Petroleum Exploration Enhancement Program (Newfoundland and Labrador, Canada)

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Last modified on February 12, 2015.

EZFeed Policy

Place Newfoundland and Labrador


   
Applies to States or Provinces Newfoundland and Labrador
Name Petroleum Exploration Enhancement Program (Newfoundland and Labrador, Canada)
Policy Category Financial Incentive
Policy Type Grant Program
Affected Technologies Natural Gas
Active Policy Yes

Implementing Sector State/Province





















Program Budget $5 million





Program Administrator Newfoundland and Labrador Department of Natural Resources
Primary Website http://www.nr.gov.nl.ca/nr/energy/petroleum/onshore/peep.html



Last Review 2014-09-05



Summary

The Provincial Energy Plan, released in September 2007, introduced a policy action to encourage and promote exploration activity in Western Newfoundland known as the Petroleum Exploration Enhancement Program (PEEP).

The Department of Natural Resources announced a $5 million, two-year program to encourage onshore exploration through the application and acquisition of petroleum geoscience data. Funding extended to 2011-2012.

The program is administered jointly by the Department of Natural Resources (DNR) and the Provincial energy corporation, Nalcor Energy.



Policy Contact

Contact Name Newfoundland and Labrador Department of Natural Resources










Website http://www.nr.gov.nl.ca/nr/energy/petroleum/onshore/peep.html
     
     


















References