. . World News – CA – West White Rose announcement arrives this morning in St. . Johns | The telegram

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Prime Minister Andrew Furey, Federal Minister for Natural Resources Seamus O’Regan, will be joined by Jonathan Brown of Husky Energy and Karen Winsor, Chair of the Oil and Gas Recovery Taskforce or a press conference this morning in St. . Johns.

In late September, Furey and O’Regan announced a federal contribution of $ 320 million under the Hibernia dividend agreement. That agreement initially resulted in $ 2. 5 billion will come to the province between 2019 and 2056.

“We have to unlock this value for the workers in the province. I’m pretty sure this task force would agree to that. I’m pretty sure Noia and some of the other stakeholders in the province would agree that it is important to invest in workers, ”Furey said at the September press conference.

Furey immediately formed the Oil and Gas Recovery Task Force, chaired by Winsor and Bill Fanning, President and Canadian Country Manager of Kvaerner.

The task force, whose membership and tasks were confirmed in October. 15, was given 90 days to report to the government with recommendations for the use of the $ 320 million fund.

The oil and gas platform will be on a 210. 000 ton concrete platform 350 kilometers east of St. . John’s work was stopped in March due to the COVID-19 pandemic outbreak.

The project was built in Argentina, with up to 700 jobs related to the construction of the platform.

Work on the platform was about 60 percent complete when work was suspended before the company announced in September that it was considering the future of the project. At the end of October, the company canceled all work on the project until 2021.

Husky Energy, White Rose Oil Field, Seamus O’Regan, St. . Johns, Petroleum Industry, Project

World News – CA – West White Rose announcement arrives this morning in St. . Johns | The telegram
. . Associated Title :
$ 41 life support. 5M given to West White Rose, but no guaranteed oil project will restart
West White Rose arrives in St. . John& # 39; s
BIG NEWS: Government Support for West White Rose Project
$ 41. 5-M for West White Rose, but no guarantee project is restarted

Ref: https://www.thetelegram.com