NL Offshore Oil and Gas Industry Recovery Assistance Fund
“Newfoundland and Labrador. Industry, Energy and Technology”
The funder does not disclose this information
Maximum Eligible Amount
Government Grant
Fund Type
The oil and gas sector is critical to the Newfoundland and Labrador economy. During the last year, the COVID-19 pandemic and the global crash of oil prices has dealt a major blow to the provincial oil and gas industry including the local supply and service sector
The goals of the NL Offshore Oil and Gas Industry Recovery Assistance Fund are to maximize employment for Newfoundland and Labrador residents and support the recovery of the Newfoundland and Labrador offshore oil and gas industry. To support the identified need and provide direct assistance for the local oil and gas sector value chain, the Government has committed a total of $32 million to support oil and gas supply and service sector projects.
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