Newfoundland & Labrador 

With significant deposits of crude oil, Newfoundland and Labrador is currently producing over 300,000 barrels of oil per day from its three current offshore oil projects – Hibernia, Terra Nova and White Rose. Newfoundland and Labrador’s fourth offshore oil development, Hebron, is expected to begin production by 2017. Newfoundland and Labrador also has the potential for natural gas development in the future.

Newfoundland and Labrador’s Resources

Offshore Newfoundland and Labrador are significant deposits of crude oil. Newfoundland and Labrador also has significant natural gas potential. The Canada-Newfoundland and Labrador Offshore Petroleum Board estimates that there are over 10 trillion cubic feet of natural gas offshore. No natural gas is currently being produced.  

Newfoundland and Labrador's provincial budget for 2009/2010 forecasts a reduction of almost 50 per cent to $1.3 billion or 24 per cent of all revenues (federal and provincial sources). This reduction is due to a forecast of lower oil prices and lower production.

Protecting our People

All of our operations offshore are guided by comprehensive health and safety plans that we must develop before any offshore activity can proceed. Our primary focus is to prevent injuries or incidents from ever happening. We work diligently to eliminate or control potential hazards.

Find out more about how we keep our employees safe 

Respecting Newfoundland and Labrador’s Environment

We work hard to minimize our impact on the environment in every area where we operate. Some of the environmental issues we’re working on in Newfoundland and Labrador include:

Ensuring we protect the offshore environment

Communicating openly with the fishing industry

Reducing our greenhouse gas emissions

Keeping the air clean