Abstract:The majority of exploration, development and production offshore Newfoundland has occurred in shallow water. Currently there are two floating production, storage and offloading (FPSO) vessels and one gravity based structure producing oil on the Grand Banks. In recent years, there has been a move to deeper water offshore Newfoundland. There have been significant discoveries at Bay du Nord and Mizzen, and new licence blocks are opening up towards the north and northwest of the existing producing fields. With the… Show more
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