Current and Future Opportunities

Opportunties Now and Foreseeable Future

Newfoundland Offshore

  • Hebron (400-700 million barrels of oil)
  • Terra Nova (420 million barrels of oil)
  • White Rose (283 million barrels of oil)
  • Hibernia (1,244 million barrels of oil)

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Newfoundland Mining
Several developments with an estimated value of $5.7 billlion for 2012.
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ARTIC – estimated 1,670 trillion cubic feet of natural gas — nearly two-thirds the proved gas reserves of the entire Middle East — and 90 billion barrels and 40 billion barrels of natural gas
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Newfoundland Developments – 103 projects totaling $43.6 billion

  • $2 billion Come By Chance refinery upgrade
  • $1.5 billion Liquid Natural Gas development
  • $8.3 billion Hebron development

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