,oil seepages originating in Altyn dolomites along nearby Cameron Creek first attracted explorationists to this part of Alberta in the late nineteenth century.Photo by Darran Edwards.
It is nearly five years ago that I was asked to join the CSPG Executive.I had run for office both in the mid-70s (under a Flat Earth Society banner) and the mid-80s but both times I was soundly defeated in the elections.Who says CSPG members are not astute judges of character? The Executive position being offered was called Senior Managing Editor and is now called Communications Director.The main task of the job is to coordinate a number of activities through which CSPG communicates with its members and the outside world.These include our two main publications,the Bulletin of Canadian Petroleum Geology and The Reservoir,our annual Calendar,the recently rejuvenated Public Affairs Committee,and our ever-growing Electronic Communications Committee.It was the last activity that attracted me to the job and the desire to get things going in this field was my motivation for accepting the position.Of course the opportunity to join the executive through the backdoor and avoid another crushing electoral defeat had its attractions too.
In 2001,CSPG was just starting to go digital and to me there was no doubt this was the future.My medical research hobby had exposed me to the websites of many medical journals that were fully digital and it was so much easier to surf the web rather than to haunt the stacks of the U of C medical library. Luckily,other people such as Glenn Karlen, our original webmaster,also envisioned such a future for CSPG publications and within a year we had a functional search engine for all our publications up on the CSPG website. Opportunity then presented itself in the form of a company called DataPages that offered to digitize all our Bulletins back to 1953 for no cost.The only string attached was they had the right to market the digital product and would share the profits.I could not wait to sign the contract but it took about a year to get the agreement worked out.Once the deal was done,Glenn Karlen and Jaime Croft Larsen, our Communications Manager,took on the task of assembling three copies of every issue of the Bulletin.These eventually ended up in
Southeast Asia where each Bulletin article was “keyed in” by two typists.Getting the Bulletin completely digitized has taken a long time but it is satisfying to report that PDFs of every article ever published in the Bulletin are now accessible to all our members through our revamped website.
A few years into the job I heard that a number of big geological societies such as AAPG and GSA were planning on setting up a system of digital access to their publications.We were able to get in on the ground floor of this project and I even got the chance to serve on the committee that provided advice on the design of the system.This initiative has become GeoScienceWorld,which is a wonderful resource for digital access to many great geological journals including our Bulletin.The current editor of the Bulletin,Glen Stockmal, now looks after our continued participation in GeoScienceWorld and he is envisioning additional ways to take advantage of this format.GeoScienceWorld has given our Bulletin the same digital qualities as those medical journals that had shown me the joys of electronic access.It also puts our publication on the same playing field as all the other journals and keyword searches pop up articles from our journal as readily as those from the other publications.I invite all our members to experience GeoScienceWorld through links on the CSPG website.
The Reservoir has provided another way of looking at things whilst trying to navigate the information highway.When I arrived on the scene The Reservoir was actually The Sink and was costing the Society a lot of money.To me the solution was to simply go to a digital Reservoir which would be emailed to our members every month.Costs would be minimal and advertising would allow a modest profit.Of course there was considerable handwringing around the Executive table when I suggested such a solution because at that time many of our members still were not comfortable with digital products.Fortunately Tim Howard,our Business Manager,had a better solution.He hired Kim MacLean,a crackerjack Corporate Relations Manager, and she went out and sold more advertising for The Reservoir than you can imagine.This then put great pressure on our Reservoir editor,Ben McKenzie,to ensure The Reservoir did not become The Flyer.Ben admirably rose to the challenge and greatly increased the information/scientific content of the Reservoir.As I am sure most of you have noticed,this has resulted in a much bigger and
depths
CONTOURING
Faulted contours
Isopachs
Volumetrics
Grid operations
New flexing options
CROSS SECTIONS
New Unassigned Tops
Digital and/or Raster
Geocolumn shading
Stratigraphic/Structural
Shade between crossover
Dipmeter data
MAPPING OPTIONS
Expanded GIS Functions
Bubble maps
Production charts
Log curves
Posted data
Highlighted Symbols
3D VISUALIZATION
Deviated wellbores
Digital logs
Grid surfaces
Tops, Shows and Perfs
Land grid overlay
Map images
PETRA® delivers the industry’s only easy-to-use and affordable integrated solution for today’s workflows. It provides multi-user access to large projects through geological, petrophysical and engineering analysis tools. The PetraSeis™ option extends PETRA® into 2D/3D seismic interpretation with practical tools such as RasterSeis™ Download a trial version at www.geoplus.com, or call us at 888-738-7265 (Houston: 713-862-9449 / Calgary: 403-264-9523) for more product information.
DECLINE CURVES
Compute EUR, RR, etc.
Hyperbolic or exp.
Rate/Time or Cum P/Z
User defined Econ. Limit
User defined Extrap. Time
(...Continued from Page 5)
THE CSPG GRATEFULLY ACKNOWLEDGES ITS CORPORATE MEMBERS:
THE CSPG GRATEFULLY ACKNOWLEDGES ITS CORPORATE MEMBERS:
ABU DHABI OIL CO., LTD. (JAPAN)
BAKER ATLAS
BG CANADA EXPLORATION & PRODUCTION, INC.
BP CANADA ENERGY COMPANY
BURLINGTON RESOURCES CANADA LTD.
CALPINE CANADA
CANADIAN FOREST OIL LTD.
CONOCOPHILLIPS CANADA
CORE LABORATORIES CANADA LTD.
DEVON CANADA CORPORATION
DOMINION EXPLORATION CANADA LTD.
DUVERNAY OIL CORP.
ECL CANADA
geoLOGICsystems ltd.
GRIZZLY RESOURCES LTD.
HUNT OIL COMPANY OF CANADA, INC.
HUSKY ENERGY INC.
IHS ENERGY
IMPERIAL OIL RESOURCES LIMITED
LARIO OIL & GAS COMPANY
MJ SYSTEMS
MURPHY OIL COMPANY LTD.
NCE RESOURCES GROUP INC.
NEXEN INC.
NORTHROCK RESOURCES LTD.
PENN WEST PETROLEUM LTD.
PETRO-CANADA OIL AND GAS
PETROCRAFT PRODUCTS LTD.
PRECISION ENERGYSERVICES
PRIMEWEST ENERGY INC.
SAMSON CANADA
SHELL CANADA LIMITED
SPROULE ASSOCIATES LIMITED
STARPOINT ENERGY LTD.
SUNCOR ENERGY INC.
TALISMAN ENERGY INC.
TOTAL E&P CANADA LIMITED
better Reservoir.This has also turned The Sink into The Tap and,now that The Reservoir is a major revenue generator (big smiles around the Executive table),the need for a digital-only Reservoir has evaporated.
Another cog in the digital machine has been our website and,thanks to the efforts of the indefatigable Astrid Arts,supported by Krista Jewett and Jaime Croft Larsen,we now have a great new website which is very user friendly. They are only getting warmed up and over the next year CSPG will continue to increase the products and services available on the website.Astrid and her committee have also instituted a monthly e-mail Newsletter which
is a convenient way to keep everyone informed about upcoming events.The big trick is trying to stay current with e-mail addresses; a problem exacerbated by the current boom.
Overall I am very happy with our progress down the information freeway which is the result of the efforts a lot of dedicated volunteers and the hard work of Jaime Croft Larsen who coordinates everything.We will continue to look for new and improved ways to communicate with the membership, electronically and otherwise.If you have an idea in this regard,send me an e-mail.
Ashton Embry,Communications Director
Saskatchewan and Northern Plains Oil & Gas Symposium
Regina, October 17 & 18, 2006
CALL FOR PAPERS
Abstract submission deadline: April 7, 2006 E-mail to: Symposium2006@sgshome.ca Please refer to http://www.sgshome.ca for details Organized by the Saskatchewan Geological Society
CORPORATE MEMBERS AS OF JANUARY 24, 2006
CSPG EDUCATION COMMITTEE
Upper Devonian Reef-Strata and Hydrothermal Dolomitization
in the Southern Northwest Territories
Instructors: Alex J. MacNeil and Dr. Brian Jones, University of Alberta
Date: May 29 – June 2, 2006
Earlybird Deadline: March 29, 2006 • Registration Deadline: May 15, 2006 • Max. Participants: 16
Early-Bird: $2,047.50 | CSPG Member: $2,275 | Non-members: $2,844 | plus GST and airfare to Hay River. (Fee includes accommodation, ground transportation and lunch.)
The southern Northwest Territories have incredible, scenic cliff-face exposures of exceptionally preserved Late Devonian reefal strata and vast hydrothermal dolomite deposits, easily viewed at the former Pine Point mine site. The region is ideal for a course that examines carbonate stratigraphy, sedimentology, facies associations, and the nature of Devonian reefal buildups because of the superb preservation of original fabrics and fossils, many outcrops are easily accessible from the road, roadcuts and quarries expose fresh, barely altered limestones, and the terrain is conducive to hiking around and examining outcrops. The Alexandra Reef System, variably exposed over 46 km, allows one to do a complete transect from the coastal plain with peri-tidal deposits, through back-reef and reef-margin facies associations, out to the fore-reef on the outer ramp. For these reasons, field trips have been organized to the region for over 30 years now. The former Pine Point mine site is also ideal for a day-trip to examine the types of diagenetic facies associated with hydrothermal dolomitization as many of the pits are still accessible and much of the core remains for examination
Educational aspects of this trip for the petroleum geologist include:
1. Introduction to the Devonian stratigraphy and petroleum potential of the southern NWT
2. The strata host a number of different reef-types situated in different sedimentary environments, allowing for critical examination of different types of Devonian reef fabrics, reef architectures, and the geological controls on their development.
