Newfoundland Regulator Calls For Federal Panel On Offshore Development

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In a letter released June 13, the Canadian - Newfoundland and Labrador Offshore Petroleum Board urged federal Environment Minister, Peter Kent, to appoint a federal panel to decide whether to approve an exploration well proposed by Halifax-based Corridor Resources Ltd.
Canada Energy and Natural Resources

In a letter released June 13, the Canadian - Newfoundland and Labrador Offshore Petroleum Board urged federal Environment Minister, Peter Kent, to appoint a federal panel to decide whether to approve an exploration well proposed by Halifax-based Corridor Resources Ltd.

Corridor Resources Ltd. holds the rights to develop in the Old Harry field, a thirty kilometre-long and twelve kilometre-wide area in the Gulf of St. Lawrence which straddles disputed territory between Quebec and Newfoundland, and may produce up to 2 billion barrels of oil and 5 trillion cubic feet of natural gas.

Quebec now has a moratorium on oil and gas exploration and development on its portion of Old Harry until the end of 2012. Quebec has expressed concerns that Newfoundland and Labrador may allow drilling in the Gulf and may undertake their own environmental assessment of offshore development in the area.

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