“It’s a recipe for an oil and gas bonanza.
Start with the staggering 52 billion barrels of oil and 200 trillion cubic feet of gas estimated under the seafloor.
Add a dozen of the world’s biggest oil and gas companies, up to a hundred exploratory wells over the coming decade and the potential for jobs galore.
The result is a nearly $4-billion race to find the next big energy project off the coast of Newfoundland and Labrador.”
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