According to Reuters reports of Calgary, alberta Canada offshore oil &gas operation regulators on November 2, in Calgary said, royal Dutch shell company has won the Canada five sea block of exploration right, this five sea block located in Canada Newfoundland and labrador coast beyond the sea Laurentian time within the basin. To obtain this five sea block exploration right, shell company for this promise to pay the c $97 million ($97.35 million).
Canada Newfoundland and labrador ocean petroleum said, shell company is the only tenderer these assets. The five sea block a total area of 5000 square miles (13000 square kilometers).
Although Newfoundland is currently in the province is located in the capital of saint John southeast Jeanned 'Arc basin has three offshore oil projects, however, there is no Newfoundland from this area get any oil and gas production.