A branch of economic geology, petroleum geoscience studies the origin, migration and accumulation of oil and gas, particularly for the discovery and development of profitable deposits.
The majority of subsurface petroleum and natural gas resources in British Columbia are owned by the Province. By entering into a tenure agreement with the Province, private industry can develop these resources.
The Province collects royalties on oil and gas production.
The Northeast is the only area of B.C. producing commercial quantities of oil and gas.
High-level land use plans along with identified environmental and social values provide guidance for all oil- and gas-related decisions.