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The Canada-Newfoundland and Labrador Offshore Petroleum Board listed the total oil field production at 210 thousand barrels a day and 704 million barrels (111.9 × 10 ^ 6 m 3) as of August 2010. [10] The same update listed the Proven and Probable estimated reserves as being 1,395 million barrels (221.8 × 10 ^ 6 m 3 ) of oil.
Newfoundland and Labrador is the third largest petroleum producer in Canada, making up 4.4% of Canada's petroleum. As of 2015, the province produced over 27,370 m 3 per day of light crude oil from the Grand Banks offshore oil fields. [1] The Jeanne d'Arc Basin is the province's most active oil field project.
The province of Newfoundland and Labrador is Canada's third largest oil producer with 27,373 cubic metres per day (172,000 bbl/d) of light crude oil from its Grand Banks offshore oil fields in 2015, about 4.4% of Canada's petroleum. See the Newfoundland and Labrador section above for details.
The health sector holds many of the best job opportunities for workers in 2025, due to factors like high labor demand and pay, according to a new ranking from job search site I… CBS News 11 days ago
White Rose is an oil field development project 350 kilometres (220 mi) off the coast of Newfoundland. Husky Energy is the operator and 72.5 per cent interest holder in the White Rose oil fields. Discovered in 1984, the White Rose offshore oil field is located in the Jeanne d'Arc Basin 350 kilometres east of St. John's, Newfoundland and Labrador ...
Saskatchewan and offshore areas of Newfoundland in particular have substantial oil production and reserves. [3] Alberta has 39% of Canada's remaining conventional oil reserves, offshore Newfoundland 28% and Saskatchewan 27%, but if oil sands are included, Alberta's share is over 98%.