Although western Canada has been earning the most money from the petroleum industry in Canada, more plans are now being planned for the east coast. In the Atlantic Offshore region, projects being planned and operated upon are the Hibernia, Terra Nova, and Sable plans. The East coast has been working rigorously for success in the petroleum industry. Let's check out some of its main points:

• The Jeanne d'Arc Basin has brought 5-10 billion barrels into the Canadian petroleum industry.
• Hibernia-On November 17, 1997, Hibernia became Canada's first major offshore producing project, averaging to 150 000 barrels of oil per day. Hibernia is planned to last for up to 18 years. Company owners of Hibernia Management and Development are Mobil Oil Canada Limited, Chevron Canada Resources Limited, Petro-Canada, Canada Hibernia Holing Corporation, Murphy Oil Company Limited, and Norsk Hydro Canada Oil and Gas Incorporation. Hibernia operates on the first North American producing platform gravity-based unit. The Hibernia platform is also the first in the world to withstand impact of icebergs(figure 6).

Figure 6; Hiberian Platform
This platform floating offshore the Atlantic is North America's gravity-based and the world's first iceberg-proof platform.

• Terra Nova- This project is operated by Petro-Canada, and co-owned by Mobil Oil Canada Properties, Husky Oil Operations Limited, Norsk Hydro Canada Oil & Gas Incorporation, Murphy Mashbacher Operating Limited, and Chevron Canada Limited. This oil paradise is to last for 15-18 years averaging at around 115 000 barrels per day. Terra Nova also has an extensive storage capacity of 960 000 barrels in the Floating Production Storage and Offloading facility.¹¹ The Terra Nova project also has the most advanced in metal fabrication technology from its Bull Arm Construction and Fabrication Site.
• Sable Offshore Energy Project-This project is located on one of the largest known natural gas deposits undeveloped in North America, with six fields on the Scotian Shelf, 225 offshore of Nova Scotia (figure 7). 500 cubic feet is the expected return per day, accumulating up to 3.5 trillion cubic feet in 25 years. Shell Canada Limited, Imperial Oil Resources Limited, Nova Scotia Resources Limited, and Mashbacher Operating Limited are all co-owners of the Sable project, with Mobil Oil Canada Properties in operation. As it turns out, Mobil is Sable's largest shareholder and has the largest portfolio in Eastern Canada, and is also a major owner of Hibernia and Terra Nova. Another notable company is Shell Canada, who has 31.3% ownership. Shell is to help boost the production of Sable, when at full capacity, by 25%.

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