Insight

Atlantic Canada Upstream: 2017 in review

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03 January 2018

Atlantic Canada Upstream: 2017 in review

Report summary

2017 was a year of mixed sentiment in Atlantic Canada. After a successful bid round with new international players at the end of 2016 as well as strong exploration results in the Flemish Pass, there was the hope that the momentum would carry. While there was some positive news in 2017, headwinds have emerged. In this Insight, we examine present and future production growth, along with the results of offshore licensing rounds in 2017. Further, we provide a preview of what to expect in 2018.

Table of contents

    • West White Rose receives corporate sanctioning
    • Hebron achieves first oil
  • Licensingmuted, expect more in 2018
  • Decommissioning comes into view
  • Regulatory certainty achieved, but UNCLOS uncertainty remains
    • One step forward, two steps back in 2017
    • What to watch in 2018

Tables and charts

This report includes 2 images and tables including:

  • Jeanne d'Arc call for bids results
  • Newfoundland and Labrador oil production

What's included

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  • Document

    Atlantic Canada Upstream: 2017 in review

    PDF 539.33 KB

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