Offshore
Offshore Nova Scotia is a proven oil and gas rich region.
It’s already been tapped with the Sable Offshore Energy and the Deep Panuke Project. And there’s more to come. Lots more.
Experts estimate a potential 120 trillion cubic feet of natural gas and 8 billion barrels of oil is just off our shores.
That vast potential attracted three of the largest oil and gas companies in the world—Shell Canada and BP Exploration Ltd -who have committed to spending over $1 billion each in exploration over the next six years and StatOil Canada Limited with a committment of $82 Million over the next six years.
Investors are discovering that Nova Scotia is a welcoming place to do business
- We have brought fairness and speed to the regulatory process.
- We have an international reputation for excellence in engineering, fabrication, and supply services.
- We have a world-class education system that produces highly skilled workers.
- We are a stable place to do business.
- We’re close to the major North American energy markets.
We welcome you to learn more about Nova Scotia’s potential, and how you can benefit from it
In April 2022, Canada and the Province announced their intent to expand the mandate of the board into offshore renewables. Read the release.