Country Report
Maritime Canada upstream summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Project delays - The coronavirus and oil price crash in Q1 2020 had delayed both the West White Rose expansion project and Terra Nova FPSO life extension project. Both would receive government support, see company interests re-aligned and ultimately move ahead. Meanwhile, Bay du Nord has seen its sanctioning decision delayed, both in 2020 and again in 2023. The East Coast of Canada once ranked amongst the most important frontier exploration basins globally. Since the development of ...
Table of contents
-
Executive summary
- Oil developments continue to progress offshore Newfoundland
- Nova Scotia gas production declines to zero
- Key facts
- Location maps
- Key companies
-
Geology
-
Introduction
- Offshore Newfoundland
- Offshore Nova Scotia
- Onshore Québec
- Prince Edward Island
- Atlantic Canada basins
-
Newfoundland Flemish Pass Basin
- Source Rock
- Reservoir Rocks
- Cap Rock
- Trapping Mechanism
-
Newfoundland Orphan Basin
- Source Rock
- Reservoir Rocks
- Cap Rocks
- Trapping Mechanism
-
Newfoundland Jeanne d'Arc Basin
- Source
- Reservoir Rocks
- Cap Rock
- Trapping Mechanism
-
Newfoundland Labrador Shelf
- Source
- Reservoir Rocks
- Cap Rocks
- Trapping Mechanism
-
Newfoundland Whale Basin
- Source Rock
- Reservoir Rock
- Cap Rock
- Trapping Mechanism
-
West Newfoundland Basin
- Source Rock
- Reservoir Rock
- Cap Rock
- Trapping Mechanism
-
Nova Scotia Basin
- Pre Break-up Rift Deposits
- Post Break-up Clastics and Carbonates
- Deltaic Wedge Sediments
- Mid-Late Cretaceous Transgressive and Tertiary Regressive Marine Sediments
- Maritimes Canada Basins
-
Introduction
-
Exploration
- Licensing
-
Newfoundland and Labrador
- 1995
- 1996
- 1997
- 1998
- 1999
- 2000
- 2001
- 2002
- 2003
- 2004
- 2005
- 2006
- 2007
- 2008
- 2009
- 2010
- 2011
- 2012
- 2013
- 2014
- 2015
- 2016
- 2017
- 2018
- 2019
- 2020
- 2021
- 2022
- 2023
- 2024
-
Nova Scotia
- May 1997
- November 1997
- May 1998
- November 1998
- May 1999
- November 1999
- November 2000
- 2001
- 2002
- 2003
- 2004
- 2005
- 2007
- 2008
- 2009
- 2010
- 2011
- 2012
- 2013
- 2014
- 2015
- 2016
- 2017
- 2018
- 2019
- 2021
- 2023
- Québec
-
New Brunswick
- Prince Edward Island
- East Coast Canada - Licence Activity and Signature bonuses
-
Drilling
- Drilling activity
- Newfoundland
- Nova Scotia
- Québec
- New Brunswick
- Prince Edward Island
- Success rates
-
Reserves and resources
- Newfoundland
- Nova Scotia
- Maritimes Canada
-
Production
- Liquids
- Gas
-
Infrastructure
- Introduction
-
Oil infrastructure
- Newfoundland
- Nova Scotia
-
Gas infrastructure
- Nova Scotia
- Newfoundland
- Maritimes
-
Costs
- Introduction
-
Capital costs
- Capital expenditure by location
- Capital expenditure by development status
-
Operating costs
- Operating expenditure by location
- Operating expenditure by development status
-
Policy and regulation
-
Key legislation
- Newfoundland
- Nova Scotia
- Maritimes
-
Regulatory body
- Newfoundland and Labrador
- Nova Scotia
- Licensing
-
Key legislation
-
Fiscal terms
-
Overview
- Pipelines
- Gas Utilisation
- Current fiscal terms
-
Concessions
- State Equity Participation
- Participation Rate
- Carry and Reimbursement
- Bonuses, Rentals and Fees
- Signature Bonuses
- Production Bonuses
- Royalty and other production taxes
-
Royalty
- Newfoundland
- Nova Scotia
- New Brunswick
- Québec
- Contractor Revenue Entitlement
- Product Pricing
-
Corporate (or Petroleum) Income Tax
- Federal Tax
- Provincial Tax
- Taxable Income
- Investment uplift/credit
- Resource Allowance
- Loss Carry Forward
- Fiscal/Contractual Ring-Fences
- Sample Cash Flow
-
Historical background
- Pre-1980s
- 1980s
- 1990s
- 2000s
- 2010s
-
Overview
Tables and charts
This report includes 47 images and tables including:
- Key facts: Table 1
- East Coast Canada Map
- Reserves and contingent resources at 01/01/2024
- Liquids and Gas Production 2025
- Capital Expenditure 2025
- Liquids Production by Sector
- Gas Production by Field
- Blocks Awarded by Region
- Active Blocks by Region
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Production: Table 1
- Production: Table 2
- Production: Table 3
- Production: Table 4
- Liquids Production by Sector
- Production: Table 5
- Production: Table 6
- Gas Production by Field
- Fiscal terms: Table 5
- Fiscal terms: Table 6
- Fiscal terms: Table 7
- Fiscal terms: Table 8
- East Coast Canada Basins
- Flemish Pass Stratigraphy
- Jeanne d`Arc Stratigraphy
- Ladrador Shelf Stratigraphy
- Nova Scotia Shelf Stratigraphy
- Newfoundland Parcel Map
- Nova Scotia Parcel Map
- Exploration Drilling by Basin, East Coast Canada
- Drilling Activity by Well Type, East Coast Canada
- Newfoundland Oil Infrastructure Map
- Infrastructure: Table 1
- East Coast Canada Infrastructure Map
- Costs: Table 1
- Costs: Table 2
- Organisation Chart
- Organisation Chart
- Fiscal terms: Table 1
- Fiscal terms: Table 2
- Fiscal terms: Table 3
- Fiscal terms: Table 4
- GEM models
- Fiscal terms: Table 10
- Fiscal terms: Table 11
- Fiscal terms: Table 12
What's included
This report contains:
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