Newfoundland's offshore output was just over 12% of Canadian oil production during 2004-2005. The East Coast produced 114.8 million bbls of oil (314,520 bopd), down from 122.96 million bbls (335,956 bopd) in 2003-2004. The decline was due to a 24-day shutdown at the Terra Nova floating production vessel following an oil spill last November. However, East Coast output will rise when White Rose field's FPSO goes onstream next month at 92,000 bopd. The E&P industry created 16% of Newfoundland's gross domestic product during the fiscal year ending March 31, 2005.

Kurt S. Abraham, Managing/International Editor

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