SASKENERGY 2017-18 ANNUAL REPORT
During 2017-18, SaskEnergy reviewed the future prospects of its non-core business with the objective to maximize enterprise value. As a result, certain gathering, treatment and compression assets are being marketed for sale. SaskEnergy endeavors to work with private sector partners to grow its non-core business. However, the economic climate continues to cause those in the industry to proceed cautiously, resulting in very little activity in the sector in 2017-18. The results for the metric related to third-party capital investment are a reflection of this environment. The slowdown in the oil industry also impacted the Corporation’s plans for liquefied natural gas OUR TEAM Our Team is comprised of employees, contractors and business partners. These groups work collaboratively to develop mutually beneficial solutions for customers while improving the efficiency and effectiveness of work processes. With the provincial government’s mandate to demonstrate cost restraints, SaskEnergy continued aggressive vacancy management in 2017-18. While significant savings have been realized in the short term, aggressive vacancy management will continue to impact customer service levels. Retirements in key
(LNG) and compressed natural gas (CNG) initiatives. The metric for Associated Gas Capture as a Percentage of Saskatchewan Sourced Volume is designed to reflect the efforts being undertaken on flare gas capture to satisfy some of the Saskatchewan demand for natural gas while reducing greenhouse gas emissions. Further upside comes from the opportunity to mitigate third-party transport costs to import supply from Alberta. Although progress is being made on projects to acquire associated gas and convert it into CNG or LNG at the wellhead, the low price environment for natural gas is causing third- party investors to proceed slowly and with caution. operating areas are further exacerbating the longer-term impacts of vacancy management as the experience and knowledge of those retirees is lost. However, efforts to foster a results-focused culture, along with effective leadership development and succession management practices, continue to provide positive results. The Our Team mandate also reflects SaskEnergy’s commitment to providing “the right resource at the right place at the right time”. Within Our Team, there are three categories of measures — Physical Safety, Employee Engagement and Workforce Diversity.
March 31, 2017 Actual
March 31, 2018 Actual
March 31, 2018 Target
March 31, 2019 Target
March 31, 2020 Target
March 31, 2021 Target
March 31, 2022 Target
Strategic Measure Physical Safety Total Recordable Injury Frequency Rate
Third Quartile
Second Quartile
Second Quartile
Second Quartile
Second Quartile
Second Quartile
Second Quartile
Employee Engagement Employee Survey
N/A At or above Survey Norm
N/A
At or above Survey Norm
At or above Survey Norm
At or above Survey Norm
At or above Survey Norm
Workforce Diversity Youth (30 years of age or less)
11.5%
12.6%
16.0% 17.0% 18.0% 18.0% 18.0%
15.4%
First Nations/Métis
15.1%
16.0% 16.0% 17.0% 17.0% 17.0%
20
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