Offshore Newfoundland and Labrador - An Emerging Energy Powerhouse

Enachescu, M.E. (Memorial University of Newfoundland and Labrador)


With production levels at approximately 350,000 bopd from two producing fields, Hibernia and Terra Nova, and a third field White Rose approaching first oil at a 100,000 bopd, the Canadian Province of Newfoundland and Labrador is emerging as a major oil player on the international oil and gas stage. The primary exploration focus during the past twenty-five years has been within the proven reservoirs and shallow waters of the Jeanne d'Arc Basin, but recent landsales and the locations of seismic surveys demonstrate that the industry is ready to expand its efforts into vast untested areas, including the essentially untouched plays along the continental shelf of the Laurentian Basin, within the slope and deep water basins such as the Orphan Basin, Flemish Pass, Carson-Salar and South Whale, or in long dormant areas such as the on-shelf South Whale and Labrador Sea. All these basins are part of a widespread interconnected network of rift basins that formed during the Mesozoic continual break-up and Atlantic Ocean opening and contain world quality reservoir and source rocks. Recent large seismic 2D and 3D seismic programs, novel geological concepts and easy access to immense exploration blocks are fuelling the quest for new oil and gas reserve along the Newfoundland and Labrador continental margin, extended now from proven basins to less explored or unexplored areas.

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  Industry: Energy > Oil & Gas > Upstream (1.00)
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