--> Abstract: Petroleum Exploration in Newfoundland and Labrador: What Have We Found and Where Do We Go From Here?, #90907 (2000)

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ABSTRACT: Petroleum Exploration in Newfoundland and Labrador: What Have We Found and Where Do We Go From Here?

FAGAN, ALPHONSUS J., Department of Mines and Energy, Government of Newfoundland and Labrador, St. John's Newfoundland, Canada, and ATKINSON, IAN A., Geophysical Consultant, St. John's Newfoundland, Canada

Recoverable resources of 2.1 billion barrels of oil, 5.1 trillion cubic feet of natural gas and 290 million barrels of natural gas liquids have been discovered in the Jeanne d'Arc Basin on the Grand Banks of Newfoundland, with and additional 4.2 trillion cubic feet of natural gas and 123 million barrels of natural gas liquids located offshore Labrador. Production, currently at about 180,000 bopd is expected to exceed 300,000 bopd by March 2001 and reach about 500,000 bopd by mid-decade. These resources have been discovered by the drilling of only 125 exploration wells, that are predominantly concentrated within the Mesozoic sediments of Jeanne d'Arc Basin, although some 20 other basins and sub-basins ranging in age from Early Paleozoic to Cenozoic are located in and around Newfoundland and Labrador. Recent land sales and seismic surveys indicate that exploration is about to advance into other areas, such as the Flemish Pass and the Southern Grand Banks. This paper provides an overview of the geology and successful play concepts, and presents new hydrocarbon play concepts that may be explored in several of the more lightly explored Mesozoic basins, as well as the Paleozoic rocks of western Newfoundland.

 

Search and Discovery Article #90907©2000 AAPG Eastern Section Meeting, London, Ontario, Canada