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St Pierre & Miquelon has no onshore oil and gas potential but may have sediments analogous to those productive in Newfoundland offshore. However, no serious exploration has been carried out due to the harsh climatic environment and remote location. There is also an ongoing dispute with Canada over maritime boundaries.
Globalshift regards St Pierre & Miquelon to have no oil and gas potential, onshore or offshore.
St Pierre & Miquelon has no history of production and no exploration wells have ever been drilled on land or in surrounding waters. Globalshift forecasts that no discoveries of oil or gas will ever be made in the territory.
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