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East Coast and Arctic Canada Upstream: 2014 in review

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30 January 2015

East Coast and Arctic Canada Upstream: 2014 in review

Report summary

Newfoundland saw a record lease commitment by ExxonMobil, Suncor and ConocoPhillips in the exploration hot spot of the Flemish Pass. Statoil and Husky brought in the West Hercules rig to drill two prospects and a Bay du Nord appraisal well - success could further propel the region into the limelight. To the south, two Nova Scotia farm-in agreements added to the companies seeking to open up a new deep water region in the Shelbourne Basin.

Table of contents

  • Executive summary
    • Active development drilling gives way to late-year pick up in exploration
    • Arctic drilling stays quiet
  • Farm-ins add three companies to Nova Scotia's list of deepwater explorers
  • Seismic update
    • GXT Span Project
    • Flemish Pass 3-D
  • Land sale results
    • Hebron still on track
    • West White Rose delayed
    • Deep Panuke
  • Fracturing restrictions
  • Heavy oil shipped to Europe
  • Conclusion

Tables and charts

This report includes 8 images and tables including:

  • Acquired 2D seismic
  • Acquired 3D seismic
  • East Coast Canada map of blocks on offer
  • Newfoundland secures record Flemish Pass bid, no bidders on Nova Scotia offerings
  • Only one Arctic licence awarded in 2014
  • Exploration and appraisal drilling activity
  • Newfoundland oil production
  • Nova Scotia and New Brunswick gas production

What's included

This report contains:

  • Document

    East Coast and Arctic Canada Upstream: 2014 in review

    PDF 610.06 KB

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