Natural Resources
May 7, 2009Interest High in
Newfoundland and Labrador Petroleum Sector
Interest in new petroleum developments in Newfoundland
and Labrador was evident at the Offshore Technology Conference (OTC) in
Houston this week in the number of visitors to the province�s booth and
a sold-out speech focused on growth and opportunities.
"People know our region and they know there is growth
and opportunity," said the Honourable Kathy Dunderdale, Minister of
Natural Resources. "A high level of awareness of our projects was
noticed on the floor of the conference and delegates reported making
excellent contacts that many expect to lead to new business."
Minister
Dunderdale
accompanied 120 delegates representing 60 companies and organizations
from the province to this year�s conference. She delivered a keynote
address to conference delegates, entitled
Newfoundland and Labrador: An Emerging Energy Warehouse � Growth and
Opportunities.
"It was very clear that industry is interested in what
is happening in Newfoundland and Labrador and they are following
developments in our jurisdiction very closely," said Minister Dunderdale.
"Few other North American jurisdictions can come close to our energy
warehouse of oil, natural gas, hydroelectric and wind resources.
Industry is taking notice."
The minister used the OTC to share information on the
province�s successes in the past year and meet with players interested
in further developing their exploration portfolios in our region.
