According to reports, Canada's Alberta Offshore Oil and Gas Operation Regulatory Agency in Calgary on November 2, 2012 stated that Royal Dutch Shell has recently won exploration rights in five offshore blocks in Canada. The five offshore blocks are located in Canada. Within the Laurentian sub-basin off the coast of Newfoundland and Labrador. In order to obtain exploration rights in these five offshore blocks, Shell Company promised to pay 97 million Canadian dollars (97.3 million US dollars).
The CNPC of Newfoundland and Labrador, Canada, stated that Shell is the only bidder for these assets. The five sea blocks have a total area of ​​5,000 square miles (13,000 square kilometers).
Although Newfoundland Province currently has three offshore oil projects in the Jeanned'Arc Basin, which is located in the southeast of the provincial capital St. John's, Newfoundland has not yet obtained any oil and gas production from this region.
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