Funding, News and Announcements

2016 marks the 10-year anniversary of the Offshore Energy Research Association (OERA). Since its inception, OERA has delivered on a mandate to produce scientific research initiatives that contribute to risk reduction and support investment decisions in our offshore energy sector. It’s also helped resolve critical knowledge gaps in marine related environmental, tidal and petroleum issues.

With support from the Nova Scotia Department of Energy, OERA has invested more than $32 million to offshore research projects since 2006. This investment has paid off in the form of $2.1 billion in petroleum exploration commitments. It’s also given the province the confidence to commit to developing 300 MW of tidal power. When completed, this development is expected to produce $1.7 billion in GDP and add 22,000 jobs to Nova Scotia by 2040. Along with jobs and economic growth, achieving Nova Scotia’s tidal energy goal will reduce our carbon footprint by about 25 million tons.

As OERA enters its second decade, the organization looks forwards to continuing to collaborate with its partners on research opportunities that benefit all Nova Scotia by allowing for the sustainable development of our marine energy resources.

To view a copy of our 10th Anniversary 2015-16 Annual Report, please click here