Natural Resources
December 7, 2007

Province Launching Study on Enhancing Local Opportunities
From Western Newfoundland Oil and Gas

The Department of Natural Resources, in partnership with the Greater Corner Brook Board of Trade�s Western Newfoundland Oil and Gas Steering Committee, is seeking proposals for a study into infrastructure needs and supply and service opportunities in the oil and gas industry in Western Newfoundland.

"The industry in this region has seen significant levels of activity in recent years, and we want to build on that momentum to maximize benefits to local businesses and communities," said the Honourable Kathy Dunderdale, Minister of Natural Resources. "We are moving forward with this important work because we are committed to this industry in Western Newfoundland."

The study will also consider direct and indirect employment opportunities arising from exploration and development of Western Newfoundland�s onshore and offshore oil and gas resources.

"This study builds on the board's activities to generate awareness of the West Coast oil and gas industry, including the creation of the International Symposium on Oil and Gas Resources in Western Newfoundland, and the Western Newfoundland Oil and Gas Steering Committee," said Shawn Woodford, president of the Greater Corner Brook Board of Trade. "The timing is perfect for this study which will identify opportunities for regional businesses and communities for a long-term growth strategy. We are very pleased to be a part of this initiative."

The Provincial Government will spend up to $50,000 on the study which will be the first of a three-phase project. The later phases will also include a regional development strategy and implementation plan.

The department will issue a request for proposals for the study in newspapers beginning on Saturday, December 8. Consultants are invited to submit proposals for the study to the Department of Natural Resources until the submission deadline at 4:30 p.m. on December 20, 2007.

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Media contacts:

Corey Snook
Communications and Marketing Manager
Department of Natural Resources
Phone: 709-729-5777, 709-728.2837
CoreySnook@gov.nl.ca
Shawn Woodford
President
Greater Corner Brook Board of Trade
Phone: 709-634-5831

2007 12 07                                                     11:30 a.m.
 


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