Page 26: of Offshore Engineer Magazine (Sep/Oct 2024)

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INTERVIEW MINISTER ANDREW PARSONS, INDUSTRY, ENERGY & TECHNOLOGY

The West Hercules drilling rig moored near shore and the Horizon

Arctic support vessel, taken on April 24, 2022, in Bay Bulls.

Image courtesy Dr. Lesley James

Parsons noted the work of Dr. © ggw/AdobeStock

Lesley James, the Chevron Chair which is the world's ?rst offshore oil structure speci?cally designed to deal with harsh environments, including ice- of Petroleum Engineering, “is bergs,” said Parsons. “We are known as the east coast energy doing a lot of work with us right capital, and we cannot overstate the importance of oil to our province. In addition, we export our [offshore oil and gas] now on carbon capture and expertise all over the world.” As it moves now into aqua- culture and marine biotechnology, Parsons observes: “It's ofshore basins, and at the same amazing, for our province as small as we are, we're certainly time recognizing that we have batting above our weight when it comes to the ideas that are created here, set up here and then brought elsewhere.” to reduce the emissions ofshore.

Banking on Oil & Gas

When you look at emission

Historically, while the ?sheries have been the backbone of industry in Newfoundland & Labrador, with traditional reduction, we are far ahead ?sheries and aquaculture continuing to grow. of most other oil producing

But make no mistake, offshore energy is the muscle.

Again, a commodity which has its peaks and valleys. In nations, but that doesn't mean 2023 the Province produced about 73 million barrels, or about $8 billion in oil production. With the Terra Nova we can't do better when we talk

FPSO going back into production in November 2023,

Parsons expects oil production to rise to around 82 mil- about net-zero aspirations. She's lion barrels this year.

played a big part of that.”

Another promising development is Cenovus’ nearly billion-dollar investment in constructing the West White 26 OFFSHORE ENGINEER OEDIGITAL.COM