ENERGY + CULTURE

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by Tina Olivero

Published on June 13th, 2014

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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