Journey to Hebron and Other Atlantic Canadian Projects

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