June 20, 2019
Provincial Government Releases Implementation Update for Advance 2030
The Honourable Siobhan Coady, Minister of Natural Resources, today released the 2018-19 Implementation Update for Advance 2030 – A Plan for Growth in the Newfoundland and Labrador Oil and Gas Industry as part of her keynote address at the 2019 Noia Oil & Gas Conference and Exhibition.
Work to implement Advance 2030 is well underway with more than 95 per cent of immediate priority actions in progress or complete. This plan will position Newfoundland and Labrador as an internationally preferred location for oil and gas exploration and development – driven by an innovative, local industry that is globally competitive, environmentally responsible, and maximizes benefits to the people of the province.
The Advance 2030 Implementation Update demonstrates the progress made on the immediate focus areas, which include:
- Driving Exploration
- Modernizing the Governance Structure
- Ensuring Global Competitiveness
- Accelerating Development
- Supporting Innovation
- Increasing Industry Promotion
- Developing the Workforce of Tomorrow
Since the launch of The Way Forward on Oil and Gas in February 2018, the Oil and Gas Industry Development Council has been actively engaged in overseeing the implementation of actions. The council, which meets frequently, has established an implementation committee with government representation, as well as representatives from Noia and the Canadian Association of Petroleum Producers.
“Our Advance 2030 implementation update shows significant progress on the immediate priority actions and specific initiatives that have been undertaken by stakeholders over the first year of the strategy. Collaboration is a core principle of Advance 2030 and industry stakeholders are working together to realize the growth potential in our oil and gas industry. By focusing on our competitiveness, driving exploration, investing in innovation and working together we will achieve our vision for growth in the oil and gas industry.”
Honourable Siobhan Coady
Minister of Natural Resources
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2019 06 20 10:50 a.m.