Oil and Gas

Nunavut has tremendous petroleum potential. Current estimates place the reserves in the Sverdrup Basin in the High Arctic alone, equal to about 11 per cent of Canada’s total crude oil resources and 20 per cent of Canada’s natural gas resources.

Complicated resource ownership structures, high costs of development, and dated seismic data have frustrated petroleum exploration and development in the past 20 years. But as additional resources are discovered, and development technology continues to improve, the potential of Nunavut’s oil and gas industry will be realized.  

Contact Division of Minerals and Petroleum Resources

Department of Economic Development & Transportation
P.O. Box 1000
Station 1560
Iqaluit, NU 
X0A 0H0
Tel: (867) 975-975-7800 
Fax: (867) 975-7870

Peter Frampton
Senior Advisor, Petroleum Resources
Email: pframpton@gov.nu.ca
Tel: (867) 975-975-7842
Fax: (867) 975-7870

 

© 2009 Department of Economic Development & Transportation