Abstract

A jurisdictional dispute has slowed exploration and development off Newfoundland and Labrador. A doubling of industry activity around Nova Scotia. Resource potential of offshore Newfoundland and Labrador estimated at 14.7 billion bbl (2,337,000 X 10 3 m 3 ) of recoverable oil and 88 to 89 tcf (2,490,000 to 2,520,000 X 10 6 m 3 ) of gas, both at a 50% confidence level. The Hibernia field potential was placed at 1.85 billion bbl (294,000 X 10 3 m 3 ) of recoverable oil at a 50% probability level. Venture gas field, off Nova Scotia, contains sufficient reserves (estimated at 3 tcf or 84,984 X 10 6 m 3 ) to justify commercial development. In Ontario, drilling activity decreased 8%, from 198 wells in 1981 to 183 wells in 1982. Of these 183 wells, offshore drilling in Lake Erie accounted for 64, a decrease of 33% from 1981. Production of oil and gas in New Brunswick in 1982 declined by 68% and 18%. In Ontario, oil production decreased 5%, whereas gas production increased 4%, Gas production increased from 5,913 mcf (167.5 X 10 3 m 3 ) to 129,963 mcf (3,681.6 X 10 3 m 3 ) in Quebec.--Modified journal abstract.

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