Statoil announced on Wednesday that it had found an unspecified quantity of oil in its Harpoon property about 500 kilometres offshore Newfoundland.
That would be about 310 miles and therefore is obviously outside the Canadian 200 nautical mile exclusive economic zone under the United Nations Convention on the Law of the Sea.
It’s still within 350 nautical miles so Canada still has the right to exploit the resources.
But it is far enough out to trigger Article 82 of the Law of the Sea convention.