About 5% of Canada’s oil production comes from four developments offshore Newfoundland and Labrador: Hibernia, Terra Nova, White Rose, and Hebron. (Source: Canadian Energy Regulator) One offshore project is in development – West White Rose. There is potential for future development from other discoveries in the area. Bay du Nord, for example, is an offshore development project consisting of several oil discoveries. The project was put on hold in 2023, but may be developed in the future.