On November 19, 2018, Honorable Dwight Ball, the Premier of Newfoundland and Labrador, Canada, accompanied by Mr. Zhou Xuan, chairman of Sunrise Group, held a conference with Mr. Yang Hua, chairman of China National Offshore Oil Corporation (CNOOC). Substantial results were achieved during the conference.
In 2019, the Canadian government has claimed the approval of CNOOC exploring and developing the Flemish Pass basin, which locates about 400 kilometers east of St. John’s, Newfoundland and Labrador.
Offshore Newfoundland is rich in oil and gas, and globally speaking, the deep waters of the Atlantic and Arctic are rich in different kinds of resources and are still at an early stage of development. The area has been honoured as the “next North Sea” and has attracted about 40 global oil companies capable of deep-water exploration and development.
The Canadian government is working hard to protect the environment while developing the economy and creating more good jobs for Canadians. Offshore area is crucial to Newfoundland and Labrador’s future. These exploration projects have created good job opportunities while ensuring continued protection of the environment.
CNOOC will support the development of offshore oil resources in the region by injecting favorable capital and technology and adhering to the principles of respecting and protecting the local natural environment.
CNOOC’s Flemish Pass exploration drilling project will start to survey of the nature and quantity of oil and gas resources within the designated area in 2020. (Information from Sina.com – Overseas Website).
Sunrise Group will continue to develop in more areas of China-Canada cooperation and provide the most convenient and comprehensive services for bilateral communication and cooperation in the future.