February 25, 2008
Participates in Oil and Gas Week Launch
Today, the Honourable Kathy Dunderdale, Minister of
Natural Resources, joined students and industry representatives to
celebrate the launch of Oil and Gas Week 2008 at an event at Memorial
University�s Faculty of Business Administration building.
"Oil and Gas Week is an opportunity to celebrate this
industry and the many ways it is helping to build a stronger
Newfoundland and Labrador," said Minister Dunderdale. "This industry is
not only having a major impact on the province�s economy, it�s providing
our young people with excellent opportunities to pursue dynamic and
exciting careers right here at home."
Oil and Gas Week�s purpose is to raise the profile of
the industry in Newfoundland and Labrador and build an appreciation for
its impact throughout the entire province. Each year, the week-long
event focuses on educating secondary and post-secondary students about
the variety of opportunities the industry presents by offering events
and information on oil and gas careers and how students can become
"We have produced nearly one billion barrels of oil in
the past 10 years and geoscientific estimates suggest another six
billion barrels remain undiscovered," said the minister. "This resource
and our Energy Plan initiatives present students with wonderful
opportunity to build careers in this industry and to contribute to our
province�s long-term success."
The Provincial Government is pleased to be part of
this annual event, which strengthens its message that oil and gas play
an essential role in the life of the province today and will continue in
this role well into the future. With good planning and leadership,
Newfoundland and Labrador has the resources and the abilities to build a
sustainable economy for the people of the province today and for
generations to come.
The 2007 Memorandum of Understanding on developing
Hebron and the final agreement on developing the White Rose Expansion
demonstrate the strides the province is making towards getting a better
return from oil and gas resources. The agreements provide the province
with super royalties during times of high oil prices, significant
industrial benefits and for the first time in the province�s history,
equity stakes in oil and gas projects.
Oil and Gas Week runs from February 24 to March 1 and
is a joint industry and government initiative. To find our more about
the week�s events, visit
For more information about careers ion the oil and gas
Communications and Marketing Manager
Department of Natural Resources
2008 02 25 12:45 p.m.