The Canada-Newfoundland and Labrador Offshore Petroleum Board approved an amendment to the Hibernia Development Plan in 2009 which covered part of the Hibernia South extension area. The province also negotiated an increased royalty in this area and a 10% equity share in the remaining area.
For estimates of recoverable oil and gas reserves and resources and production statistics please see the Canada-Newfoundland and Labrador Offshore Petroleum Board website.
The links below will take you to the Canada-Newfoundland and Labrador Offshore Petroleum Board’s website. Neither the Department of Industry, Energy and Technology nor the C-NLOPB warrant the information contained on the site to be accurate and therefore are not responsible for any errors or omissions.
New Releases
- February 16, 2010 Province Signs Deal on Hibernia Southern Extension