June 17, 2022 – Members of OilCo’s Exploration team provide insight into Newfoundland and Labrador’s offshore in their latest co-authored paper. The 2022 paper covering the southern Grand Banks provides…
Newfoundland and Labrador’s offshore spans 1.8 million square kilometres with our oil reserves emerging as some of the most carbon competitive in the world.
To enhance our province’s oil and gas potential, the Government of Newfoundland and Labrador established the Oil and Gas Corporation of Newfoundland and Labrador (OilCo) from our legacy company Nalcor Energy-Oil and Gas.
Our new Crown corporation is leading oil and gas activities in our province and is responsible for all exploration pursuits, management of existing offshore assets, along with future investment in offshore developments.
Our team of explorers is driven by their passion for their profession but just as equally by their passion for our province.