News
News Releases 2000
Discovered Reserves3 and Resources1 Newfoundland Offshore Area
For Immediate Release
May 2, 2000
May 2, 2000
| Field | Oil | Gas | NGLs 2 | |||
|---|---|---|---|---|---|---|
| m 3 x 10 6 | million bbls | m 3 x 10 9 | billion cu. ft. | m 3 x 10 6 | million bbls | |
| Hibernia 3 | 140.5 | 884 | 38.7 | 1375 | 23.0 | 145 |
| Terra Nova | 64.6 | 406 | 7.6 | 269 | 2.2 | 14 |
| Hebron | 51.6 | 325 | – | – | – | – |
| Whiterose | 43.5 | 274 | 59.0 | 2091 | 12.2 | 77 |
| West Ben Nevis | 5.4 | 34 | – | – | – | – |
| Mara | 3.6 | 23 | – | – | – | – |
| Ben Nevis | 8.7 | 55 | 8.9 | 315 | 4.7 | 30 |
| North Ben Nevis | 2.9 | 18 | 3.3 | 116 | 0.7 | 4 |
| Springdale | 2.2 | 14 | 6.7 | 238 | – | – |
| Nautilus | 2.1 | 13 | – | – | – | – |
| King’s Cove | 1.6 | 10 | – | – | – | – |
| South Tempest | 1.3 | 8 | – | – | – | – |
| East Rankin | 1.1 | 7 | – | – | – | – |
| Fortune | 0.9 | 6 | – | – | – | – |
| South Mara | 0.6 | 4 | 4.1 | 144 | 1.2 | 8 |
| West Bonne Bay | 5.7 | 36 | – | – | – | – |
| North Dana | – | – | 13.3 | 472 | 1.8 | 11 |
| Trave | – | – | 0.8 | 30 | 0.2 | 1 |
| Sub-Total (Grand Banks) | 336.3 | 2117 | 142.4 | 5050 | 46.0 | 290 |
| North Bjarni | – | – | 63.3 | 2247 | 13.1 | 82 |
| Gudrid | – | – | 26.0 | 924 | 1.0 | 6 |
| Bjarni | – | – | 24.3 | 863 | 5.0 | 31 |
| Hopedale | – | – | 3.0 | 105 | 0.4 | 2 |
| Snorri | – | – | 3.0 | 105 | 0.4 | 2 |
| Sub-Total (Labrador Shelf) | – | – | 119.6 | 4244 | 19.9 | 123 |
| Total | 336.3 | 2117 | 262.0 | 9294 | 65.9 | 413 |
1 “Resources” are volumes of hydrocarbons, expressed at 50% probability of occurrence, assessed to be technically recoverable that have not been delineated and have unknown economic viability.
2 Natural Gas Liquids
3 “Reserves” are volumes of hydrocarbons proven by drilling, testing and interpretation of geological, geophysical and engineering data, that are considered to be recoverable using current technology and under present and anticipated economic conditions. Hibernia and Terra Nova are classified as reserves.
Attachments:
Terminology used by the Canada Newfoundland Offshore Petroleum Board
Discovered Reserves and Resources – Newfoundland Offshore Area
Revised Oil Reserves/Resources
Revised Natural Gas Liquids Resources
Revised Gas Resources