Eastcoast Offshore Oil And Gas Development Revised 7 August 2001

The discovery of important accumulations of oil and natural gas in the eastcoast offshore region promises major economic and strategic benefits to Canada. This document looks at eastcoast offshore oil and gas development. Main topics covered are exploration and development.

Review of the East Coast oil and gas development, including a definition of the issue, background and analysis, and development. Background information includies an overview of the historical development of the area, the environmental impact, icebergs, storms and safety, and jurisdictional disputes. The impacts of development on the Atlantic Provinces, especially Newfoundland, and the Venture and Hibernia developments in particular, are also discussed. A chronology is included.

The discovery of important accumulations of oil and natural gas in the eastcoast offshore region promises major economic and strategic benefits to Canada. This document specifically looks at this question and examines eastcoast offshore oil and gas development.