OUR GREAT MINDS

    by Tina Olivero

    Journey to Hebron and Other Atlantic Canadian Projects

    4 PHASES OF AN OIL AND GAS FIELD

    Five Offshore Projects Currently in Production:

    • NS: Deep Panuke and Sable (natural gas)
    • NL: Hibernia, Terra Nova, and White Rose (oil)
    • Hebron Project Offshore Nl Under Development
    • Current NB Onshore Projects:
      •  1 exploration program
      •  2 production programs (oil and natural gas)

    Economic Benefit’s of Oil and Gas Activity in Atlantic Canada

    • Employs over 6,000 people (thousands more indirectly)
    • Supports over 800 local supply and service companies
    • Cumulative expenditures since 1996:
    • Over $31 billion in NL
    • Over $8 billion in NS
    • Over $1.8 billion in royalties have been paid to the
    • Government of NS since 1996; supports infrastructure and helps pay for social programs
    • Over $2 billion will be spent on offshore exploration in NS in the coming years

    NL – Newfoundland And Labrador
    NS – Nova Scotia
    NB – New Brunswick

     

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