Newfoundland to reap offshore bonanzaWith third equity participation, in Hibernia South, total revenues estimated at C$39B, with C$13B from latest signing Gary Park For Petroleum News
The Newfoundland government stands to reap a handsome return from the formal agreements it signed with partners in the Hibernia South oil development.
Natural Resources Minister Kathy Dunderdale said the deal will generate C$13 billion in government revenues from royalties, a 10 percent equity stake....
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