Maritime Canada upstream summary Report

Country Report 19 December 2024

Get this report*

$4,080

You can pay by card or invoice

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

Submit Category

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

Report summary

Project delays - The coronavirus and oil price crash in Q1 2020 had delayed both the West White Rose expansion project and Terra Nova FPSO life extension project. Both would receive government support, see company interests re-aligned and ultimately move ahead. Meanwhile, Bay du Nord has seen its sanctioning decision delayed, both in 2020 and again in 2023. The East Coast of Canada once ranked amongst the most important frontier exploration basins globally. Since the development of ...

Executive summary
- Oil developments continue to progress offshore Newfoundland
- Nova Scotia gas production declines to zero
Key facts
Location maps
Key companies
Geology
- Introduction
  - Offshore Newfoundland
  - Offshore Nova Scotia
  - Onshore Québec
  - Prince Edward Island
- Atlantic Canada basins
- Newfoundland Flemish Pass Basin
  - Source Rock
  - Reservoir Rocks
  - Cap Rock
  - Trapping Mechanism
- Newfoundland Orphan Basin
  - Source Rock
  - Reservoir Rocks
  - Cap Rocks
  - Trapping Mechanism
- Newfoundland Jeanne d'Arc Basin
  - Source
  - Reservoir Rocks
  - Cap Rock
  - Trapping Mechanism
- Newfoundland Labrador Shelf
  - Source
  - Reservoir Rocks
  - Cap Rocks
  - Trapping Mechanism
- Newfoundland Whale Basin
  - Source Rock
  - Reservoir Rock
  - Cap Rock
  - Trapping Mechanism
- West Newfoundland Basin
  - Source Rock
  - Reservoir Rock
  - Cap Rock
  - Trapping Mechanism
- 2 more item(s)...
Exploration
- Licensing
- Newfoundland and Labrador
  - 1995
  - 1996
  - 1997
  - 1998
  - 1999
  - 2000
  - 2001
  - 2002
  - 22 more item(s)...
- Nova Scotia
  - May 1997
  - November 1997
  - May 1998
  - November 1998
  - May 1999
  - November 1999
  - November 2000
  - 2001
  - 19 more item(s)...
- Québec
- New Brunswick
  - Prince Edward Island
- East Coast Canada - Licence Activity and Signature bonuses
- Drilling
  - Drilling activity
  - Newfoundland
  - Nova Scotia
  - Québec
  - New Brunswick
  - Prince Edward Island
  - Success rates
Reserves and resources
- Newfoundland
- Nova Scotia
- Maritimes Canada
Production
- Liquids
- Gas
Infrastructure
- Introduction
- Oil infrastructure
  - Newfoundland
  - Nova Scotia
- Gas infrastructure
  - Nova Scotia
  - Newfoundland
  - Maritimes
Costs
- Introduction
- Capital costs
  - Capital expenditure by location
  - Capital expenditure by development status
- Operating costs
  - Operating expenditure by location
  - Operating expenditure by development status
Policy and regulation
- Key legislation
  - Newfoundland
  - Nova Scotia
  - Maritimes
- Regulatory body
  - Newfoundland and Labrador
  - Nova Scotia
- Licensing
Fiscal terms
- Overview
  - Pipelines
  - Gas Utilisation
- Current fiscal terms
- Concessions
  - State Equity Participation
  - Participation Rate
  - Carry and Reimbursement
  - Bonuses, Rentals and Fees
  - Signature Bonuses
  - Production Bonuses
- Royalty and other production taxes
- Royalty
  - Newfoundland
  - Nova Scotia
  - New Brunswick
  - Québec
  - Contractor Revenue Entitlement
  - Product Pricing
- Corporate (or Petroleum) Income Tax
  - Federal Tax
  - Provincial Tax
  - Taxable Income
  - Investment uplift/credit
  - Resource Allowance
  - Loss Carry Forward
  - Fiscal/Contractual Ring-Fences
- Sample Cash Flow
- Historical background
  - Pre-1980s
  - 1980s
  - 1990s
  - 2000s
  - 2010s