Development Plan Amendment Approved for the South White Rose Extension

Earlier today, the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) announced approval of the development plan amendment for the South White Rose Extension Tie-back project. This signals the growth potential in the White Rose oilfield and the promise of additional economic and employment opportunities for the people of Newfoundland and Labrador.
 
“Approval of the development plan amendment will enable Husky Energy and its partners to move forward with the South White Rose Extension,” said the Honourable Tom Marshall, Minister of Natural Resources. “We are pleased with the continued interest from operators in expanding fields offshore. This will help to support long-term growth and sustainability of the provincial offshore industry.”
 
The White Rose oilfield is the most recent offshore area in the province to be brought into production. Operated by Husky Energy, first oil was produced in November 2005 through use of the SeaRose FPSO. North Amethyst was the first satellite field development in the Canadian offshore and brought into production in 2010. The province, through Nalcor Energy, has a five per cent equity stake in the White Rose satellite fields.

The offshore petroleum industry is the largest contributor to the provincial GDP at 33 per cent with an oil production value of over $8 billion and royalty revenues of $2 billion in 2012.

- 30 -

Media contact:
Diana Quinton
Director of Communications
Department of Natural Resources
709-729-5282, 631-8155
dianaquinton@gov.nl.ca 

2013 06 05             4:30 p.m.