Newfoundland eyes ‘giant’ offshore statusSeismic indicates 30 billion boe; government chases commitments, looks for ‘viable and sustainable’ industry; 11 parcels up for bid GARY PARK For Petroleum News
Inspired by results of a new seismic survey that revealed its offshore has 30 billion barrels equivalent of oil and natural gas, the Newfoundland government is chasing billion-dollar drilling commitments from international explorers.
Premier Paul Davis said the potential in 11 parcels contained in a....
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