Canadian east coast and Arctic offshore: potential is great, once the political fights end

Journal Article · Fri Dec 31 23:00:00 EST 1982 · Ocean Ind.; (United States)

OSTI ID:6075932

The Canadian east coast offshore area remains a bright spot in an otherwise depressed drilling market. Activity there has slowed only off the Newfoundland and Labrador coasts because of ongoing government disputes over ownership, resource management, and revenue sharing. Nova Scotia's offshore area is a prolific gas source, with development awaiting a suitable market. Exploration is just beginning in the promising offshore Arctic areas. The Beaufort Sea could hold some 9 billion bbl of oil and 112 trillion CF of gas; the high Arctic area, 8-10 billion bbl and 100 TCF.

• OSTI ID: 6075932
• Journal Information: Ocean Ind.; (United States), Journal Name: Ocean Ind.; (United States) Vol. 18; ISSN OCIDA
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020100* -- Petroleum-- Reserves-- (-1989)
020200 -- Petroleum-- Reserves
Geology
& Exploration
03 NATURAL GAS
030100 -- Natural Gas-- Reserves-- (-1989)
030200 -- Natural Gas-- Reserves
Geology
& Exploration
ARCTIC REGIONS
CANADA
DRILLING
ENERGY SOURCES
EXPLORATION
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GEOLOGIC DEPOSITS
MINERAL RESOURCES
NATURAL GAS
NATURAL GAS DEPOSITS
NORTH AMERICA
OFFSHORE DRILLING
PETROLEUM
PETROLEUM DEPOSITS
POLAR REGIONS
RESERVES
RESOURCES