Canada's East Coast Oil & Gas Industry
Newfoundland and Labrador is becoming one of the most talked about oil & gas jurisdictions globally. With a multi-client seismic program uncovering three newly defined basins in the Labrador Sea, and recent finds in the Flemish Pass Basin being compared to the massive Johan Sverdrup offshore Norway, the province’s potential bodes well for future development.
Newfoundland and Labrador has three oilfields in production, a fourth in development, and a local supply and service sector which has provided leadership in harsh environment strategies while working through every phase of these four major projects. Extending the range of what’s possible in petroleum development, Newfoundland and Labrador is a leader in harsh ocean development.