3. The Alexandra Reef System provides an excellent example of the role of pre-existing topography on reef-evolution.
4. The Alexandra Reef System provides an excellent case-study of how carbonate sequence stratigraphy can be applied to reef systems, used to predict lateral relationships, and how the concepts differ from siliciclastic sequence stratigraphy.
5. The Alexandra Reef System provides a complete suite of carbonate facies associations. For geologists or geophysicists not experienced with carbonate sedimentology, the course is an excellent opportunity to learn the basics of Devonian carbonate facies and their lateral relationships. For the petroleum geologist who is experienced with carbonates, these facies allow for examination of microbial-fabrics versus coral-stromatoporoid fabrics, fabric and texture-controlled diagenetic variations and how these fit within a sequence stratigraphic framework, and a number of unusual facies that they may have encountered elsewhere, but been unable to fully diagnose.
6. The Pine Point visit is important for examining the diagenetic facies and types of porosity associated with hydrothermal dolomitization, and the potential scale of these deposits.
TECHNICAL LUNCHEONS
MARCH LUNCHEON
A simplified approach to the climate change controversy
SPEAKER
James M.White
NRCan,Geological Survey of Canada
11:30 am Thursday,March 9,2006
TELUS CONVENTION CENTRE CALGARY, ALBERTA
Please note:
The cut-off date for ticket sales is 1:00 pm,Monday,March 6th.
Ticket price is $28.00 + GST
This talk considers several lines of evidence that persuade me that the issue of anthropogenic climate change is significant, and that the science is substantial.Enquiry into trace gases and climate began over a century ago,in part spurred by geological evidence of dramatically different past climates.The significance to Earth’s climate of trace gases,such as carbon dioxide,is well established,and our activities influence its atmospheric concentration.Geology shows that climate has changed on many time scales and from many causes,ranging from tectonics to solar variability,but carbon dioxide is one important factor.Even if a warming cycle such as the Mediaeval Warm Period was not caused by man,it does not mean that our activities are not influencing the modern climate.The Urban Heat Island effect has been used to dismiss evidence of surface warming,but there are corroborating lines of evidence, independent of urban temperature records. Moreover,satellite evidence does not reliably contradict evidence of surface warming.It is often said,correctly,that “climate has always changed,and people adapted,” but the geological view of adaptation is too remote.The process of adaptation at a time scale relevant to people bears a closer look.The inability of a complex society to adapt to climate change is illustrated by the collapse of classic Mayan civilization.
BIOGRAPHY
James White began his palynological career in 1976 with doctoral research on the Late Quaternary of the Peace River district.Since joining the Geological Survey of Canada in 1986 he has studied the Cenozoic biostratigraphy of western and northern Canada,resulting in a synthesis of palynostratigraphy and paleoclimatology spanning the last 18 million years.Work in the Jurassic and Cretaceous has resulted in publications on the age of the Cadomin Formation and on modeling biostratigraphy from a literature database.The palynostratigraphy of the Mallik gas hydrate research borehole,Mackenzie Delta is his recent focus.Climate is a major determinant of plant assemblages,so paleoclimatology is an inherent aspect of his research.He has presented talks on paleoclimates and climatic change to the CSPG Environment Committee,the University of Calgary,the University of Northern British Columbia,Australia National University,the Geological Association of Canada,and other professional societies.He is senior author of 16 publications concerning paleoclimatology and its relation to biostratigraphy.
MARCH
Hydrocarbons in the Paleozoic basins of eastern Canada: new perspectives and promising targets
SPEAKER
Dennis Lavoie
Geological Survey of Canada
11:30 am Tuesday,March 21,2006
TELUS CONVENTION CENTRE CALGARY, ALBERTA
Please note:
The cut-off date for ticket sales is 1:00 pm,Thursday,March 16th. Ticket price is $28.00 + GST.
The Cambrian to Middle Devonian successions at the continental margin of Laurentia consist of marine to continental sediments deposited during alternating passive margin and foreland basin episodes. Two significant orogenic pulses,the Ordovician Taconian Orogeny and the Late
Good hydrocarbon source rocks are found in the Upper Ordovician foreland basin shales (TOC up to 14%,Type I/II),in the Middle Ordovician oceanic shales (TOC up to 10.7%,Type I) and in the Lower Ordovician passive margin shales (TOC up to 10.4%,Type I/II).Fair hydrocarbon source rocks are found in Lower – Middle Devonian foreland basin limestones and coals (TOC from 2% to 50%,Type II/III respectively).Maturation suggests that the Cambrian-Ordovician St.Lawrence Platform has a gas (southern Quebec) to oil (western Newfoundland) potential;the coeval Humber Zone has a gas (Quebec) to gas and oil (western Newfoundland) potential.The Late Ordovician to Middle Devonian Gaspé Belt has both gas and oil potential.
Clastic reservoirs are found in CambrianOrdovician passive margin and foreland basin coarse sandstone and conglomerate
slope facies and in Silurian-Devonian nearshore sandstones.The potential for secondary carbonate reservoirs is recognized in the recent documentation of hydrothermally-altered carbonates (Lower to Upper Ordovician passive margin and foreland basin;Lower and Upper Silurian and Lower Devonian foreland basin).The recognition of hydrothermal dolomites is based on the burial scenario,tectonic framework,and detailed petrography and geochemistry.Production of natural gas and sub-economic accumulation of oil have been recently documented in these dolomites.GC-MS and GC-IRMS fingerprinting of hydrocarbons,bitumen, and potential source rocks indicate a most likely dominant Ordovician source.Based on crosscutting relationships and basin modeling,multiple events of hydrocarbon migration are recognized with a significant Late Silurian (syn-Salinian orogeny) and a late Early Devonian migration.
Traps and seals are multiple and include various stratigraphic (pinch-out, impermeable layers,and unconformities), tectonic (fault closures,anticlines, duplexes,and triangle zones) and diagenetic (HTD) types.
Exploration is picking up rapidly in these Lower Paleozoic basins in eastern Canada with large areas under exploration permits and promising recent drilling results.
BIOGRAPHY
Denis Lavoie received a B.Sc.A.in geological engineering from Laval University in 1982 and a M.Sc.(1985) and Ph.D.(1988) in sedimentology and carbonate geochemistry. The Geological Survey of Canada hired him in 1989 as research scientist for its Quebec division.Since then,he has carried out research projects on Cambrian to Carboniferous sedimentary basins in eastern Canada and published over 50 research papers on various aspects of these basins.North American and International oil and gas exploration companies interested in the hydrocarbon potential of these basins have requested his expertise.He currently leads a multi-organization and multidiscipline project on the evaluation of the hydrocarbon resource of these basins.In 2001, he edited the first appraisal of the hydrocarbon potential of the Gaspé peninsula (Bulletin of Canadian Petroleum Geology) and is currently associate editor for the Canadian Journal of Earth Sciences and Geoscience Canada.
APRIL LUNCHEON
The history and
future
of investments in the Oil Sands
SPEAKER
Steve Paget First Energy
11:30 am Tuesday,April 4,2006
TELUS CONVENTION CENTRE CALGARY, ALBERTA
Please note:
The cut-off date for ticket sales is 1:00 pm,Thursday,March 30th. Ticket price is $28.00 + GST.
As the deposits were first reported by the Cree in 1719 and documented by Peter Pond in 1778,the oil sands were the first petroleum resource discovered in western Canada.The first attempts to economically develop the oil sands came in 1922 with the Alcan Oil Company.The first commercially successful development followed forty-five years later with the Great Canadian Oil Sands project in 1967.
Development of the oil sands has been influenced by the choices of those that own the leases;by provincial regulation;and by the conventional oil production curve in the Western Canada Sedimentary Basin.The early commitment of Suncor in 1963 to develop the oil sands was a critical factor,as was the decision of the Alberta Government to allow Suncor to proceed while temporarily shelving the Syncrude
development.The end of conventional heavy oil growth in 1998 was the beginning of the increased rate of oil sands expansion now occurring in Alberta.
The geology of the oil sands is more heterogeneous than often supposed,and normal difficulties in pilot production caused by geological variance are magnified by investors’ expectations that these sands have little to no geological risk.The difference between the oil sands and most conventional oil and gas resources is that the oil sands contain enough resources per acre to justify a full geologic assessment and a production pilot before full-scale economic development takes place.
The refining and upgrading processes that convert heavy crude and bitumen to light crude and products were pioneered in the United States in order to gain the maximum product yield from Canadian heavy crude and bitumen blends.Western Canada’s key refinery markets of Montana,Minnesota,and Chicago have converted almost entirely to the processing of heavy crude and bitumen. As the Canadian crude stream continues to become heavier,Producers are now expanding their markets in the United States and accessing new overseas markets.
In contrast,the oil shale resource in the United States is similar to the oil sands,but it has yet to be economically developed.A comparison of the development history of the two resources shows that oil shale development has been stalled by the failure to complete a successful commercial oil
Volunteers are needed to help judge at the 45TH
ANNUAL CALGARY YOUTH SCIENCE FAIR
Friday April 7,2006 • 7:15 AM to Noon
Every year,the Calgary Youth Science Fair Society manages the Calgary Youth Science Fair to promote an interest in science in over 1000 Calgary area students.Many of the students at the fair present outstanding projects from their school science fair,and some of our best projects are sent to the Canada Wide Science Fair in May.This year the Canada Wide Science Fair is in Saguenay,Quebec.
We need approximately 350 judges for elementary projects (grades 5,6),and 200 judges for secondary projects (grades 7-12).
A science background is not required to judge elementary projects.All evaluation forms are provided,and judges will have a training session on March 21,2006.
If you have judged with us before,you know how enjoyable this small investment of your time can be.If you have not participated before,we have a wonderful experience in store for both you and the students!!
For more information,please look at our website: www.cysf.org.
shale project.This failure is largely the result of limited access to the most prospective oil shale leases,80% of which are held by the U.S.Federal Government.
