A010 Canadian Arctic - Perspectives for the Petroleum Industry D. Evoy* (Petro-Canada) SUMMARY The oil and gas prospectivity of the Canadian Arctic has been demonstrated through exploration dating back to the 1960s; resources in the order of 20 Tcf of gas and 1.5 Bbbls of oil have been identified. However there has been no gas production to date and only a modest amount of oil has been produced. The Mackenzie Valley Pipeline currently under regulatory review is the proposed transportation route for development from the Mackenzie Delta / Beaufort Sea. More preliminary is the concept of LNG shipment from the