Potential 25 billion barrels of oil in Orphan Basin NFLD


tay
+2
#1  Top Rated Post
The provincial government released a resource assessment by Beicip-Franlab on Thursday that suggests there are potentially 25.5 billion barrels of oil in the West Orphan Basin, compared to the 12.5 billion barrels the Flemish Pass is believed to hold.

It's a study the provincial government hopes will attract even more investment than the Flemish Pass, which garnered $1.2 billion in bids last year.

Members of Newfoundland and Labrador's oil industry said the study is good news for a business that's been facing a downturn for years.

"The 25.5 billion barrels estimate is larger that the remaining estimate that Norway believes its offshore holds, which is 18 billion barrels of undiscovered resources, so this is a hugely important study at this stage in our resource development," said Raymond Collins, chair of NOIA.

"The industry is very excited with this announcement and we are looking forward to some early drilling to kick-start some more exploration and bring more equipment into the region to help further develop the industry."

Potential 25 billion barrels of oil in Orphan Basin: report - Newfoundland & Labrador - CBC News
 
Locutus
#2
Mark Critch Verified account ‏@markcritch

Mark Critch Retweeted CBC Newfoundland
25 billion barrels of oil! That's a current market value of over $600!!!


CBC Newfoundland Verified account ‏@CBCNL

BREAKING: Potential 25 billion barrels of oil in Orphan Basin: report http://cbc.ca/1.3733997
2:00 PM - 24 Aug 2016
 
taxslave
+1
#3
So why is the federal government OK with drilling for oil off the east coast but wants to ban even tanker traffic on the west coast?
 
Curious Cdn
+2
#4
Good news! They can cover next year's transfer payments to Alberta!
 
captain morgan
+1
#5
Quote: Originally Posted by taxslaveView Post

So why is the federal government OK with drilling for oil off the east coast but wants to ban even tanker traffic on the west coast?

Interesting question, I might also add that there is daily tanker traffic up and down the St Larry.... Wonder if JT believes that teh lives of the Easterners is less valuable?

Quote: Originally Posted by Curious CdnView Post

Good news! They can cover next year's transfer payments to Alberta!

Who will pay for keeping Ontario's bills paid?
 
bill barilko
+1
#6
They already have more oil than god and look what good it's done them!

Newfoundland is like Venezuela but without the climate & the women.
 
Cliffy
-1
#7
Leave it in the ground. Oil is finished.
 
MHz
+1
#8
If they ever ship it west (Ontario) I hope they recall how Quebec f*cked them over when the deal for power-lines was struck and Quebec raised the price that NY was paying so they got more profit than NFLD got. Things like that tend to give you a reputation, one that leaves a sour taste in a person's mouth.

Quote: Originally Posted by CliffyView Post

Leave it in the ground. Oil is finished.

How about until we need it?? They should be feeding the fish to make it a world class place to catch your limit. (for trawlers
 
PoliticalNick
#9
Quote: Originally Posted by MHzView Post

If they ever ship it west (Ontario) I hope they recall how Quebec f*cked them over when the deal for power-lines was struck and Quebec raised the price that NY was paying so they got more profit than NFLD got. Things like that tend to give you a reputation, one that leaves a sour taste in a person's mouth.


How about until we need it?? They should be feeding the fish to make it a world class place to catch your limit. (for trawlers

When has Quebec done anything that didn't p^ss of the rest of the country?
 
petros
+2
#10
You can say piss. Cocksucker too.
 
tay
+1
#11
Quote: Originally Posted by taxslaveView Post

So why is the federal government OK with drilling for oil off the east coast but wants to ban even tanker traffic on the west coast?

It's the original Canadians who want the tanker traffic halted, not the governments which is why Harpers crew or Trudeau's never banned it.

But you are on this sight a lot so I thought you would know this.......?

Ship Traffic in the Strait of Juan de Fuca | Race Rocks (external - login to view)
 
PoliticalNick
+1
#12
Quote: Originally Posted by tayView Post

It's the original Canadians who want the tanker traffic halted, not the governments which is why Harpers crew or Trudeau's never banned it.

But you are on this sight a lot so I thought you would know this.......?

Ship Traffic in the Strait of Juan de Fuca | Race Rocks (external - login to view)

Original Canadians? Moose? Bears? Geese? Salmon? Which ones are we talking about?
 
Cliffy
#13
Quote: Originally Posted by tayView Post

It's the original Canadians who want the tanker traffic halted, not the governments which is why Harpers crew or Trudeau's never banned it.

But you are on this sight a lot so I thought you would know this.......?

Ship Traffic in the Strait of Juan de Fuca | Race Rocks (external - login to view)

The majority of BC residents do not want pipelines and tankers on the coast. Slave is a brainwashed worker drone incapable of original thought.

