The provincial government is moving forward with plans to significantly increase oil production in the Saskatchewan. This decision includes funding a new energy innovation hub in Regina.
The Prairie Technology Research Centre (PRTC) at the University of Regina has long been a leader in petroleum industry research. Now, its receiving $1.5 million in funding to the PTRC for creation of an Energy Innovation Hub.
“The equipment has been refurbished, upgraded. It’s going to allow us to do some new things here at PTRC that we weren’t able to do before,” explained Jeremy Harrison, minister in charge of Innovation Saskatchewan.
“Working with our industry partners with the ultimate objective of actually having more oil that is produced here in the province of Saskatchewan.”
Saskatchewan currently produces about 480,000 barrels of oil a day. The province is looking …