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.