Statoil Canada and Husky Energy have confirmed that the first Bay du Nord exploration well could produce as much as 600 million barrels of oil. Thoughts?
This is fantastic! Such exciting news for the province.
There's word that development of the project is at least 10 years away. I'll believe it when I see the oil finally flowing.
It points to a possibly long future for oil production off our shores. Bring on the money!
I wouldn't get too excited yet -- the oil is in much deeper water, and much farther from shore. Safety and environmental issues have to be worked out first.
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