Exploration

Two Canada basins may host 68 trillion cubic feet of gas and 38 billion barrels of oil

Studies on Newfoundland & Labrador areas — where bids rounds will close within weeks — suggest huge potential

Resource rich: offshore supply vessels in St John’s Newfoundland & Labrador, Canada.
Resource rich: offshore supply vessels in St John’s Newfoundland & Labrador, Canada.Photo: REUTERS/SCANPIX
London
Published 3 October 2022, 14:21Updated 5 October 2022, 12:24
CanadaNewfoundland & LabradorOrphan basinSalar basinOil & Gas Corporation of Newfoundland & Labrador