Quote: Originally Posted by PoliticalNickView Post

Original Canadians? Moose? Bears? Geese? Salmon? Which ones are we talking about?

You should learn some history besides that printed in cheep tabloids.
 
Danbones
#14
hello
I am a piece of granite
I have been here for 4 and 0ne half billion years
if you wouldn't look good in a beer commercial youze can just effe right off

I was here first
 
lone wolf
#15
Quote: Originally Posted by taxslaveView Post

So why is the federal government OK with drilling for oil off the east coast but wants to ban even tanker traffic on the west coast?

How much royalty does a tanker pay?
 
captain morgan
+2
#16
Quote: Originally Posted by CliffyView Post

The majority of BC residents do not want pipelines and tankers on the coast. Slave is a brainwashed worker drone incapable of original thought.

Hilarious coming from the guy that would not survive a week without oil and it's byproducts.

PS - The province of BC runs on hydrocarbons.... Don't believe me?.. Convince the eco-lobbies to give-up ALL products that are derived from, or use hydrocarbons in any form.... You hypocrites would be dead in the water

Quote: Originally Posted by lone wolfView Post

How much royalty does a tanker pay?

The same amount as a truck
 
PoliticalNick
+2
#17
Quote: Originally Posted by captain morganView Post

The same amount as a truck

...plus port fees
 
MHz
#18
Quote: Originally Posted by PoliticalNickView Post

When has Quebec done anything that didn't p^ss of the rest of the country?

Ontario is just as underhanded, they were a big reason the only export the west had was wheat for how many decades.
 
captain morgan
+1
#19
Quote: Originally Posted by PoliticalNickView Post

...plus port fees

One could argue that the gas tax for cars/trucks might be a similar charge
 
lone wolf
#20
Quote: Originally Posted by captain morganView Post

The same amount as a truck

How much does it cost to put in a cross-country pipeline to fill that tanker?
 
captain morgan
#21
$8 bucks, at least
 
pgs
#22
Quote: Originally Posted by CliffyView Post

Leave it in the ground. Oil is finished.

Did you walk to Saskatchewan ?
 
captain morgan
+1
#23
He has a team of unicorns pull him in his magic wagon.

Fact
 
PoliticalNick
+1
#24
Quote: Originally Posted by lone wolfView Post

How much does it cost to put in a cross-country pipeline to fill that tanker?

A lot less than importing oil from the Saudis or Iraq. Especially the cost to human rights and the environment.
 
pgs
+1
#25
Quote: Originally Posted by CliffyView Post

The majority of BC residents do not want pipelines and tankers on the coast. Slave is a brainwashed worker drone incapable of original thought.


You should learn some history besides that printed in cheep tabloids.

Without oil on the coast how are the Haida in Haida Quai supposed to power their fishing boats and pickup trucks ?
 
Curious Cdn
#26
Quote: Originally Posted by pgsView Post

Without oil on the coast how are the Haida in Haida Quai supposed to power their fishing boats and pickup trucks ?

If you bang those drums hard enough, moon beams will do it for you. No nasty old Western technology for them, no siree!
 
PoliticalNick
+1
#27
Quote: Originally Posted by pgsView Post

Without oil on the coast how are the Haida in Haida Quai supposed to power their fishing boats and pickup trucks ?

The Thunderbird and raven will flap their wings and blow unicorn farts into their gas tanks.
 
lone wolf
#28
Quote: Originally Posted by PoliticalNickView Post

A lot less than importing oil from the Saudis or Iraq. Especially the cost to human rights and the environment.

Who said anything about importing? Did you READ the article re oil in Newfoundland? Instead of trolling, try thinking. It doesn't hurt once you get used to it
 
PoliticalNick
#29
Quote: Originally Posted by lone wolfView Post

Who said anything about importing? Did you READ the article re oil in Newfoundland? Instead of trolling, try thinking. It doesn't hurt once you get used to it

I did think...I thought the f^cking tree-huggers and french-canadians will prevent NFLD oil from making to Canadian refineries just like they are trying to do with Alberta oil. They will probably try to prevent export of NFLD oil too for whatever idiotic reason they can find at that particular time. Toss a Liberal government into the mix and we will be dependent on blood-oil for decades and miss the chance to generate huge revenues for the citizens of Canada and provide ourselves with cheap energy as a bonus.
 
taxslave
#30
Quote: Originally Posted by CliffyView Post

Leave it in the ground. Oil is finished.

ROFLMAO. Don't have a fukking clue do you.

Quote: Originally Posted by tayView Post

It's the original Canadians who want the tanker traffic halted, not the governments which is why Harpers crew or Trudeau's never banned it.

But you are on this sight a lot so I thought you would know this.......?

Ship Traffic in the Strait of Juan de Fuca | Race Rocks (external - login to view)

Mostly it is idle rich from elsewhere like Cliffy that want tankers banned. The Indians just want a commission.
 

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