Oil giants topple recordThree companies bid $673M to explore Newfoundland deepwater oil basin Gary Park Petroleum News Calgary Correspondent
It’s Orphan by name, but it’s no longer alone in the world.
The deepwater Orphan basin, covering more than 41,000 square miles north of Newfoundland’s producing Jeanne d’Arc basin, has attracted unprecedented investment from a partnership of Chevron Canada Resources, Imperial Oil and ExxonMobil.
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Risk and cost for Orphan basin
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