Exploration and production

Our Exploration and Production (E&P) business consists of offshore operations off the east coast of Canada and onshore assets in Libya and Syria.
An orange floating production storage and offloading unit sits in the middle of the Atlantic Ocean near Newfoundland and Labrador.

Exploration and production at a glance

56.1 mboe/d

2023 production volume.

East Coast Canada

International interests

Middle East

Our Exploration and production (E&P) business consists of offshore operations off the east coast of Canada and onshore assets in Libya and Syria. The exploration and production business provides portfolio diversity with low-cost conventional production, which helps balance against higher cost oil sands production, particularly when crude prices are low.

Exploration and production regions of oil and gas production

The Hibernia oil field — located approximately 315 km east-southeast of St. John’s, Newfoundland — uses a fixed structure with three compartments: topsides, Gravity Based Structure (GBS) and an offshore loading system.

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