Economic modeling of various oil sands projects shows that investors receive better returns from the sale of upgraded synthetic crude than from the production and sale of raw bitumen.As the former option significantly reduces price and market risk, producers have favored this option for almost all major projects in Western Canada.
The rise in long-term oil prices from approximately US$35/Bbl to greater than US$50/Bbl has,for the first time,added true economic rent to oil sands leases.The increase in lease value from a nominal value to an economic value has transformed the oil sands industry.
At Long Lake,Nexen and OPTI are investing in an asphaltene removal and gasification process that uses the heaviest part of the bitumen barrel for the energy requirements of the project,rather than natural gas.As with other industries,the oil sands industry is moving towards a more capital and technology intensive model to reduce its energy input per unit of output,and we expect more companies to follow the lead of the Long Lake project.
While we believe that some planned projects will be postponed in the next decade,the future of the oil sands is very bright.We expect oil sands output to grow from 1.15 million barrels per day in 2006 to 2.9 million barrels per day in 2015.
BIOGRAPHY
Steven Paget is currently Research Analyst, Energy at FirstEnergy Capital Corp.in Calgary. His research interests include oil sands production forecasting,market development and technology evaluation;coalbed methane forecasting,and Canadian offshore development evaluation.He was the co-author of “Coalbed Methane - A Seemingly Endless Source of Supply”in 2000,the first major report on Canadian coalbed methane published by an investment bank.Prior to joining FirstEnergy in 1998,Steven worked for Renaissance Energy Ltd.from 1996-1998. Steven received his B.A.(Ancient History and Archaeology) from the University of Calgary in 1994 and an M.A.(Classics) from the University of Toronto in 1996.
ROCK SHOP
APRIL LUNCHEON
Turbidite and linked shelf-margin deltaic processes at active and passive margins – controls on reservoir characterization
SPEAKER
Grant Wach
Dalhousie University,Halifax,Nova Scotia 11:30 am Tuesday,April 18,2006
TELUS CONVENTION CENTRE CALGARY, ALBERTA
Please note:
The cut-off date for ticket sales is 1:00 pm,Thursday,April 13th. Ticket price is $28.00 + GST.
Linked depositional systems on active and passive margins provide a variety of opportunities for accumulation of reservoir quality sands,but preservation and continuity of these deposits can be problematic.Continuity of reservoir is subject to depositional and stratigraphic control,in addition to the inherent structural complexity of the margin,coupled with syntectonic activity.One can not always make a clear distinction between active and
passive margin settings and associated depositional systems.For example shelf margin deltas delivering sediment down slope are largely absent offshore California, an active margin,where canyons are the primary delivery system.The Tanqua Karoo of South Africa was a basin associated with the Cape Fold Belt,an active margin setting, but there is evidence of shelf margin deltas linked to slope and basin floor fans.The area of Trinidad along the margin of the Caribbean Plate changed from a passive margin in the Cretaceous to an active margin in the Tertiary;a change that impacted the distribution and depositional style of the delta and fans,creating enigmatic sand bodies encased in shale.Passive margins are usually thought to be associated with large basinal catchment areas and shelf margin deltas,whereas active margins have narrow shelves and canyons.This may be the case for the Orinoco and Trinidad,but in contrast the Mississippi feeds the large Mississippi Canyon.
Studies of petroleum systems formed in depositional environments ranging from
(Continued on Page 16...)
Figure 1.Active margin – Jurassic deepwater slope fans deposited along the margin of the southern Pacific along the coast of Chile.
deltaic to deepwater fans,including examples from offshore West Africa,the Gulf of Mexico, South Africa,Trinidad,South America,and offshore Atlantic Canada,will illustrate reservoir complexities both on a basin scale, and at the field scale.At the basin scale, seismic and well log data sets are used to discern the presence of reservoir quality rocks and to develop a stratigraphic framework to use for predicting reservoir where little data exists.At the field scale the complex heterogeneities,i.e.,baffles and barriers that may limit oil and gas production (reservoir performance) will be illustrated.
Our preferred approach is to integrate analogous outcrop and subsurface data with iterative studies that incorporate regional basin-scale parameters (e.g.,plate movements and provenance) down to the microprobe (e.g.,complex mineralogy and effective porosity).Shallow seismic analogs are used for understanding and characterizing deeper reservoirs that are poorly imaged in the seismic data.Seismic data from the shallow time interval has better resolution to provide the critical stratigraphic and architectural detail.Integration with analog outcrop studies increases our “resolution” of these deeper targets.Data and interpretations from outcrop studies provide a sense of scale for reservoir systems where only sparse data are available.
VOLUNTEERS NEEDED
The CSPG Educational Trust Fund is looking for additional volunteers to serve both on the Trust Board and as members of committees.
The Trust’s Vision “Inspiring individuals to pursue a career in petroleum geology by funding targeted educational programs” is being combined with the following objectives:
Our Mission Statement is to:
Promote community awareness of petroleum geology and the impact geologists have on society. A growing demand for energy, declining production of petroleum, and our aging demographic require an increasing number of qualified petroleum geologists.
• Stimulate education and scholarship relating to petroleum geology.
• Educate individuals as to the benefits and challenges as a petroleum geologist.
• Provide innovative public education regarding geology, science and the environment. If you are interested in trying something new in your volunteering efforts, the Trust may be for you.
Please contact:
Bruce McIntyre, Chairman bmcintyre@sebringenergy.com, John Hogg, Director jhogg@br-inc.ca or Kim MacLean kim.maclean@cspg.org for further information or visit the Trust online at http://cspg.org/trust
BIOGRAPHY
Grant Wach is Professor of Petroleum Geoscience,Department of Earth Sciences and Director of Energy,at Dalhousie University.Prior to his 2002 appointment at Dalhousie,he was Geoscience Research Associate at Texaco Upstream Technology (now Chevron) in Houston, Texas.At Texaco he was a specialist in deepwater depositional systems,reservoir characterization, sequence stratigraphy,clastic sedimentology,and core description for business units,operating affiliates and partners worldwide.He has considerable exploration and commercialization experience in West Africa,the Far East,Americas, and Western Europe.
Grant began his petroleum industry career in 1979 with Syncrude.This provided a unique opportunity to spend several years working, literally,inside a complex oil reservoir.His undergraduate degree is from the University of Western Ontario,M.Sc.from the University of South Carolina,and D.Phil.from the University of Oxford.He has also worked for the Ontario Geological Survey and Exxon Production Research Company (now ExxonMobil).His publications and reports cover a broad spectrum of reservoir characterization,sedimentology,and sequence stratigraphy.He has lectured and led field seminars for universities and industry worldwide.
Figure 2.Passive margin – Pliocene shelf margin deltaic sands that are analogs to the prolific petroleum reservoirs offshore Trinidad.
DIVISION TALKS SEDIMENTOLOGY DIVISION
Diagenesis and fluid flow in the Southesk Cairn Complex,Alberta
SPEAKER
Hans G.Machel
Department of Earth and Atmospheric Sciences,University of Alberta
12:00 Noon
Monday,March 27,2006
Nexen Annex Theatre
+15 Level, North of C-Train Platform 801 - 7th Avenue SW, Calgary, Alberta
This study investigates past and present fluid flow through Devonian carbonate aquifers in the deep part of the Rocky Mountain foreland basin near Jasper,Alberta,Canada.One objective is to characterize the effects of regional,tectonically induced (squeegee-type) fluid flow within these aquifers during the Laramide orogeny.This study is not only of academic interest but also has implications for hydrocarbon exploration and development.
GEOFLUIDS DIVISION
CSPG Geofluids Division student travel bursary to attend Geofluids V conference.
A $300 bursary is available for a graduate student for travel to the Geofluids V conference in Windsor,Ontario in May 2006.
Please submit your accepted Geofluids conference abstract or a one-page description of your thesis research related to studies of groundwater,and basin terrestrial or submarine fluids,such as basinal brines, petroleum,and non-hydrocarbon gases, in terms of (bio)geochemistry and physical fluid flow.
Abstracts must be submitted to adamsjj@ ucalgary.ca by March 15,2006.Funded by our corporate sponsor IHS Energy.
The main aquifer under investigation is the Southesk-Cairn carbonate complex and adjacent areas.Highly elevated 87Sr/86Srratios and fluid inclusion homogenization temperatures in sparry calcite cements decreasing eastward from about 230 to 160°C indicate sublateral injection of formation fluids into the Devonian carbonates from the mountains during the Laramide deformation.In some locations, fluids appear to have been injected via subvertical faults from below.Overall, tectonically induced fluid flow appears to have been rather limited,extending perhaps only 100 to 200 km into the foreland basins.
The present formation fluids in these aquifers display several unexpected results.Most notably,the stable isotope values,hydraulic head,and bulk salinity data show a ‘light’ brine underlying a ‘heavy’ brine,both almost stagnant but with a slight updip movement. The ‘heavy’ brine probably is the residual of halite deposition farther east,somewhat diluted by metamorphic water derived from tectonic loading in the west.
These findings have several important implications.Firstly,large-scale hydrothermal dolomitization,which requires large fluxes and has been advocated recently for the deep part of the Alberta basin and similar geologic settings elsewhere,is not possible by squeegee-type flow.Secondly,the pervasive Laramide-aged remagnetization of much of the sedimentary sequence close to the limit of the disturbed belt in Alberta is not possible by this type of flow.An influence of squeegee flow on the hydrocarbon distribution is debatable.
INFORMATION
Talks are free – don’t forget to bring your lunch! Coffee and donuts will be provided.If you are interested in joining the Sedimentology Division e-mail listing which currently provides luncheon reminders,or if you care to suggest a technical topic or present a talk to the division, please contact Scott Rose at (403) 875-7673 or scott.rose@cspgsedimentology.org.Lunch talks are sponsored by HIS Energy (www.ihsenergy.com) and Birch Mountain Resources Ltd. (www.birchmountain.com).
