Insight

Atlantic Canada Upstream: 2018 in review

13 December 2018

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13 December 2018

Atlantic Canada Upstream: 2018 in review

Report summary

2018 was a busy year in Atlantic Canada for all aspects of offshore development. The Hebron project continued to ramp up ahead of expectations, while development drilling programs are currently underway at all four producing projects in Newfoundland and Labrador. Husky announced exploration success at its White Rose project, with BP filing for an environmental assessment to begin exploration of the Orphan Basin. To cap it off, the 2018 call for bids from the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) fetched a record amount of work commitments totalling Cdn$1.4 billion.

Executive Summary
Licensing returns with a bang
Bay du Nord moves forward
Nova Scotia exploration disappoints
Exploration strengthens
- Husky continues exploration success at White Rose
- BP kicks off Orphan Basin exploration process
Hebron continues strong ramp up
Safety and environmental hiccups
Drilling activity strengthens
What's next?