Long dry spell at Grand Banks compounded by setbacksCanada’s East Coast offshore energy frontier beset by cost overruns, lack of new commercial discoveries Gary Park PNA Canadian Contributing Correspondent
The Grand Banks — long hailed as Canada’s second energy frontier after Western Canada — are starting to take on the appearance of the Not-so-Grand Banks.
Within six years, four fields — Hibernia, which has been producing for two years and is targeting 185,000 barrels per day in 2001, Terra Nova, Wh....
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Cost overruns at Terra Nova Hibernia work on hold
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