PROUD SPONSORS
STRUCTURAL DIVISION
A discussion on folds,faults and fractures – what are the controls?
DISCUSSION LEADER
Paul McKay Consultant
12:00 Noon
Thursday,March 2,2006
Petro-Canada
West Tower, room 17B/C (17th floor)
150 6th Avenue SW Calgary, Alberta
Lunchroom discussions can often lead to new insights and approaches on a variety of different topics.Over a series of informal discussions a consistent question raised is why there aren’t venues and forums available to openly discuss some of the concepts that
float around structurally complex fractured reservoirs.Such a discussion time is proposed for the CSPG Structure Group on fracture systems,fold styles,and fault mechanisms using a scrap of paper,white board,pictures,and a healthy dose of intuition,observation,imagination,and good humour.
The thrust belt of the Western Canada Sedimentary Basin is a fascinating petroleum system.Aside from the tremendous economic potential of the region it also serves as one of the better understood analogies for the evaluation of other thrust belts around the world.Despite the historic effort and comprehensive data base developed for this area,there are several fundamental questions that remain unanswered.Why is the deformation in the Paleozoic section dominated by a few large displacement faults while the Mesozoic section has numerous small displacement thrusts? Why is the section gas charged? What is the relationship of the hydrocarbon pools in the Plains to those in the Foothills? These may be some of the questions that are discussed during this forum.
The discussion is to be informal and collaborative,please feel free to come with ideas,questions,and opinions.There is no guarantee for answers but there should be a lively and spirited discussion.Paul McKay will lead the discussion.Participants are encouraged,if they would like,to bring a diagram or picture,as a poster or in PowerPoint (on CD or memory stick),and it will be posted/projected for discussion.
BIOGRAPHY
Paul MacKay is a consultant specializing in structurally complex petroleum reservoirs and fracture description and development.He received his B.Sc.in geology from Queen’s University and his Ph.D.in structural geology from the University of Calgary.He is currently an adjunct professor with the Dept.of Geology and Geophysics at the University of Calgary,where he is conducting research into fracture detection, description and analysis.
INFORMATION
Talks are free;please bring your lunch. Goodies and drinks are provided by HEF Petrophysical Consulting,and the room is provided by Petro-Canada.If you would like to be on the Structural Division e-mail list,or if you’d like to give a talk,please contact Elizabeth Atkinson at (403) 296-3694 or eatkinso@ petro-canada.ca.
PALAEONTOLOGY DIVISION
Tenth annual APS palaeontological symposium:
Alberta’s Natural Heritage
Saturday,March 18,2005
Mount Royal College
4825 Mount Royal Gate SW Calgary, Alberta
Alberta Palaeontological Society,Canadian Society of Petroleum Geologists (Paleontology Division),and Mount Royal College Department of Earth Sciences jointly sponsor the symposium.On Saturday all lectures and poster displays are free and open to the general public.A fossil identification booth, video,and fossil displays will also be present on Saturday.Some special events are planned for families.No registration or fee is required except for those wishing to attend the Sunday, March 19th workshops (see below).
Speaker Schedule
(All lectures to be held in Wright Theatre, Level 2,Mount Royal College).Posters in the Leacock Foyer.
9:15 AM
Introduction – Dan Quinsey,APS President
9:30 AM
Taphonomic observations on the bonebed at Little Fish Lake,Alberta
Patty Ralrick,University of Calgary
10:00 AM
Alberta’s duck-billed dinosaurs
David Evans,University of Toronto
10:30 AM Coffee Break
10:45 AM
Palynostratigraphy and palaeoenvironments of the Lower–Middle Jurassic,Neill Klinter Group,Jameson Land,East Greenland
Dr.Eva Koppelhus,University of Alberta
11:15 AM
Deep Alberta
John Acorn,University of Alberta.
12:15 – 2:00 PM Lunch Break and Poster Displays
2:00 PM
Sixty years of Pachyrhinosaur discoveries in North America
Darren Tanke, Royal Tyrrell Museum of Paleontology
2:30 PM
CSI:Dinosaur Provincial Park.
Dr.David Eberth,Royal Tyrrell Museum
3:00 PM
Keynote speaker:Alberta dinosaurs –changing perspectives in research
Dr.Philip Currie,University of Alberta.
Children’s event (but all are welcome)
10:15 – 11:00 am on Saturday She sells sea shells
– a biography of Mary Anning Dan Quinsey,APS President
THE WORKSHOPS
Sunday,March 19th
Mount Royal College,Room B108
9:00 a.m.– 12:00 p.m.
From sea urchins to dinosaurs: how skeletons work
Dr.Donald M.Hendrson,University of Calgary
1:00 p.m.– 4:00 p.m.
Evolution on the half-shell:diversity and paleoecology of bivalved molluscs
Dr.Paul Johnston,Mount Royal College
Both these workshops will exhibit specimens and involve lectures and participant interaction.Attendees are welcome to bring in specimens for identification.No previous experience required.There are limited seats for each workshop.The registration deadline is March 7,2006.To sign up contact Vaclav Marsovsky at (403) 547-0182 or vaclav@ telusplanet.net.A nominal fee of $15 will be charged for each workshop to cover materials and preparation costs.Cheques should be made payable to Alberta Palaeontological Society.Payment may be handed in person to Vaclav or mailed to the APS mailing address,PO Box 35111,Sarcee Postal Outlet,Calgary,AB,Canada T3E 7C7
INFORMATION
For information or to present a talk in the future please contact CSPG Palaeontology Divison Chair Philip Benham at 403-691-3343 or programs@albertapaleo.org.Visit the APS website for confirmation of event times and upcoming speakers:http://www.albertapaleo.org/
Petrel
Reservoir Engineering
CALENDAR OF EVENTS
DATE: April 9-12,2006
EVENT: AAPG Annual Convention
LOCATION: Houston,Texas
INFO: http://www.aapg.org
DATE: April 25-28,2006
EVENT: 15th Calgary Mining Forum
LOCATION: Calgary,Alberta
INFO: http://www.meg.calgary.ab.ca
DATE: May 6-7,2006
EVENT: Calgary Rock and Lapidary Club Gem,Mineral & Fossil Show
Petrel* workflow tools provide a complete seismic-to-simulation toolkit— one solution uniting the subsurface domains of geophysics, geology, and reservoir engineering.
Reservoir engineers can use powerful new history matching capabilities with up-to-date production data while still honoring geologic information, work directly with geophysicists and geologists to evaluate the quality of the reservoir away from well control, and incorporate the geological features that impact reservoir performance most.
“Being able to run multiple simulations with multiple scenarios really helped bracket the uncertainty, especially with limited well control in the deepwater environment. Faster, more accurate answers with a greater range of uncertainties can be covered in a very short time.” Subsurface Lead, Murphy Oil
With Petrel software, all work processes lead to one shared earth model, resulting in faster, better decisions.
sisinfo@slb.com www.slb.com/petrel
Western Canada Geological Edge Set 2006 Version
Now available for import into ACCUMAP, GEOSCOUT and other applications
1) Mississippian Subcrops and Devonian Reef Edges - AB, NE BC, NT and SK
4) Colony/Sparky/Lloydminster Reservoir Trends - East-central Alberta
5) Bluesky-Dunlevy Reservoir Trends - NE BC
6) Triassic Halfway, Doig, Charlie Lake Siphon, Cecil, North Pine and Boundary Lake Reservoir Trends - Peace River Arch, Alberta, NE BC
All edges are formatted as map features for use in Accumap and ESRI Shape files for other programs. For more information contact: Mike Sherwin 403-263-0594
JACK PORTERVIGNETTES OF CANADIAN PETROLEUM GEOLOGY
(Continued from the February Reservoir)
JOSEPH B. TYRRELL – EMINENT HISTORIAN
Joseph B.Tyrrell’s involvement in the editing of recorded accounts of explorers,relative to the history of Canada’s North West, through his work with and contributions to the Champlain Society,entitles him to be recognized as a preeminent Canadian historian.Like the explorers and discoverers who had mapped and documented the geography of Canada’s North West during the fur-trade era from the early 17th to late 19th century,Joseph Tyrrell,as a geologist,had been given the opportunity by the Geological Survey of Canada to explore and map river routes left unchallenged by members of the Hudson’s Bay Company,the North West Company,and the French Canadian La Verendrye family of fur-traders and explorers (1731-1749).The latter and their associates withdrew from the interior of western Canada at the onset of the Seven Years War.The final exodus of French Canadians was completed in 1763 with the signing of the Treaty of Paris.
Joseph Tyrrell was no armchair historian, cloistered in archival research centers associated with universities,libraries, museums,and various institutions.Of his career of 17 years with the Geological Survey of Canada,five of his field seasons found him exploring and mapping the river systems and interconnecting lakes associated with the terrain of the Precambrian Shield in a remote region north of 55°latitude.He accepted,with fortitude,experiences endured by his antecedent fur-traffickers;having travelled in the same manner – often during prolonged inclement weather – suffered similar privations,labored over portages and relied on the survival skills of his native and Métis assistants in running the rapids or serving as guides.Most importantly,Joseph Tyrrell explored and mapped areas,some of which hitherto had existed as blank areas on the contemporary maps of Canada’s North West.He accomplished all this before he was 40 years of age.
The inaugural meeting of the Champlain Society was held in Toronto on May 17, 1905.The object of this nonprofit society
was to publish new editions of scarce books, including unpublished journals and correspondence bearing on the history of Canada.Notable academics,with extensive knowledge and historic fascination with the exploits of Canada’s explorers,were to be honoured with the task of editing the narratives of these intrepid travellers.Such editing entailed introductory remarks to the particular author’s journal as well as comprehensive footnotes pertaining to both the author’s narrative and any accompanying correspondence.
