Natural Resources

Resource Opportunities: Petroleum

Newfoundland and Labrador is home to numerous onshore and offshore sedimentary basins with hydrocarbon potential. Currently only approximately 10% of available land is held under license/permits. The Province’s discovered reserves total 3 billion barrels of oil and 11 trillion feet of natural gas. Geoscience data indicates a further 6 billion barrels of oil and 60 trillion cubic feet of natural gas remain undiscovered. Opportunities exist in proven and frontier areas for additional exploration and development as outlined below.

Offshore Calls for Bids and Associated Reports

Geoscience Reports for Offshore Calls for Bids

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Onshore Calls for Postings

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