Nalcor is focused on environmentally responsible and sustainable growth and development of the province’s oil and gas resources. The company currently manages ownership interests in three project in Newfoundland and Labrador’s offshore: a 4.9 per cent working interest in the Hebron oil field, the province’s fourth offshore oil project which was sanctioned for development on December 31, 2012; a 5.0 per cent working interest in the White Rose Growth Project, which produced first oil from the North Amethyst field in May 2010; and a 10.0 per cent working interest in the Hibernia Southern Extension Project, which produced first oil in June 2011.
In addition to the economic value created through its ownership interests, as a partner Nalcor gains important insight into a project’s realities, challenges and opportunities. Nalcor is in a position to ensure Newfoundlanders and Labradorians will benefit from offshore oil and gas resources for generations to come.
For further details relating to each of the projects that Nalcor Energy has equity ownership, please click the below project pictures.