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Beicip-Franlab has recently released the Independent Resource Assessment for the south Labrador offshore area (Chidley Basin) ahead of the upcoming license round (NL16-CFB03). This release was a collaboration between Beicip-Franlab and the Oil and Gas Corporation of Newfoundland and Labrador (Oilco), Newfoundland and Labrador’s provincial energy corporation, working with the Newfoundland and Labrador Department of Industry, Energy and Technology (DIET).

This resource assessment makes use of cutting-edge machine learning workflows to help us understand our in-place volumes and related exploration risks.

Visit the link below for more details!

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