A BIGGER PICTURE
Situated in the middle of a region of activity and opportunity, BAF draws on a dynamic local economy.
In Newfoundland and Labrador, oil and gas, mining, fabrication and manufacturing sectors are successfully diversifying. As a result, a multi-faceted service sector has developed and the skilled workforce continues to grow.
BAF is located near several industrial facilities including the Come-by-Chance Oil Refinery, the Whiffen Head Transhipment Facility and the Long Harbour Nickel Processing Plant.
BAF is also a 1.5 hour drive along the Trans-Canada Highway to the province’s capital, St. John’s. The vibrant, colourful city serves as the hub of economic activity for the Canadian offshore petroleum industry. There are currently three producing offshore projects in the province: Hibernia, Terra Nova, and White Rose. Hebron will be the fourth when it comes online in 2017.
New exploration and development is ongoing. The province’s world-leading seismic program has been shedding new insights on the nearly two dozen basins that surround the province. Building on over 15 years of production success—offshore Newfoundland and Labrador is poised for an exciting new round of exploration and development. Over $5 billion in total work commitments have been made in the Newfoundland and Labrador offshore from 1988 to 2016, approximately 50%, or $2.5 billion, have been made in the last three years.