CanWest to drill Alberta oil sands prospect

By OGJ editors
HOUSTON, Sept. 21 -- CanWest Petroleum Corp., Calgary, plans to drill 12 exploratory holes this winter on the Eagle Nest Prospect in the Athabasca oil sands of Alberta.

CanWest recently bought the 23,040-acre prospect, 70 miles west of its Firebag East Oil Sands Project, for $727,187 cash. It owns the prospect through subsidiary Township Petroleum Corp.

The drilling, estimated to cost $2 million, will attempt to confirm an estimate by the Alberta Energy Utilities Board's Crude Bitumen Resource Atlas of May 1996 that the prospect has 3.4 billion bbl of bitumen in place.

Related Articles

INTERNATIONAL BRIEFS

01/01/1990 WESTCOAST ENERGY INC., Vancouver, B.C., agreed to buy the utilities and propane business of Inter-City Gas Corp. (ICG), Winnipeg, Man., for $720 mi...

OWNERSHIP QUESTIONS CAN STYMIE DEVELOPMENT OF COALBED METHANE

01/01/1990 Although the technology exists for commercial recovery of coalbed methane, production has been hindered because of the legal quandary as to ownersh...

OGJ NEWSLETTER

01/01/1990 Will oil price stability dominate the 1990s? Analyst Philip Verleger thinks so. Using a measure of market concentration the U.S. government uses t...

U.S. BRIEFS

01/08/1990 PLAINS PETROLEUM CO., Lakewood, Colo., plans further seismic work to define step-out locations to its Minnelusa strike in the Powder River basin in...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected