Premier to Promote Offshore Opportunities in Houston

Premier Stephen McNeil and officials from the Department of Energy will be in Houston next week to promote Nova Scotia’s offshore oil and gas opportunities.

The delegation will take part in the 50th annual Offshore Technology Conference (OTC), which starts on Monday, April 30. With more than 100 countries attending, the conference is one of the year’s largest gatherings of energy professionals.

“Nova Scotia has a record of safe and responsible oil and gas development that has supported jobs in our province and generated revenue for government services,” said Premier McNeil. “Our offshore resources continue to attract international interest, providing tremendous potential to bring more companies to Nova Scotia and create more revenue to support services for Nova Scotians.”

Nova Scotia has attended the conference for more than 25 consecutive years, with the intention of attracting international investment to the province.

This year, more than 20 Nova Scotia companies will be in Houston to attract new business and make connections.

“Every year we’re at OTC, at least one Nova Scotia company signs a new contract or makes an introduction that leads to a future deal,” said Maritimes Energy Association CEO, Ray Ritcey. “Some years we’re able to generate interest in offshore exploration and other years companies in our supply chain reach agreements to work in markets around the world.”

Highlights and recent activity in Nova Scotia’s oil and gas sector include:

— BP Canada has received approval to drill an exploratory well as part of its $1 billion offshore work commitment
— the Department of Energy has committed almost $13 million to leading edge geoscience work that is being shared with industry
— liquified natural gas opportunities could help meet growing global demand for cleaner fuels by transferring abundant North American gas to international markets
— a safety record that includes more than 15 years without a single lost-time incident for Sable project employees and contractors
— about $4 billion in direct revenue to the province, plus revenue and jobs supported and created from billions spent on goods and services by major international companies since 1998
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Source: Media Release

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