The Scotian Shelf basin lies off the coast of eastern Canada and incorporates a shallow water shelf and deepwater slope that extend from Nova Scotia waters into Newfoundland jurisdiction. Several gas and gas condensate discoveries were made on the shelf from the 1970s to late 1990s. Exploration in the deepwater sector has been sporadic and a 2002 2004 campaign in Nova Scotia plus a 2010 well in Newfoundland met with disappointment. A successful 2012 licensing round revived hopes for this under explored basin and in late 2015 Shell spudded the highly anticipated Cheshire 1 exploration well to be immediately followed by a second well. BP announced plans to drill its block in 2017. The Majors are hoping to make giant oil discoveries in this under explored sector.