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Canada Norway March 2019 Canada Norway March 2019 Canada Norway - - PowerPoint PPT Presentation
Canada Norway March 2019 Canada Norway March 2019 Canada Norway - - PowerPoint PPT Presentation
Canada Norway March 2019 Canada Norway March 2019 Canada Norway March 2019 Canada Norway March 2019 A not-for-profit association of businesses that promotes the development of clean technology and the growth of the green economy
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Canada – Norway March 2019 A not-for-profit association of businesses that promotes the development of clean technology and the growth of the green economy in Newfoundland and Labrador.
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Canada – Norway March 2019
▪ About Newfoundland and Labrador ▪ Doing Business in NL ▪ The Oil and Gas Industry in NL ▪ The Potential of NL’s Oil and Gas Industry ▪ NL’s Strategy Priorities in Oil and Gas and Oceans ▪ Introduction to Our Delegation
Canada – Norway March 2019
Today’s Presentation:
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Canada – Norway March 2019
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Canada – Norway March 2019
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Canada – Norway March 2019 https://findnewfoundlandlabrador.com/
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Canada – Norway March 2019
Clean technology development and application in
- ffshore oil and gas
Internationalization
- f business activities
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Canada – Norway March 2019
Doing Business in Newfoundland and Labrador
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Canada – Norway March 2019 ▪ Canada’s largest ocean economy ▪ Population of 500 000 ▪ Sub-arctic environment ▪ Global leaders in ocean innovation: 15 educational and research institutes ▪ Exporters of ocean enterprise: in 50+ countries ▪ Ocean economy employs ~ 40,000 people ▪ 450 companies in oceans-sector business
Oil & Gas Offshore Canada: NL
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Canada – Norway March 2019
Legislative Scope
Resource management Safety Environment Industrial benefits Employment Opportunity
▪ One-window approach to regulation for
- ffshore Newfoundland and Labrador
(NL). ▪ Joint management: Federal Canada and the province of NL (C-NLOPB) ▪ NL is to be the principal beneficiary
- f its offshore oil and gas resources.
▪ Intention: Oil and gas developments be implemented and managed in a manner that creates a lasting economic legacy for the people of the Province.
The Atlantic Accord
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Canada – Norway March 2019
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Canada – Norway March 2019 ▪ Skilled and readily available workforce ▪ World-class education, training and research facilities ▪ Recognized operating expertise in harsh environments ▪ Robust supply and service capability ▪ Significant industrial capacity ▪ International suppliers
NL Assets
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Canada – Norway March 2019 Canada – Norway March 2019
Newfoundland and Labrador’s Offshore Oil and Gas Industry
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Canada – Norway March 2019 Current Production - NL Offshore Oil and Gas
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Canada – Norway March 2019
Bay du Nord
▪ Discovered 2013; Framework Agreement signed July 2018 ▪ Located in a new basin - Flemish Pass ▪ Approximately 500 kms from shore and 1,200 m depth ▪ 300 million barrels in reserve ▪ Sanction expected 2020, with first oil 2025 ▪ FPSO for extraction ▪ $10.9 billion project cost for the life of the field ▪ R&D investment of $300M over project life: $75M for subsea tech, digitalization or renewable energy
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Canada – Norway March 2019
West White Rose Expansion
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Canada – Norway March 2019
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Canada – Norway March 2019
Exploration Campaigns
- 7 Drilling project summaries have been
submitted to the CEAA by 6 operators
- Upwards of 80 wells proposed in the
applications
in the Orphan Basin in the Jeanne D’Arc Basin in the Flemish Pass Basin in the Flemish Pass Basin in the Carson Basin & Flemish Pass In the Flemish Pass
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Canada – Norway March 2019
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Canada – Norway March 2019 Enhance Local Supply Chain ▪ Explore and advance business growth options including joint venture opportunities, business diversification, export markets, and start-ups
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Canada – Norway March 2019 Support Innovation ▪ Advance subsea technology solutions (e.g. modular subsea systems, lean tiebacks, subsea factory, and towed solutions) and build subsea engineering expertise, technology capabilities, and support infrastructure that can leverage export opportunities, with a particular focus on harsh environment and deepwater solutions
https://www.nr.gov.nl.ca/nr/advance30/pdf/Oil_Gas_Sect
- r_FINAL_online.pdf
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Canada – Norway March 2019
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Canada – Norway March 2019
Our Delegation
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Canada – Norway March 2019
Kieran Hanley Executive Director kieran@neia.org
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