The Energy sector continues to be a strong foundation industry for Alberta that is built on years of experience, ample natural resources, and proven success to evolve with a changing economic landscape. Annual oil production from facilities located close to Vegreville has been consistent year over year, with total cumulative production over six years of close to 2 billion Barrel of Oil Equivalent (BOE). (2013-18 Alberta HUB energy Profile)
Vegreville is part of the Alberta HUB region which offers excellent investment opportunities in its core oil and gas industry.
Vegreville has easy access to the second largest heavy oil and gas reserve in Alberta, the Cold Lake Oil Sands area (NE), and into the southern part of the Athabasca Oil Sands (N).
Vegreville is located in a conventional oil/gas region that extends towards the west and south.
Vegreville’s proximity and easy access to Alberta’s Industrial Heartland offers investment opportunities to serve the petrochemical sector.