Annual Oil and Gas Extraction Survey (OGEX)

Oil and gas operating costs of economy, value

Oil and gas operating costs refers to operating costs related to oil and gas extraction. Operating costs include wages, salaries and employers' social contributions, intermediate purchases, consumption of fixed capital and net taxes on factors of production.

Economy refers to the entire set of resident institutional units. It is divided into sectors that consists of groups of resident institutional units. An institutional unit is resident in a country when it has a centre of economic interest in the economic territory of that country. It is said to have a centre of economic interest when there exists some location - dwelling, place of production or other premises - within the economic territory on, or from, which it engages, and intends to continue to engage, in economic activities and transactions on a significant scale either indefinitely or over a finite period of time.

The data for this variable are reported using the following measurements:

• Canadian dollar at current prices