Initially,the membership to the Champlain Society was restricted to a maximum of 250 registrants,with a corresponding number of successive editions to be allotted on the basis of one to each member.However,since the Society’s roster of members was met within the first year of its existence,a decision was made by its executive to increase enrollment to 500,with the additional 250 editions being allotted to subscribing libraries.
The Champlain Society’s first volumes were published in 1907.It was originally planned that bi-annual volumes would be published. However,this practice was discontinued at the onset of World War I,when rising publication cost and the resignation of some members,resulted in a decision by the Society’s executive to restrict publication to one volume on an annual basis.This decision was not to alter costs of sustaining membership fees of $10.00 annually.
Joseph Tyrrell’s first contribution,as a founding member of the Champlain Society,was their publication in 1911 of his edition of Samuel Hearne’s Journey from Prince of Wales Fort,in Hudson Bay,to the Northern Ocean .This was followed in 1916 with the publication of his second volume titled: David Thompson’s Narrative of his Exploration in Western America 1784-1812 . This edition was an unequivocal success;so much so that its great demand confirmed the survival of the Champlain Society.Most
(Continued on Page 24...)
AAPG
Thank you for your generous support in 2005.
Abu Dhabi Oil Co., Ltd. (Japan)
Addison Energy
Adidas
AEUB
AGAT Laboratories
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Alberta Energy and Utilities Board
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APEGGA
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Devon Canada Corporation
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Divestco Inc.
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geoLOGIC systems ltd.
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Hydrocarbon Data Systems
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Intercontinental Seismic
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International Techtonics Consultants
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Keitech Wellsite
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KS Management Services Inc
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macdonaldcole inc.
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McLeay Geological Consultants
McMoran Oil & Gas
Meloche Monnex
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MI Casa Rentals Inc.
Micotan Software Company Ltd.
Midnight Oil and Gas Ltd.
Minerals Diversified Services, Inc.
MJ Systems
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Murphy Oil Company Ltd.
Natural Rocknobs
NCE Resources Group Inc.
Nexen Inc.
Nordin Resource Consultants
North Dakota Geological Survey
North Rim Exploration Ltd.
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Northstar Drillstem Testers Inc.
Northwest Territories Geoscience Office
Norwest Labs
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Ogilvie Printing Ltd.
Oilexco North Sea Limited
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Olympic Exploration & Production Co.
Olympic Seismic Ltd.
onlinetv
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Opus Petroleum Engineering Ltd.
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Peter Jones
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Petrel, A Schlumberger Product Group
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petroWeb
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Pulse Data Inc.
Q-Byte Services, A Division of IBM Canada
QMax Soluntions Inc.
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R E Newman Exploration Consultants Ltd.
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RigSkills
Rocky Mountain Association of Geologists
Roxar Software Solutions
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SUNDOG PRINTING
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Townsend Field Scouting
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University of Calgary
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Yukon Government
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ROCK SHOP
importantly,Tyrrell’s Narrative served to elevate David Thompson from anonymity to his rightful status of being one of the world’s greatest land explorers and cartographers.In respect to Joseph Tyrrell’s extensive historic writings and editing during his lifetime,the Narrative could be considered his magnum opus and had been considered to be the premier publication by the Society.Its demand resulted in a new edition,published in 1962 by the Champlain Society,five years after Tyrrell’s death and was titled: David Thompson’s Narrative 1784-1812 .It was cited as:“A new edition with added material edited with an introduction and notes by Richard Glover, Professor of History,University of Manitoba.” Subsequent annual volumes published by the Champlain Society and edited by Joseph Tyrrell,with an introduction and notes,were: Documents Relating to the Early History of the Bay , published in 1931;and the Journals of Samuel Hearne and Philip Turnor, published in 1934.During Joseph Tyrrell’s research, involving the gleaning of information relative to the preparation of the forenamed two volumes,he was given the fullest cooperation and assistance by the late Company’s archivist,R.H.G.Leveson Gower,at Hudson Bay House,London. Previously,the cataloguing and codifying of stored records was in a nascent stage. Prior to World War I,the general public, including academics,were not privileged to research their voluminous records.
Joseph Tyrrell was elected president of the Champlain Society,by his fellow members, for the term 1928-1932,in recognition of the contributions he made for its success (1934,September issue,The Beaver,W.S. Wallace: The Champlain Society ;pub. Hudson’s Bay Company,pp.42-44).
The Hudson’s Bay Record Society,an offshoot of the Hudson’s Bay Company,was established by the Governor and Committee in London in 1938.The concept engendering its formation had been generated a decade earlier,but the ensuing depression years had necessitated its realization to be held in abeyance.The object of the Society was the editing and publication of selected material contained in the Company’s archives at Hudson’s Bay House.This immense collection,amounting to 30,000 documents,including post diaries, journals and correspondence,represented the tangible overseas communication link between the Governor and Committee in London with their far-flung fur-trading empire of Rupert’s Land and beyond in North America.
The Champlain Society and the Hudson’s Bay Company had agreed that the Hudson’s Bay Record Society’s first 12 volumes would be published by the Champlain Society, following which successive volumes would be the responsibility of the Hudson’s Bay Record Society.Accordingly,this agreement was fulfilled with the 12 volumes published from 1938 to 1949.An additional 21 volumes were published solely by the Hudson’s Bay Record Society from 1950 to 1983.These 63 volumes cover all aspects of the Company’s fur-trade industry during the period 1671-1889,as sourced from the Company’s archives.Some 1,150 members constitute the limited enrollment of the Hudson’s Bay Record Society (1985,The Canadian Encyclopedia,Hurtig Publishers Ltd.,ed.in chief,James H.Marsh;p.844).
The first volume,published in 1938 for the Hudson’s Bay Record Society by the Champlain Society,was titled: Journal of Occurrences in the Athabasca Department by George Simpson,1820 and 1821,and Report.It was edited by E.E.Rich,St. Catharine’s College,Cambridge.In the preface,acknowledgements by E.E.Rich are noted for:“Dr.J.B.Tyrrell and Mr.W.Stewart Wallace (former librarian,University of Toronto) particularly have been most generous in their help,and special thanks are due to them.”
An amazing accomplishment can be attributed to Joseph Tyrrell’s cognitive ability when,a little over a month short of his 94th birthday,he had published in the September, 1952 issue of the Hudson’s Bay Company’s magazine,The Beaver,a review of the fourteenth volume of the Hudson’s Bay Record Society,published in 1951 and titled: Cumberland House Journals 1775-9.Its editor was E.E.Rich.
The archives of the Hudson’s Bay Company had been located in a succession of four different sites in London before they reached their present resting place in Winnipeg,Manitoba.Originally,they were contained in packing cases and sequestered in vaults,which were stored in the Company’s warehouse in London.There they remained secluded until 1924,at which time the archives were transferred to the Company’s fur-trade office,located at Garlick Hill,London,where they remained until 1927.In 1920,Sir William Schooling had been commissioned to produce a short history of the Hudson’s Bay Company in commemoration of its 250th anniversary. His well illustrated book was comprised of 129 pages and accompanying map.It was published in 1920 by the Company and
(Continued on Page 26...)
Canadian Petroleum Geologists Open
46th Annual Tournament
June 21, 22 & 23, 2006
The tradition continues when 176 geo-scientists meet for three days of competitive* golf and social events where business and personal relationships are initiated and maintained.
This tournament is a mixed event supported by over 150 E&P and service companies within the geological community.
Are you registered?
Look for the registration form in the March and April Reservoir.
*all welcome – golfers grouped by ability from scratch to duffer.
The Golf Committee would like to thank the following sponsors:
AGAT Laboratories
Belloy Petroleum Consulting
Devon Canada Corporation
Geo-Logic Systems
GeoStrata Resources Inc.
GLJ Associates Ltd.
Kestrel Data Ltd.
M J Systems
MD Totco
Precision Energy Services
Polaris Explorer Ltd.
Q-byte - a division of IBM Canada Ltd.
Rapid Technology Corporation
RECON Petrotechnologies Ltd.
Schlumberger of Canada
Sproule Associates Ltd.
Anadarko Canada Corporation
AON Reed Stenhouse
Baker Atlas Wireline
Burlington Resources Canada Energy
Continental Laboratories Ltd.
Datamax Oilfield Corp.
Enermarket Solutions
Fugro SESL Geomatics Ltd.
Genesis Executive Corporation
Geographix
Global Link Data Solutions
Greystone Resources Ltd.
Grizzly Resources Ltd.
IEXCO Canada Inc.
Jimel Oilfield Scouting Services Ltd.
McLeay Geological Consultants Ltd.
NCE Petrofund Corp.
Paramount Resources Ltd.
Rahkit Petroleum Consulting
Regent Resources Ltd.
RGS Consultants Ltd.
RigSat Oil Field Communications
Tectonic Energy Consulting Inc.
Total E&P Canada Ltd.
Varidata Surveys
West Canadian
Arcis Corporation
Beaver Drilling Ltd.
Canadian Discovery Ltd.
Canadian Society of Petroleum Geologists
Canadian Superior Energy Inc.
Core Laboratories Canada Ltd.
Divestco.com Inc.
FET-Focus Energy Trust Resources
Gabel Energy Inc.
Hycal Energy Research
Hydro-Fax Resources Ltd.
Martin Quinn
Meloche Monnex
Bow Valley Industries
Canadian Stratigraphic Services Ltd.
CL Consultants Limited
Delta P Test Corp.
Fekete Associates Inc.
Heather Oil Ltd.
MI Casa Rentals Inc.
Nordin Resource Consultants
Oleum Exploration ltd.
Pason Systems
Petrocraft Products Ltd.
