Quebec: Gaspe exploratory venture formed

French companies Etablissements Maurel & Prom and MPI have formed a 50-50 partnership with Petrolia, Rimouski, Que., to explore 13 licenses totaling 1,892 sq km owned by Gastem Inc., Montreal, in the Gaspe Peninsula of Quebec.

Maurel & Prom and MPI set up the partnership using the Saint-Aubin Energie SAS corporation, a joint investment vehicle, that is held one third by Maurel & Prom and two thirds by MPI. This acquisition boosts Petrolia’s interests in Quebec to nearly 16,000 sq km.

Over the next few months, technical teams from Petrolia and Maurel & Prom will develop a new exploration program for the 1,892 sq km area. They will pool their technical exploration and production expertise, and Petrolia will initially be responsible for carrying out the work.

The partners are also continuing discussion on extending the collaboration to other parts of Quebec in which Petrolia holds interests. Exploration will target unconventional and conventional reservoirs.

Related Articles

BOEM answers assertions

09/01/2014

A federal government agency's scientists usually don't feel compelled to more fully explain the basis for their decisions.

Gazprom Neft starts exploratory drilling in Iraq's Kurdistan region

09/01/2014

JSC Gazprom Neft has commenced with exploratory drilling on the Shakal block in the southwest part of Iraq's Kurdistan region.

Static, dynamic data integration improves reservoir modeling, characterization

09/01/2014 This article introduces a methodology for reservoir characterization, geological modelling, and well-performance prediction. The methodology integr...

Virtual flow metering improves Chinese offshore production

09/01/2014 A common problem for inflow-rate metering in subsea wells is the lack of real-time, three-phase flow rates, which are critical for reservoir charac...

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