Yukon, Northwest Territories sign preliminary agreement on northern oil and gas development

Yukon and Northwest Territories officials sign a "sub-agreement" that commits both territories to outlining a plan that will identify options for northern oil and natural gas development.

Dec. 5, 2003

By OGJ editors
HOUSTON, Dec. 5 -- Yukon and Northwest Territories officials signed a "sub-agreement" that commits both territories to outline a plan that will identify options for northern oil and natural gas development.

The agreement also recognizes the need for both territories to cooperate regarding the development and management of Beaufort Sea oil and gas, a Yukon government news release said.

"The sub-agreement will also help to gain access to the proposed Mackenzie Valley pipeline for north Yukon's oil and gas resources," said Yukon Energy, Mines, and Resources Minister Archie Lang.

The latest agreement, signed Dec. 5, was negotiated under an Intergovernmental Relations Accord that the governments of Yukon and the Northwest Territories had signed on Mar. 13.