Polaris Resources Ltd.
ProGeo Consultants
Quality Trophies and Engraving Ltd.
R E Newman Expl. Consultants Ltd.
Rana Resources Ltd.
Townsend Field Scouting Services Ltd.
Trivision Geosystems
Tucker Wireline Services Canada Ltd.
Wild Rose Geological Services
Wildcat Scouting Services (1991) Ltd.
Petro Tech Printing
Pure Energy Services Ltd.
San Dago Resources Ltd.
Seismic Brokerage Services Ltd
Spirit Energy Inc.
Total Gas
NAME:
SPOUSE’S NAME:
COMPANY:
ADDRESS (Bus.):
Registration Form
POSTAL
PHONE:
E-Mail:
All contestants are required to have a photo (any will do) in the Golfer’s Photo Roster. New applicants or former contestants who do not meet this request are considered to have submitted an incomplete entry. Former contestants who have submitted a photo in the past need not do so again
Handicap / Golf Index __________________ or Average of best three 18-hole scores in past 2 years:___________ If Index is less than 9.0, please provide your Club and Membership Number ____________________________________
Entry Fee: Includes three rounds of golf with power cart; Paid driving range; Door prize draws; Skill prizes; BBQ (at Elbow Springs) and Awards Banquet (Calgary Winter Club) both for you and your guest.
Cost: $330.00 Tournament Fee
*The course requires all golfers in a tournament of this size to use a power cart.The $18.00/day per golfer cart fee is included in the cost.
To assist the Entertainment Committee with budgeting, please indicate if you plan to attend the two major social events of the tournament: Wednesday Barbecue: Self: Yes ❑ No ❑ Guest: Yes ❑ No ❑ Friday Awards Banquet: Self: Yes ❑ No ❑ Guest: Yes ❑ No ❑
Make Cheques Payable To: Canadian Petroleum Geologists Open
Send Entries To: Canadian Petroleum Geologists Open or CPGO c/o Grizzly Resources Ltd
1000, 324 - 8th Avenue S.W. Calgary, AB, T2P 2Z2
Attention: Craig Boland
For more information call Craig Boland: 218-3221 E-mail: cboland@grizzlyresources.com
Change for 2006: This year 176 confirmed players are required one month before the Tournament date in order to book all 27 holes. Get your registration in early to confirm your spot and help the Golf Organizing Committee. This event has over twenty flights catering to all levels of player from Beginner to the Scratch player. New Golfers are welcome, with all entries ranked chronologically.
(...Continued from Page 24)
titled: The Governor and Company of Adventures of England Trading into Hudson’s Bay during Two Hundred and Fifty Years 16701920. Subsequently,William Schooling was commissioned,once again,to write a definitive history of the Company.This request precipitated a challenge for the cataloguing of the Company’s archival material.During the three years of their containment in Garlick HIll,significant strides had been made in extracting and indexing some of the early records of the Company in conjunction with Schooling’s research.In 1927,the Company’s archives were transferred to the uppermost floor of the Company’s new Hudson’s Bay House, located at Bishopsgate,London.In 1932 they were moved to the ground floor of the same building.At this juncture,all records relative to the Company’s history had been classified and indexed (1933, December issue of The Beaver,R.H.G. Leveson Gower: The Archives of the Hudson’s Bay Company, pub.Hudson’s Bay Company, p.40).
It was during the 1930s that the late Canadian academics,W.S.Wallace,former librarian,University of Toronto and Arthur S.Morton of the history Department, University of Saskatchewan conferred with R.H.G.Leveson Gower,the Company’s archivist,of the period,in the Archives Room Hudson’s Bay House.At the time, access to archival material was only available to researchers for the period 1670-1870;essentially the time frame that was incorporated in the title of Arthur Morton’s monumental history, A History of the Canadian West to 1870-71 .Its first edition was published in 1939.
An agreement to transfer the Hudson’s Bay archives from Beaver (Hudson’s Bay House) House in London to the Provincial Library and Archives Building in Winnipeg was endorsed on July 31,1973 by Governor George T.Richardson of the Hudson’s Bay Company and Premier Ed Schreyer of Manitoba.The physical transfer of the archives,chronicling over three centuries of Western Canada’s past,were expected to have been completed by late 1974.These priceless archives now reside in their rightful home.They could be considered one of Canada’s greatest treasures (1973,Autumn issue of The Beaver,ed.Helen Burgress: HBC Archives To Come To Manitoba, pub.Hudson’s Bay Company,p.32).
To be continued....
2006 WIUGC CONFERENCE A GREAT SUCCESS
BY MARC BOULET, 3RD YEAR GEOPHYSICS STUDENT, UNIVERISTY
“Information is the seed for an idea,and only grows when it is watered”–
Heinz Bergen
The 42nd annual Western Inter-University Geosciences Conference (WIUGC) took place at the Telus Convention Centre in Calgary in January,with over two hundred post-secondary delegates attending from universities across western Canada,including the Universities of British Columbia,Alberta, Saskatchewan,Regina,and Manitoba,as well as the University of Calgary.
Paul Levesque,the WIUGC 2006 chairman, indicated that this year’s setting in Calgary provided a unique opportunity for attending delegates.“We believe that the WIUGC is a great way to showcase the incredibly diverse knowledge base that Calgary,and Alberta as a whole,offers in the geosciences.We also felt that it was important to acknowledge the growing reach and sophistication of the geosciences,and not to be limited strictly to geological topics.As a result,the G in WIUGC was officially changed from Geological to Geosciences.”
AN EXCHANGE OF IDEAS
This year’s conference was geared to provide an exceptional forum for the exchange of ideas,technical knowledge,and career information.This year’s short course,offered by Veritas DGC Inc.,focused on cutting-edge seismic techniques used in exploration geophysics,such as modern multicomponent (MEMS) acquisition,amplitude variation with offset (AVO),and prestack depth migration (PSDM).Delegates were also treated to a number of field trips,including a visit to the Tyrrell Museum in Drumheller to get a behind-the-scenes tour of its world-famous dinosaur collection.There was also a field trip to the EUB Core Research Centre,home of 1.54 million metres of core and 16 million drill-cutting samples,as well as the 3D Seismic Imaging Centre,situated at the University of Calgary.Bill Ayrton provided a fun and informative walk through a number of downtown buildings in Calgary to discuss their geological significance.
The conference was replete with two full days of industry and student talks as well as poster presentations.They covered a wide range of topics,from the distribution of diabase dykes in the Northwest Territories, to loess deposits in Siberia,to the challenges of drilling offshore wells at Hibernia.The hard-working judges poured over every talk and poster presentation to assess the winners.The CSPG sponsored the Jack D.
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Webb Prizes for the first-place talks in the graduate and undergraduate categories.Erik Katvala of the University of Calgary won in the graduate category for his talk on
“Redefining Technostratigraphic Terranes.” Heather Wilson,a University of Calgary undergraduate student,won for her talk on
OF CALGARY, CO-CHAIR, WIUGC 2006
PSDM Presentation
WIUGC Exhibit Hall
Shell Canada Information Table (Continued on
“Physical Properties as a Means for Investigating Changes in Eruption Dynamics.”
Imperial Oil generously provided the remaining prizes from Green’s Rock & Lapidary Ltd.The second-place graduate talk was given by Marie-Eve Caron of the University of Calgary on “Nahanni Mineral and Energy Resource Assessment:Trends in Spring Geochemistry.” Anders Carlson of the University of Manitoba won the second-place undergraduate talk based on the “Formal Evolution of Marginal Carbonate Pinnacles from a Coastal Salin,South Australia.” The first-place poster presentation was given to Sándor Süle,et al.of the University of Saskatchewan,on their “Regional Tectonic and Petrophysical Study around the Weyburn Oil Field.” Congratulations to Bernadette Knox,also from the U of S,for her secondplace poster finish.
The Friday luncheon keynote by Philip Benham,staff geologist at Shell Canada,was especially eye-opening,as he framed the issues of sustainable development in Madagascar in a thoughtful and enlightening way.A heavily-frequented career fair was scheduled for those delegates who were interested in leveraging their geoscience education as well as making industry contacts.A host of technical societies, including the CSPG,as well as exploration and service companies from across western Canada,were on-hand to provide expert information and career guidance.
FUN TIMES
Of course,any conference would not be complete without the opportunity to meet and mingle,and this year’s WIUGC was no exception.Thursday night’s event,the Rock Breaker,sponsored by Tucker Wireline Services,featured a live performance by local favourites The Villains.Friday night offered delegates the opportunity to sample Calgary’s vibrant nightlife.The wind-up banquet on Saturday featured a dinner and dance.It was highlighted by the fascinating and entertaining keynote talk on the incredible wealth of dinosaur resources in Alberta by Dr.Phillip Currie,the former Curator of Dinosaurs at the Tyrrell Museum of Palaeontology and currently a Canada Research Chair at the University of Alberta. Saturday’s keynote was graciously sponsored by Sigma Explorations.The evening was capped off by the presentation of a gift from Paul Levesque to the University of Manitoba committee,who will host the 2007 WIUGC.
VOLUNTEER AND SPONSOR SUPPORT
As a member of the organizing committee,I was also able to see the incredible work that went on behind the scenes to make an event
WUIGC Exhibit Hall
Poster Sessions Provoke Discussion
Ayrton’s Walking Tour of Downtown Calgary
WIUGC SPONSORS
Shell
Petro-Canada
Imperial Oil Ltd.
Apache Canada Ltd.
Tucker Wireline Services
Nexen Inc.
Veritas DGC Inc.
EnCana
Sigma Explorations Inc.
