Future Oil & Gas Production: A Forecast Ian Atkinson, P. Geo. Oil & Gas Development Partnership Memorial University of Newfoundland May 16, 2007
Warning! The following presentation is for Mature Audiences Viewer discretion is advised
Sedimentary Basins of Atlantic Canada
Oil Production Forecast Hibernia Terra Nova White Rose Locke 2007, C-NLOPB
Sedimentary Basins of Atlantic Canada
the Dept. of Natural Resources The Jeanne d’Arc Basin C-NLOPB and the Dept. of Natural Resources
Canada-Newfoundland Offshore Petroleum Board Significant Discoveries on the Labrador Shelf Canada-Newfoundland Offshore Petroleum Board
Canada-Newfoundland Offshore Petroleum Board North Bjarni Field: 2.2 Tcf gas, 82 MMbbls NGL’s Gudrid Field: 918 Bcf gas, 6.9 MMbbls NGL’s Bjarni Field: 858 Bcf gas, 31.4 MMbbls NGL’s Hopedale Field: 106 Bcf gas, 2.5 MMbbls NGL’s Snorri Field: 106 Bcf gas, 2.5 MMbbls NGL’s (P50 values, see DeSilva, 1999) Canada-Newfoundland Offshore Petroleum Board
Sedimentary Basins of Atlantic Canada The Dept of Natural Resources
Onshore and Offshore Exploration Licences of Newfoundland and Labrador The Department of Natural Resources
Sedimentary Basins of Atlantic Canada The Dept. of Natural Resources
Western Newfoundland Exploration Licences The Department of Natural Resources
Hebron/Ben Nevis Western Newfoundland? Jeanne d’Arc Gas? White Rose + Labrador Gas? Terra Nova Laurentian Basin? Hibernia Orphan Basin?
Oil Production Forecast - Base Case Annual Production (million bbls) 20 40 60 80 100 120 140 160 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 2023 2025 2027 2029 Year Annual Production (million bbls) Hebron White Rose Terra Nova Hibernia White Rose + Western Newfoundland? Jeanne d’Arc Gas? Labrador Gas? Laurentian Basin Orphan Basin White Rose Hebron Terra Nova Hibernia Canada-Newfoundland Offshore Petroleum Board
Sedimentary Basins of Atlantic Canada
The Oil & Gas Development Partnership Thank You