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Today's Top Story


 

Statoil Canada doing seismic work off Nova Scotia

From Chronicle Herald
The following text was excerpted from the media outlet cited on August 10, 2017 and is provided to Noia members for information purposes only. Any opinion expressed therein is neither attributable to nor endorsed by Noia.

Calgary-headquartered Statoil Canada is gearing up to conduct a seismic survey of two parcels off Nova Scotia’s coast.

The Norwegian oil giant’s Calgary-headquartered Canadian subsidiary recently filed with the Canada Nova Scotia Offshore Petroleum Board a 10-page report written on its behalf by St. John’s, Newfoundland-based environmental consulting firm LGL.

The report outlines Statoil’s plans for 3D seismic surveying in and around two parcels of ocean it holds expropriation licences for. Both are in the Shelburne Basin, 350 kilometres southwest of Halifax, and aren’t far from areas Shell Canada declared fruitless in January, following that company’s two-well exploratory drilling program.

Together, the parcels comprise more than 6,000 square kilometres of ocean.

The report says the work will focus on the southern portion of Statoil’s 2436 parcel, where depths run to about 2,000 metres.

Surveying will take place between April and October 2018, the report said.

In addition to the seismic survey, the company plans also to conduct a geohazard survey of the area in 2019, the report said.

The Canada Nova Scotia Offshore Petroleum Board awarded both Statoil’s licences in January 2016. The company has committed tens of millions of dollars to exploring the parcels.

The report says that in the Grand Banks, Statoil is a partner in the Hibernia, Hibernia South Extension, and Terra Nova producing oilfields, and a partner in the Hebron Project.

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