<P> Newfoundland has one oil refinery, the Come By Chance Refinery, which has a capacity of 115,000 barrels per day (18,300 m / d). The refinery was built before the discovery of oil offshore Newfoundland to process cheap imported oil and sell the products mainly in the United States . Unfortunately the startup of the refinery in 1973 coincided with the 1973 oil crisis which quadrupled the price of the refinery's crude oil supply . This and technical problems caused the refinery to go bankrupt in 1976 . It was restarted under new owners in 1986 and has gone through a series of owners until the present date when it is operated by North Atlantic Refining Limited . However despite the fact that major oil fields were subsequently discovered offshore of Newfoundland, the refinery was not designed to process the type of oil they produced, and it did not process any Newfoundland oil at all until 2014 . Until then all of Newfoundland's production went to refineries in the United States and elsewhere in Canada, while the refinery imported all its oil from other countries . </P> <P> British Columbia produced an average of 8,643 cubic metres per day (54,000 bbl / d) oil and equivalent in 2015, or about 1.4% of Canada's petroleum . About 38% of this liquids production was light crude oil, but most of it (62%) was natural - gas condensate . </P> <P> British Columbia's oil fields lie at the gas - prone northwest end of the Western Canadian Sedimentary Basin, and its oil industry is secondary to the larger natural gas industry . Drilling for gas and oil takes place in Peace Country of north - eastern British Columbia, around Fort Nelson (Greater Sierra oil field), Fort St. John (Pink Mountain, Ring Border) and Dawson Creek </P> <P> Oil and gas activity in BC is regulated by the Oil and Gas Commission (OGC). </P>

Where does british columbia get its oil from