(Executive Council; 9 May 2014) The Honourable Tom Marshall, Premier of Newfoundland and Labrador, led a provincial delegation to the annual Offshore Technology Conference in Houston, Texas, this week.

While he was there with 150 delegates from this province representing 75 petroleum sector firms, Premier Marshall participated in a Canadian Press Conference. Hosted by the Canadian Embassy the event gave the Premier an opportunity to highlight the activity in the province’s offshore including: the Bay du Nord oil discovery in the Flemish Pass Basin, three new basins in offshore Labrador, implementation of a scheduled land tenure system, and development of the Hebron Project.

“Newfoundland and Labrador is seeing the benefits from natural resource development,” he said. “Investors from around the world are taking notice of the exploration opportunities in our province and are coming to do business. The Offshore Technology Conference is an excellent venue to showcase local companies and expertise within our supply and service sector which are leading the petroleum industry into the future.”

Participants at the Offshore Technology Conference gain international exposure for Newfoundland and Labrador companies and potential export opportunities. Located in the Canadian Pavilion, provincial representatives noted an increase of interest in recent discoveries and the status of new developments.

Founded in 1969, the Offshore Technology Conference is held each year in Houston. Through its extensive technical program, the conference delivers information on new trends and innovations in emerging offshore regions.

– 30 –

Media contacts:
Milly Brown
Director of Communications
Office of the Premier