Petroleum Exploration Opportunities in Jeanne d'Arc Basin , Call for ...
Petroleum Exploration Opportunities in Jeanne d'Arc Basin , Call for ...
Petroleum Exploration Opportunities in Jeanne d'Arc Basin , Call for ...
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Emergence of Nalcor Energy<br />
• Legislation to create the prov<strong>in</strong>ce’s s energy corporation,<br />
Nalcor Energy, wholly owned by the Prov<strong>in</strong>ce<br />
http://www.nalcorenergy.com<br />
• Through Nalcor, Prov<strong>in</strong>ce negotiated equity positions <strong>in</strong><br />
the Hebron Project (4.9%) and White Rose Growth<br />
Projects (5%)<br />
• Fall 2007, the NL Government released the prov<strong>in</strong>cial<br />
Energy Plan “Focus<strong>in</strong>g our Energy” that established new<br />
policies <strong>for</strong> oil and gas exploration and production <strong>in</strong> the<br />
Prov<strong>in</strong>ce’s s large onshore and offshore regions<br />
http://www.nr.gov.nl.ca/energyplan/EnergyReport.pdf<br />
• Energy Plan brought implementation of an Offshore<br />
Natural Gas Royalty Regime and <strong>in</strong>troduced the concept<br />
of a “pioneer project”<br />
Enachescu, NL DNR 2009