17 April 2010

Offshore oil production remained down in February

Oil production offshore Newfoundland and Labrador continued to trend lower in February 2010, despite continued high oil prices.

Total production from the Hibernia, Terra Nova and White Rose fields hit 8,213,115 barrels according to figures produced by the Canada-Newfoundland and Labrador Offshore Regulatory Board.

That’s down from 9.5 million barrels in February 2009 and 10.1 million barrels in February 2008.