Natural Resources
October 26, 2018

Government Launches Virtual Data Room for Oil and Gas Industry

Today, the Provincial Government launched a virtual data room to provide information on the province’s prospectivity to offshore oil and gas explorers. The virtual data room is available at www.zebradata.com external link icon.

The virtual data room includes well data, seismic data, and drilling reports and is supported by stakeholders in the oil and gas industry. Data rooms are common practice in industry and have been successfully used in other jurisdictions.

Zebra Data Services, headquartered in London, U.K., will be supporting government as its service provider. There is no cost to government as the service is user-pay.

The province has five producing fields, more than 650 leads and prospects, and an ongoing, world-class seismic program with more than 20 basins mapped. There have been seven new entrants in the past two years, and $2.6 billion in recent exploration work commitments.

The virtual data room is an initiative of Advance 2030 – The Way Forward on Oil and Gas, which was developed to position Newfoundland and Labrador as a globally preferred location for oil and gas development. The Way Forward outlines all actions the Provincial Government is taking to achieve a strong, diversified province with a high standard of living, and can be viewed at thewayforward.gov.nl.ca.

Quotes
“The virtual data room provides up-to-date information on the province’s offshore for industry to use to make informed investment decisions. This is particularly important leading up to 2018 Calls for Bids in the Eastern Newfoundland and Jeanne d’Arc regions which closes on November 7. This initiative is one of the immediate priorities to drive exploration as outlined in Advance 2030.”
Honourable Siobhan Coady
Minister of Natural Resources

“The Canadian Association of Petroleum Producers strongly supports the province’s efforts to increase offshore exploration activity. Newfoundland and Labrador is competing globally for oil and gas investment. Facilitating access to data via the virtual data room will be a powerful marketing tool as the province works to promote its offshore potential.”
Paul Barnes
Director, Atlantic Canada & Arctic
Canadian Association of Petroleum Producers

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Learn more
Data room domain

Onshore and offshore petroleum activity

Provincial Government Releases Advance 2030 – A Plan for Growth in the Newfoundland and Labrador Oil and Gas Industry

C-NLOPB Announces 2018 Calls for Bids in the Eastern Newfoundland and Jeanne d’Arc Regions external link icon

Newfoundland and Labrador Oil and Gas Industry

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Media Contacts
Nancy Hollett
Natural Resources
709-729-5777, 685-3372
nancyhollett@gov.nl.ca

Jill Piccott
Communications and Policy Advisor, Atlantic Canada
Canadian Association of Petroleum Producers
709-724-4204
jill.piccott@capp.ca

2018 10 26                              1:30 p.m.