At a Glance
Nalcor's Oil and Gas division holds and manages both onshore and offshore oil and gas interests in Newfoundland and Labrador.
The company is currently a partner in three offshore developments:
- the Hebron oil field
- the White Rose Growth Project
- Hibernia Southern Extension
Nalcor Energy Oil and Gas is also a co-venturer in the Hebron oil field, holding a 4.9 per cent working interest in the province's fourth offshore oil project.
Nalcor Energy Oil and Gas also has an active exploration strategy designed to enhance knowledge and accelerate exploration activity in the province’s numerous onshore and offshore petroleum basins. The onshore and offshore basins of Newfoundland and Labrador are vast and largely underexplored, and the modern technologies now availble in onshore and offshore research could help identify potential new oil fields.
At Nalcor, we are committed to the sustainable and innovative expansion of these resources.