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
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.