Atlantic Canada's future

05/13/2002
Basins off eastern Canada will experience increasing exploration and development drilling in coming years.Newfoundland will produce more than a third of Canada's conventional light crude oil within 5 years, said Roger Grimes, premier of Newfoundland and Labrador.Nova Scotia Premier John F. Hamm said his province anticipates the drilling of at least another 17 deepwater wells in the next 4 years at a cost of $1.2 billion and a minimum of nine shallow-water wells during the next year or 2 at a cost of $300 million (OGJ, Jan 21, 2002, p. 54).A half dozen exploration wells have been drilled off Nova Scotia since 2000 at a cost of $300 million, and three wildcats planned in 2002 represent ...
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