This is one of the most promising deepwater exploration areas in the world. In addition to the producing basins, Eastern Canada also holds potential for exciting new discoveries and world-class oil production in some highly prospective under-explored basins. Frontier acreage is adjacent to recent discoveries in Bay du Nord, Mizzen, Harpoon, and existing fields such as Hibernia, White Rose, Terra Nova, and Hebron.

Access to new acreage, transparent fiscal terms, and a predictable land-sale policy make Eastern Canada an attractive region for oil and gas exploration.