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This current issues paper opens with general information on east coast offshore exploration for oil and gas reserves. Topics covered include a brief historical perspective, environmental concerns, and the weather and safety considerations of offshore drilling activities. The report then considers the impact of active oil and gas development on the area, with specific reference to the Venture and Hibernia gas development plans. The report concludes with a chronology and bibliography.
Overview report on the East Coast offshore oil and natural gas development, including the background of exploration, the environmental impact, the impact of icebergs and storms on safety, and jurisdictional disputes between the federal and provincial governments as to ownership. Development of the resource is discussed, with the impact of oil and gas development on the economic and social life of the Atlantic provinces, the Venture Gas Development, and Hibernia development plans. A chronology of events from 1966 to the present is included.
First published in 1983, Offshore Oil is an early and prescient analysis of the prospects for oil and gas development off Canada's east coast. The book examines the potential of offshore oil to provide growth in Canadian industries. As development proceeds huge sums will be invested and oil companies' needs include platforms, drilling rigs, ships, plants and a host of smaller items such as drills, pumps, transformers and electronic equipment. This presents opportunities not only for traditional industries such as steel and shipbuilding but also for the high-technology sector. Offshore oil holds the prospect of energy self-sufficiency for Canada and of better times for the depressed Atlantic economy. But development of gas could also bring a "boom and bust" that damages the region's social and economic fabric. This book considers both possibilities.
The discovery of important accumulations of oil and natural gas in the eastcoast offshore region promises major economic and strategic benefits to Canada. Two important finds in particular, the Venture natural gas field and the Hibernia oil field, have spurred unprecedented oil and gas activity in Atlantic Canada in recent years. This document presents an historical perspective on the exploration; its environmental impact; icebergs, storms and safety; and jurisdictional disputes. It also looks at development issues such as the impact of oil and gas development, the Venture gas development and the Hibernia development plans.