Newfoundland and Labrador’s offshore spans 1.8 million square kilometers with its oil reserves emerging as some of the most carbon-competitive in the world.
A new crown corporation has been established to lead oil and gas activities in Newfoundland and Labrador. Our company continues to be responsible for all exploration pursuits, along with future investment in offshore developments and management of the Bull Arm Fabrication Site. We also manage the Province’s interests in existing oil and gas assets; Hebron, White Rose, and Hibernia Southern Extension. The transition to establish the new company is currently underway. Stay tuned for further information.