News Releases 2024

C-NLOPB Issues Significant Discovery Licence to Equinor Canada Ltd. and Announces Volume Estimate for the Cambriol G-92 Discovery

For Immediate Release
February 2, 2024

The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has issued Significant Discovery Licence 1060 to Equinor Canada Ltd. and is announcing the related volume estimate for the Cambriol G-92 discovery.

The C-NLOPB’s interpretation of well and seismic data associated with this discovery has resulted in an update to the Contingent Resources section of its Petroleum Estimated Ultimate Recovery and Contingent Resources table. The recoverable oil volume from this discovery is estimated to be 340 million barrels.

The Petroleum Resources Management System adopted by the C-NLOPB defines Contingent Resources as “volumes of hydrocarbons, expressed at 50% probability, assessed to be technically recoverable that have not been delineated and have unknown economic viability”. This includes oil in fields/pools that are not approved for development.

Further information on the Canada-Newfoundland and Labrador Offshore Area can be found here.

Media Contact
Lesley Rideout
Director, Communications and Public Engagement
(709) 725-2900
lrideout@cnlopb.ca


News Releases 2024

DateUpdate
2024, Feb 2C-NLOPB Issues Significant Discovery Licence to Equinor Canada Ltd. and Announces Volume Estimate for the Cambriol G-92 Discovery
2024, Jan 19C-NLOPB Issues Calls for Nominations for Areas of Interest for Eastern Newfoundland and Selected Low Activity Regions
2024, Jan 17C-NLOPB Announces Changes to Land Tenure System and Requests Input