EOG
GeoGlobal Resources Inc. Canadian
Grafikor Printpak
AFS Ainsworth
HEF Petrophysical
CSPG
CSEG
APEGGA
The University of Calgary
of this magnitude happen.The vibrancy of Calgary’s geoscience community was well evidenced by the tremendous support that this year’s WIUGC received.The 2006 committee would like to thank all the sponsors and volunteers for their logistical and financial resources – especially the industry personnel,students,judges,and especially the CSPG,who came down and donated their time at the conference and enriched it beyond measure with their eagerness and enthusiasm.
We’d also like to extend a special thank-you to Phil Simony,Professor Emeritus at the University of Calgary,who delighted the WIUGC 2006 committee with his tale of attending the very first WIUGC in Saskatoon in 1964.He certainly gave us a sense of the history and tradition behind this event,which will continue for many years to come.See you next year in Winnipeg!
Photos Courtesy of Penny Colton
Keynote Luncheon
POCO PEMBINA
2/14-35-46-8W5 Rock Creek and Ostracod Gas
Following the discovery of oil from the Cretaceous Cardium sand in the mid-1950s, the Pembina Field turned out to be the biggest single discovery in the history of exploration in Western Canada.Yet,the region is relatively underdeveloped with respect to deeper pools.Only in the past few years has this status begun to change with increasing success in the Lower Cretaceous and Jurassic formations.One of the more significant of these later discoveries is the 1998 well drilled at 2/14-35-46-8W5 by Poco Petroleums (now Burlington Resources Canada),which is producing gas from the Jurassic Rock Creek subcrop play and overlying Cretaceous Ostracod sands.
A success from the start,the 14-35 well flowed gas at 5 mmcf/d during the first month of production,and has since produced over 3.5 bcf of gas.This development of the Rock Creek is in the center of Jurassic and Lower Cretaceous activity located on the south side of the Pembina gas strike area.The Regional Setting Map (Figure 1) shows the location of Poco’s well,along with the positions of other deeper zone producers.
A historical account of the Pembina region (i.e.,the area covered in the Regional Setting Map) is really the story of the Cardium over a background of less significant discoveries.An indication of this dominance is given by Figure 2,which shows Cardium producers compared to all zones combined.The Cardium was the first major discovery in the region with a successful completion at 4-16-48-8W5 in 1953.That year also saw the discovery of Belly River oil,which stood to be a convenient, albeit minor,shallow secondary zone.From 1953 to 1955 the number of completions per year in this 25-township region shot up from 7 to 619.The level of activity in the area declined over the next five years,and in 1961 only 14 wells were completed for the Cardium.From 1961 through to the early 1990’s Cardium oil continued to be the dominant target,and only after 1994 did Lower Cretaceous and Jurassic reservoirs become major zones of interest at Pembina.
Two zones are identified in the 14-35 logs as gas-bearing.The Rock Creek member provides the better pay of the two,while a secondary gas pay zone is present in the Ostracod Formation.The Rock Creek,which is 17 metres thick at this location,is
(Continued on Page 32...)
BY ROCKY MOTTAHEDEH, P.ENG. P.GEOL., UNITED OIL & GAS CONSULTING LTD.
Figure 1.Regional setting map.
Figure 2.Distribution of producers by year.
Figure 3:Core photographs from the 14-35-46-8W5 well,illustrating sections of the Rock Creek Member,the Ellerslie Formation,and the Ostracod Formation.
Figure 3-a:Transition from lower tight shale to upper sands.The sand is moderately bioturbated,showing a minor degree of burrowing into the underlying muds.
Figure 3-b:Rock Creek Member,narrow section of finely layered sands.Figure 3-c:Rock Creek Member,highly bioturbated sand.Disturbance from burrowing organisms has completely removed all traces of the original sedimentary structures.Figure 3-d:Rock Creek Member,calcareous shell layer,approximately 4m above the base of the sand.
Figure 3-e:Ellerslie Formation.Tight sands separated by shale stringers exhibit excellent fine-scale cross-bedding.Figure 3-f:Ostracod Formation.Tight greywacke with bivalves and gastropods.Figure 3-g:Ostracod Formation.Possibly a similar sand to that shown in Figure 3-f,but has undergone leaching of calcareous materials. Scale:core diameter = 4.5 inches.
(...Continued from Page 31)
composed of a lower 8m-thick,tight shale and an upper 9m-thick,partially porous sand. The texture and composition of the sand is variable throughout its thickness in a number of ways.Most apparent is a significant difference in the level of bioturbation,which varies from moderate over the sand’s lower 3 metres (Figure 3-a),to absent throughout the overlying 0.5 metres (Figure 3-b),to extreme throughout the uppermost 5 metres (Figure 3-c).Carbonate content is another variable throughout the zone,as is the presence of shell material (Figure 3-d),which may be found in rare,discrete layers.Two porous zones,each about a metre thick and close to the center of the sand member,form the Rock Creek pay zone.Porosity in both zones is on a fine- to micro-scale,with little porosity apparent in hand sample.Highly bioturbated Rock Creek sands of this region have been described by Lorne Rosenthal,in his Ph.D.thesis (Stratigraphy,Sedimentology, and Petrology of the Jurassic - Early
Cretaceous Clastic Wedge of Western Alberta,1989).The similarities between the sands described by Rosenthal and the sands observed at 14-35 indicate that they are part of the same group,which was interpreted by Rosenthal as being deposited in marine shelf conditions.Capping the Rock Creek on the other side of the pre-Cretaceous unconformity is the Cretaceous Ellerslie Formation.This formation is composed of sands containing numerous shale stringers (Figure 3-e).Above the Ellerslie,the Ostracod Formation is composed mostly of tight greywackes with fossils interspersed (Figure 3-f) and a 1m-thick porous zone resulting from dissolution of carbonates (Figure 3-g).
Along with the Juraassic Poker Chip Shale and Nordegg,the Rock Creek member represents part of a westerly thickening clastic wedge,which unconformably overlies successively older strata from west to east. Following the deposition of the Rock Creek during the Bajocian transgressive event,the region experienced extensive tectonic
activity related to the Columbian Orogeny. Basin development and periodic exposure led to the unconformable contact between the Jurassic and the overlying Lower Cretaceous.
In summary,the geological evolution of the Pembina Rock Creek pool began with the deposition of sands on a mid-Jurassic shelf. Evidence from core observations suggests that these sands have maintained original micro-porosity that was later augmented by minor chemical dissolution of shell material. Development of a trap for the pool was the result of local variation in porosity of the Rock Creek,followed by pre-Cretaceous erosion and subsequent deposition of the shaly basal Ellerslie to form the top seal.
INFORMATION
This article is condensed from a more in-depth review by Canadian Discovery Ltd.For the full report or information on products offered by CDL,please visit www.canadiandiscovery.com or call 269-3644.
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AAPG Canada Region VOLUNTEERS WANTED!
The Canada Region of the American Association of Petroleum Geologists (AAPG) needs you. If you are a member of the AAPG and interested in volunteering, please consider how you can assist.
Members of the Canada Region are wanted to serve on various committees, and if you are an Active, Honorary, or Emeritus Member of the AAPG you are also eligible to take advantage of one or both of the opportunities below.
1) Call for Nominations for Delegates, 2) AAPG House of Delegates
The Canada Region is currently represented in the AAPG House of Delegates by thirteen Delegates from the Region, and there will be five vacancies in these 3-year positions for the coming term of office (2006-2009). There are also additional opportunities to serve as Alternate Delegates.
The House of Delegates of the AAPG is responsible for all legislative functions of the Association, within the scope of the AAPG’s Constitution and Bylaws.
As a group, the HOD is an influential body and serving as a Delegate is a great way to get involved in the workings of the AAPG. Canadian Region Delegates also participate in the Executive Committee of the Region.
Interested? Want more information? Want to submit your name – or that of another candidate?
Then for any of these opportunities please contact the following (as soon as possible before April 30, 2006): Bob Phelps, Secretary/Foreman bphelps@valiantenergy.ca 403-237-5163 or by mail: AAPG Canada Region c/o CSPG, 160 540 – 5th Avenue SW, Calgary, AB T2P0M2
“June is Busting Out All Over” with AAPG Education Opportunities
FieldSeminars!!
Predicting Clastic Reservoirs Using Applied Sequence Stratigraphy: Understanding the Fundamental Drivers of Basin Fill Architecture
Leaders: Lee F. Krystinik, ConocoPhillips, Houston, TX and Beverly Blakeney DeJarnett, Bureau of Economic Geology, The University of Texas, Houston, TX
Dates: June 5-11, 2006
Location: Begins and ends in Salt Lake City, Utah
Tuition: $2,000 (increases to $2100 after 5/08/06), includes ground transportation, guidebooks, some meals
Limit: 25
Content: 4.2 CEU
Who Should Attend Geologists and Geophysicists of all experience levels.
Folding, Thrusting and Syntectonic Sedimentation: Perspectives from Classic Localities of the Central Pyrenees
Leaders: Antonio Teixell, Universitat Autònoma de Barcelona, Spain, and Antonio Barnolas, Instituto Geológico y Minero de España, Madrid, Spain
Dates: June 12-16, 2006
Location: Begins and ends in Barcelona, Spain
Tuition: $1,750 USD (increases to $1850 after 5/01/06), includes guidebook and course materials, internal and roundtrip transportation from Barcelona, lodging, and all meals.
Limit: 22
Content: 3.5 CEU
Who Should Attend
Exploration and development geologists and geophysicists interested in thrust-fold structures and tectonics-sedimentation interactions in compressional belts.
Sequence Stratigraphy and Reservoir Distribution in a Modern Carbonate Platform, Bahamas
ShortCourses!!
