The company recently opened an office in Khobar to service Saudi Arabian clients and includes banks oil
and gas companies and ministers in its list of customers.
Approximately $200 million will be invested in offshore activities, including $110 million on Terra Nova, as the second Grand Banks oil
field prepares to pump first oil in mid-2001, and about $40 million at Hibernia.
16 /CNW-PRN/ - Petro-Canada recently completed the largest land acquisition program in its history as part of its strategy to enhance opportunities for future profitable growth in Canadian frontier natural gas and Grand Banks oil
In a joint statement, the three remaining owners said the delay is a direct result of Gulf Canada's withdrawal from the Grand Banks oil