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.
Note: all links will open in a new window.
Adobe® Acrobat® Reader software can be used for viewing PDF documents. Download Acrobat® Reader for free. ![]()