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