 | |
| Industry | Petroleum |
|---|---|
| Founded | 27 May 1966 |
| Defunct | 15 December 2000 |
| Headquarters | Panarctic Plaza, 815 8 Avenue SW, |
Panarctic Oils Limited was formed in 1966 as a result of the Canadian government's eagerness to encourage exploration of the Canadian Arctic islands and to assert Canadian sovereignty in the region. That company consolidated the interests of 75 companies and individuals with Arctic Islands land holdings plus the federal government as the major shareholder. It played an important part in the development of the petroleum industry in Canada.