1990

  • Canada Nova Scotia Offshore Petroleum Board (C-NSOPB) established
  • Hibernia Milestones: Hibernia declared a Commercial Discovery by C-NLOPB; C-NLOPB issues a 25-year production licence to the Hibernia consortium; Hibernia Agreement signed by GC, GNL and consortium of 4 oil companies
  • Cohasset Project Development Employment and Industrial Benefits Plans approved by C-NSOPB

1991

  • Cohasset Project (Lasmo Nova Scotia) issued first production licences
  •  Balmoral M-32 Exploration well discovers oil

1992

  • Gulf Canada Resources withdraws from Hibernia development; project retrenched
  • Cohasset-Panuke Field produces first oil
  • Continuation Agreement signed by Hibernia partners
  • Dry-dock construction of Hibernia’s Gravity Base Structure (GBS) begins

1993

  • Hibernia Project shares relinquished by Gulf Canada Resources (25%) undertaken by Murphy Oil (6.5%), Mobil (5%), Chevron (5%) and the Canadian government (8.5%); project proceeds

1994

  • Generic royalty regime for petroleum developments onshore NL announced
  • Port au Port 1 Exploration well, West Coast NL (Hunt Oil and PanCanadian Petroleum)

1995

  • Sable Offshore Energy Project (SOEP) and Maritimes and Northeast Pipeline (M&NP) formed
  • Terra Nova development announced (Petro-Canada et al)

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1996

  • A-36 Exploration well onshore West Coast NL (Hunt Oil and PanCanadian Petroleum)
  • Hebron – Ben Nevis and other offshore NL properties acquired by Chevron Canada Resources
  • SOEP royalty framework established
  • Generic royalty regime announced for future petroleum developments offshore NL
  • Norsk Hydro signs strategic alliance agreement with Petro-Canada, acquiring a 15% share in Terra Nova and 5% share in Hibernia

1997

  • Big Spring #1 Exploration well in Hare Bay, West Coast NL (Delpet Resources)
  • Hibernia milestones: Topsides Module and GBS mated; platform towed out and fixed at permanent site on Grand Banks; first oil
  • West Bonne Bay C-23 Discovery well, Grand Banks offshore Newfoundland (Amoco Canada)
  • SOEP milestones: royalty framework announced [01]; Joint Public Review Panel recommends approval; environmental and DP approvals by NEB and C-NSOPB

1998

  • SOEP milestones: construction begins; Irving Oil signs 15-year purchase contract for SOEP gas; first Venture production well; Goldboro Gas Plant construction begins; first Thebauld production well

1999:

  • M&NP’s first natural gas lateral from Sable into NS approved by NEBNewfoundland Transshipment facility expansion to accept Terra Nova crude
  • White Rose SDA delineation drilling program (Husky Oil)
  • SOEP milestones: dual gas pipelines across the Strait of Canso completed; Thebaud platform and wellhead installed; North Triumph and Venture platforms installed; main SOEP pipeline through NS and NB completed; M&NP receives first SOEP gas
  • Terra Nova Development drilling (Petro-Canada) begins
  • Flat Bay #1, onshore West Coast NL (Vulcan Minerals) encounters oil
  • Canadian Imperial Venture Corp (CIVC) farms into the Hunt-PanCanadian Port au Port permit

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