Natural Resources

Offshore Development Summary

Petroleum Exploration Summary Offshore Newfoundland & Labrador

First Well 1966
Wells Spudded To Date (Ending Dec 31/09) 351
   Exploratory 143
   Delineation 50
   Development 158
Discoveries (Reserves and Resources) 24
   Oil 17
   Gas 7
Exploration Licenses (EL’s) 37
   Grand Banks Region 24
   West Coast Region 9
   Labrador Region 4
Significant Discovery Licenses (SDL’s) 49
   Grand Banks Region 44
   Labrador Region 5
Production Licenses (PL’s) 8
   Grand Banks Region 8
Total Expenditure in Billions of Dollars (Ending Dec 31/08) 24.649
 
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