Guest Post Written By "AGENT 13"
In June 2015, Premier Davis surprised most of the attendees at the NOIA Conference held in St. John’s. How? By stating that the provincial government and STATOIL may be only weeks away from finalizing the “term sheet” on the Bay du Nord field, a massive oil discovery located on the Flemish Pass.
At that time, the Premier indicated that the provincial government was on a path of negotiations to have the “term sheet” finalized, but that he would not commit to having it completed before the general election.
Then, last week Deputy Premier Steve Kent was asked about the status of the “term sheet” negotiations. He stated his understanding it was very close and we would likely be hearing from the Minister of Natural Resources and the Premier in the coming weeks.
The question that must be asked is this: “Which party to the negotiations would benefit the most by finalizing the “term sheet” now, so close to a general election?”