Offshore Oil and Gas Opportunities

Argentia has everything business needs to prosper in Newfoundland's emerging offshore oil and gas industry. Well suited for an offshore service and supply center, natural gas and processing facilities, or a pipeline fabrication site, Argentia is accessible to international shipping lanes and offshore operations.

There are five trillion cubic feet of discovered gas reserves in the Jeanne d'Arc Basin, offshore Newfoundland, with potential for an additional 19 trillion cubic feet. Argentia is now preparing for the production of natural gas offshore Newfoundland and has set aside 640 acres to develop the Marquise Natural Gas Park.