Projects and Exploration
When it comes to exploration and production, Atlantic Canada is an important player in Canada’s oil and natural gas industry. Offshore oil and natural gas resources are being developed safely and responsibly in Atlantic Canada.
With total expenditures of $63 billion since 1996, the industry today generates a significant portion of sales for more than 600 local supply and service companies and directly employs more than 5,500 people.
Atlantic Canada’s oil and natural gas industry has significant growth potential. Offshore exploration programs are active and there are four offshore projects in production in Newfoundland and Labrador.
Find out more about the Production and development projects and exploration activity offshore Atlantic Canada: