Stabroek Block co-venturer CNOOC gets green light for Canada drill campaign - Panorama Insurance Brokers

Stabroek Block co-venturer CNOOC gets green light for Canada drill campaign

Canada’s federal government has approved a new offshore exploration drilling project proposed by the China National Offshore Oil Corporation (CNOOC) set to begin in the Flemish Pass Basin — about 400 kilometres east of Newfoundland and Labrador, CBC said in a report on Wednesday.

“The decision was made following a thorough and science-based environmental assessment process concluding that the project is not likely to cause significant adverse environmental effects when mitigation measures are taken into account,” the government of Canada said in a news release.

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