Quantification Of Risk — Petroleum Exploration & Production
Date: June 6-9, 2006
Location: Denver, Colorado
Tuition: $995, AAPG members; $1,095, non-members (increases to $1095/1195 after 5/9/06), includes course notes and refreshments
Limit: 40 persons
Content: 3.0 CEU
Instructors: Gary Citron, Mark McLane, Rose and Associates, Houston and Midland, TX, respectively
Who Should Attend
Leaders: Gregor P. Eberli, Comparative Sedimentology Laboratory, University of Miami, Miami, FL; G. Michael Grammer, Dept. of Geosciences, Western Michigan University, Kalamazoo, MI; Paul M. (Mitch) Harris, Chevron Energy Technology Co., San Ramon, CA
Dates: June 12-17, 2006
Location: Begins and ends in Miami, Florida. Four days are spent on a chartered boat in the Bahamas.
Tuition: $3,600 (increases to $3700 after 5/16/06), includes flights to and from the Bahamas to Miami, boat, accommodation in the Bahamas and all meals
Limit: 11
Content: 4.2 CEU
Who should attend
Petroleum geologists, geophysicists and reservoir engineers who are working in carbonates and need to understand facies heterogeneities and porosity distribution on exploration and production scales.
Course is designed for geologists, geophysicists, engineers, and their managers. The course is also helpful for financial advisors, corporate planners, accountants, and state and federal government individuals.
Practical Salt Tectonics
Date: June 26-28, 2006
Location: Dallas, Texas
Tuition: $795, AAPG members, $895, non-members (goes up to $895/995 after 5/26/06), includes course notes and refreshments
Content: 2.1 CEU
Instructor: Mark G. Rowan, Consultant, Boulder, CO
Who Should Attend
Exploration and production geologists, geophysicists, and managers working in salt basins worldwide who need either an introduction to salt tectonics or an update in this rapidly evolving field.
Geologic Tour through the Nap a-Sonoma “Wine Country” Region
Leaders: Brent Miyazaki, Innovateur International, Pasadena, CA, Laurie McClenahan, MHA Environmental Consulting, San Mateo, CA
Dates: June 10-14, 2006
Location: Sonoma Valley, California (begins and ends in Oakland, CA)
Tuition: $2,300 per individual or $3,675 per couple (increases to $2,400 per individual/$3,775 per couple after 5/3/06), includes 4 nights lodging, bus transportation, 2 lunches, daily refreshments, tours and tastings at 9 different wineries, a group gourmet dinner event, entrance to historic sites and guidebook.
Limit: 30 persons
Who Should Attend
Geologists, spouses/partners and anyone who would like to experience the area’s historical and cultural treasures while tasting various wines from a region rich in natural resources.
THE BMO RETIREMENT TRENDS STUDY – OVERVIEW
Canadians 45 and over are challenging the status quo, rejecting stereotypical notions of retirement.
INTRODUCTION
Most Canadians agree that the traditional meaning of “retirement” is inaccurate by today’s standards.It no longer reflects the realities of those who are deemed to be “in” retirement and the perceptions of those who are approaching what was thought to be a static stage of life.In fact,new research suggests that retirement is no longer a fixed point in time,but rather a transition between full-time work and active retirement — a far more flexible concept than once thought.
The BMO Retirement Trends Study offers a forecast of the kind of life Canadian retirees and pre-retirees envision for their future.It reveals the attitudes of 5,325 Canadian financial decision-makers 45 and over and corroborates the growing body of qualitative and anecdotal evidence that the notion of retirement is changing.
While other studies have focused on retirement in Canada,the BMO Retirement Trends Study is the most comprehensive to date,delving deeper to reveal the tendencies that have altered the status quo and will continue to shape the future of retirement for older Canadians.
SURVEY METHODOLOGY
BMO Financial Group and Ipsos Reid conducted an online survey between
(Chart
How do you define retirement?
October 21 and October 27,2005.A randomly selected sample of 5,325 financial decision-makers age 45 or over,with financial assets of at least $25,000,completed the survey.Based on the sample size,the results are considered accurate to within 1.34 percentage points,19 times out of 20,vis-àvis what they would have been had the entire population of Canadians 45 and older,with financial assets of at least $25,000 been polled.The data were weighted to ensure the sample’s regional and asset composition were indicative of the Canadian population,according to 2001 Census data.
KEY FINDINGS
The Study reveals a population that is both positive and confident in its prospects for retirement,with the most compelling aspect of the ‘new retirement’ being that pre-retirees expect to keep working into their socalled retirement years.Furthermore, the findings underscore a consistent theme — a unilateral disdain for the stereotypical and idealistic notions of retirement as a period of life when older Canadians withdraw from society and take up residence on their front porch.The following is a
(Continued on Page 36...)
1)
snapshot of the overall Study findings.
Retirement should be redefined. Retirement doesn’t mean today what it meant in the past.Nine out of ten (87%) respondents agreed with this statement.When asked which of a series of eight phrases the new term for retirement should be,they responded as shown in Chart 1 (Page 35).
No more doom and gloom. Contrary to the perception that people feel anxious about retirement,the Study revealed a sense of optimism shared by both retirees and pre-retirees. Both groups chose the top words or phrases for retirement as “freedom,” “more leisure time,” “the next stage of my life,” “fun” and “confidence.” According to both groups,the least relevant terms were “anxiety,” “loneliness” and “uncertainty.” In fact,74% of retirees and 73% of pre-retirees picked “freedom,” while only 5% of retirees and 7% of pre-retirees chose “anxiety” to describe retirement.In fact, 74% of retirees and 73% of pre-retirees picked “freedom,” while only 5% of retirees and 7% of pre-retirees chose “anxiety” to describe retirement (see Chart 2).
Pre-retirees and retirees would prefer not to work. When asked how they would “ideally” like to spend time in retirement,both retirees and pre-retirees prefer not to work,regardless of their current retirement status,age, gender,and level of wealth (see Chart 3).
In reality,pre-retirees will work more than their older counterparts.When preretirees were asked about working after traditional retirement,58% plan to work for an employer in some capacity and 50% expect to spend some time working for their own or family business when they retire.Only 16% of current
How do you feel about retirement?
retirees spend a “great deal” or “some” time working for an employer and 17% of current retirees spend a “great deal” or “some” time working for their own or family business (see Chart 4).
Working longer is about staying active.The primary reasons preretirees expect to be working are listed in Chart 5.
Men and women appear to retire for different reasons. While responses to other reasons for retiring are similar between men and women,the former (31%) are more likely than women (19%) to have retired because they “felt they had enough money to retire.” Women (15%) are more likely than men (11%) to have retired because they “wanted to spend more time with family” or because of a “health condition” (21% of women vs.16% of men). Men (29%) are also slightly more likely than women (25%) to feel that their lifestyle has turned out better than expected (see Chart 6).
More charitable with age. The likelihood of spending or expecting to spend a great deal of time “doing non-profit or charitable work” increases with age.The breakdown for those spending or expecting to spend a great deal of time volunteering is shown in Chart 7.
The average monthly income desired in retirement is $3,500. When asked about funding retirement,a majority of preretirees (66%) saw it from a monthly income perspective, with $3,500 as the average. Almost a quarter of those surveyed (24%) considered retirement funding from an annual income stream perspective,with $54,700 per year as the average.Only a very small proportion (8%) had a lump sum in mind,with $649,500 as the average anticipated requirement.(see Chart 8)
Two-thirds of retirees and pre-retirees have or will have debt in retirement.
According to the Study,of the 64% of retirees who carry debt into retirement, more than one in four (28%) does not feel comfortable with the debt load.More than two-thirds (68%) of pre-retirees expect to carry debt into retirement.
SUMMARY
The Study results offer an unprecedented glimpse of the future of retirement in Canada.While some areas are cause for concern,popular “doom and gloom” scenarios of retirement are contrary to the research findings.In fact,Canadians 45 and older have an optimistic view of the future and of themselves as a vibrant segment of the population ready to move on to an exciting phase of life.
So,what does that mean for the traditional method of retirement planning? It requires some rethinking,to say the least.The narrow and formulaic approach to retirement,based on outdated assumptions about what retirement looks like,will require a dramatic overhaul.Where retirement planning was once focused primarily on asset accumulation,the research demands an
Reasons forRetiring
Felt
emphasis on planning for income needs during the transition from a career and during active retirement.
ABOUT BMO FINANCIAL GROUP
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified North American financial services organization.With total assets of more than $297 billion as at October 31,2005,and more than 33,000 employees,BMO provides a broad range of retail banking,wealth management,and investment banking products and solutions.BMO Financial Group serves clients across Canada through its Canadian retail arm,BMO Bank of Montreal,and through BMO Nesbitt Burns, one of Canada’s leading fullservice investment firms.In the United States,BMO serves clients through Chicago-based Harris,an integrated financial services organization that provides more than one million personal,business,corporate and institutional clients with banking,lending, investing,financial planning,trust administration,portfolio management,family office,and wealth transfer services.
The Technical Committee has put together a first class offering of oral presentations,poster sessions, core presentations,field trips,and short courses for the upcoming 2006 Joint Convention.
The Final Circular is being distributed in a separate mailing which will include detailed information about the technical programme.It will also contain the convention schedule,special events,exhibitor floor plan,and a registration form.
We are looking forward to a successful 2006 Joint Convention to find out...What’s next? Where is our industry heading?
REGISTRATION OPENS
As you are probably already aware,the 2006 Joint Convention will be a joint meeting of the CSPG, CSEG and CWLS.Together,the membership of these societies represents an important and significant cross-section of the petroleum industry’s technical community.Along with this,the attendance of the convention is expected to be over 3,200 Delegates!
Registration Forms are available online at www.GEOconvention.org.
Watch for the Final Circular being mailed to you soon!!
CSPG CSEG CWLS Joint Convention), please send registration form(s),with payment,to: WHAT’S NEXT? Where is our industry heading? c/o CSPG Office 160,540-5th Ave SW Calgary,Alberta T2P 0M2 Fax:(403)
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