News
News Releases 2022
C-NLOPB Announces Update of Reserve Estimate for the North Amethyst Field
For Immediate Release
April 26, 2022
April 26, 2022
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has updated its most likely Estimated Ultimate Recovery (EUR) for the North Amethyst Field. Last updated in 2018 at 64 million barrels of oil, the EUR for the entire North Amethyst Field is now estimated by the C-NLOPB to be 70 million barrels of oil.
Recently adopted by the C-NLOPB, the Petroleum Resources Management System defines EUR as those quantities of petroleum estimated, as of a given date, to be recoverable plus those quantities that have been already produced.
Further information on estimated recoverable Reserves and Resources can be found here.
Media Contact
Lesley Rideout
Communications Lead
(709) 725-2900
lrideout@cnlopb.ca
Any reference in the News Release Archive to C-NLOPB e-mail addresses may have changed or been updated. All current e-mail correspondence with the Board contain @cnlopb.ca notwithstanding the address in the respective news release.