Skip to main content
By the Numbers

Newfoundland and Labrador: Offshore benefits

Newfoundland and Labrador's offshore oil and natural gas industry create jobs and economic growth

$19 billion in offshore royalties have been paid to the Government of Newfoundland and Labrador since production began in 1997.

9,000 people were directly employed in the province's offshore industry since 2015.

$31 billion in capital has been invested to build Canada's oil and natural gas industry in Newfoundland and Labrador since 1995.

600 local supply and service companies support the industry.

Discover more about Canada's offshore oil and natural gas industry in Newfoundland and Labrador in this downloadable fact sheet.