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Commodity Pricing

Noia Welcomes Another New Entrant to NL Offshore

St. John’s, NL – The Newfoundland and Labrador Oil & Gas Industries Association (Noia) is pleased to welcome Total E&P Canada as the newest entrant to the NL offshore oil & gas industry.

Total E&P Canada has joined the industry as the result of a transfer of interest in EL1136, located in the Carson Basin. Previously held by ExxonMobil and Suncor at 50 per cent each, the block is now held by the three parties at one-third each.

“Total E&P Canada is the seventh new entrant into our offshore oil & gas industry over the past 18 months, joining Navitas, Anadarko, Noble, Hess, Nexen and BP,” said Noia President & CEO Robert Cadigan. “This speaks volumes about the prospectivity of our basins and clearly indicates the high level of global interest in our offshore.”

With operations in more than 130 countries, Total is a top-tier international oil & gas company with activities spanning oil & gas production, refining, petrochemicals and marketing.

The notice of Total’s entrance may be found on the C-NLOPB website at http://www.cnlopb.ca/abstract/el1136.php