East Coast propels Canadian energy output to record high

OTTAWA – A 21 per cent surge in output from East Coast offshore producers and increased oilsands volumes drove Canadian oil and natural gas production to a record high in 2007, Statistics Canada reported Wednesday.

Canadian companies produced 160.5 million cubic metres of oil and equivalent hydrocarbons in 2007, a 4.2 per cent increase over the year before. A cubic metre is the equivalent of 6.3 barrels of oil.


“Offshore production in Newfoundland and Labrador accounted for well over half (58 per cent) of the annual increase between 2006 and 2007,” the federal energy stated.

Canwest News Service