Canada has three Oil projects off its Atlantic coastline, all located in the Hearnne d’Arc Basin: Hibernia, Terra Nova, and White Rose. First discovered in 1979, the Hibernia field produced 204,000 bbl/d of Crude Oil in 2004.
 
Production at Terra Nova began in 2002 and averaged 110,000 bbl/d in 2004; in June 2005, Petro-Canada, the majority owner of the field, sought regulatory approval to expand production at the field to the Far East Reservoir, which contains an additional 40 million barrels of recoverable oil. Finally, Husky Energy brought the White Rose field onstream in late 2005, where production will eventually reach 90,000 bbl/d.

There is also exploration activity in the Orphan Basin, located in the deep waters north of the Jeanne d’Arc Basin. However, operators at the Atlantic oil fields must contend with harsh natural conditions, including rough seas, seasonal icebergs, and extreme temperatures. These factors increase the difficulty and costs of oil production in the region.
 
Industry experts believe that the Pacific coast off British Columbia also contains significant oil reserves. However, there has been no production to date on the Pacific coast because of a federal ban on offshore oil activities in the Pacific Ocean. The provincial government of British Columbia has continually lobbied to lift this ban, hoping to begin production by 2010.
 
Source: Energy Information Administration