New Geoscience Data
Newfoundland and Labrador basins are vast and largely underexplored. It’s been over two decades since the existing major oil fields were discovered offshore. Modern data acquisition technologies that are now used for exploration were not available 20 years ago – the application of these new technologies today, are being used to identify potential new exploration opportunities in offshore Newfoundland and Labrador.
Nalcor is committed to investing in new geoscience data to unlock the next areas offshore Newfoundland and Labrador that may contain material prospectivity. New play types that have never been seen before on the province’s offshore—play types that have yielded some of the leading discoveries in other regions of the world—have been identified. By getting involved in the early stages of exploration, Nalcor is systematically reducing uncertainty and increasing scientific knowledge of each basin—new insights that are delivered to and shared with the global industry.
The sections below detail the planned geoscience activity currently being undertaken by Nalcor.