Industrial benefits resulting from offshore petroleum projects range from taxation and royalty revenues to employment and business development opportunities.
Consistent with the objectives of the Atlantic Accord, Husky is committed to providing Canadian, and Newfoundland and Labrador companies and individuals with the opportunity to participate on a commercially competitive basis.
Pre-qualified companies are required to complete a Canada-Newfoundland and Labrador Benefits Questionnaire at the bid stage. As well, provincial residents are given first consideration for training and employment opportunities. Husky’s overall approach to the Canada-Newfoundland and Labrador Benefits initiative, as outlined in the White Rose Benefits Plan, is an integral part of the overall project.
Over 16 million person-hours went into the construction phase of White Rose, of that more than 75 percent were from Newfoundland and Labrador, and the rest of Canada. In fact, over 80 percent of the person-hours for topsides manufacturing and installation was carried out in the province.
Husky continues to look for ways to increase local and Canadian participation in keeping with the spirit and intent of the Atlantic Accord legislation, which states that Newfoundland and Labrador should be the principal beneficiary of offshore development. Husky expects White Rose to bring considerable benefits to Newfoundland and Labrador, and Canada.
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