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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 |