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- Exploration Opportunities Offshore Nova Scotia, Canada
- (Call for Bids NS09-1)
- Carl Makrides
- Geologist & Petrophysicist
- Canada Nova Scotia Offshore Petroleum Board
- PROSPEX 2009
- December 10, 2009
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- Mandate of the CNSOPB
- Exploration & Development Offshore Nova Scotia
- Exploration Opportunities (Call for Bids NS09-1)
- Web Access to Digital Well & Seismic Data
- Flexible Licencing
- Summary
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- Health & safety for offshore workers
- Protection of the environment
- Management & conservation of petroleum resources
- Employment & industrial benefits
- Issuance of offshore licences
- Resource evaluation, data management & distribution
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- 1st Canadian offshore oil production
- Produced from: 1992-1999
- Produced 44.5 MMBbls light oil
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- Production began 1999
- 5 producing gas fields
- Average daily production ~400 MMscf/d
- >1.54 Tcf produced to date
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- >1Tcf IGIP (mean)
- 659 Bcf rec. gas (mean)
- 2nd pipeline to shore
- On production Q4 2010
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- Highest work expenditure bid awarded Exploration Licence (EL)
- Deposit is higher of $50,000 CDN or 1% of WE bid - refundable
- EL holders have 3 years to assess geology, raise financing, attract
partner etc. – After 3 yrs: Walk away or post 25% WE bid (refundable)
- Incentives for early geoscience work - 150% credit for work in first 3 years
of EL
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- 2 industry nominated shallow water parcels open for bid offshore Nova
Scotia
- Parcel 1
- Marmora IGIP [P90 - P10]: 113 – 187 Bcf (mean 148 Bcf)
- Marmora Rec. Gas [P90 - P10]: 78 - 132 Bcf (mean 104 Bcf)
- Exploration prospects: South & East Marmora & North Glenelg
- Parcel 2
- Exploration prospects: Propeller, Dolphin, Logan Canyon Channels,
Carbonate Bank etc.
- Free Access to Digital Well & Seismic Data via the Web
- Flexible Licencing - low cost to acquire licence & incentives for
early geoscience work
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Notes
