News Releases 2022

C-NLOPB Announces Update of Reserve Estimate for the North Amethyst Field

For Immediate Release
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

 


News Releases 2022

DateUpdate
2022, May 16C-NLOPB Identifies New Sector for Scheduled Land Tenure in the Eastern Newfoundland Region
2022, May 11C-NLOPB Announces 2022 Calls for Bids in the Eastern Newfoundland and South Eastern Newfoundland Regions
2022, Apr 26C-NLOPB Announces Update of Reserve Estimate for the North Amethyst Field
2022, Apr 8C-NLOPB Issues Administrative Monetary Penalty to Hibernia Management and Development Company Ltd. in Response to August 2019 Spill
2022, Apr 8C-NLOPB Rescinds Order Respecting Essential Employees
2022, Mar 28Bilingual Services now available at the C-NLOPB, including new French website
2022, Feb 14C-NLOPB Reflects on the 40th Anniversary of the Ocean Ranger Disaster
2022, Jan 14C-NLOPB Issues Call for Nominations for Areas of Interest (Eastern Newfoundland)