Canadian Offshore: Deep Panuke leads new Scotian shelf gas developments

A multibillion-dollar industry effort is continuing to find, develop, and transport additional natural gas resources on the Scotian shelf off Nova Scotia to East Coast markets in Canada and the US.The Canada-Nova Scotia Offshore Petroleum Board estimates established reserves of 3 tcf and discovered resources of 2 tcf in the vicinity of Sable Island. It estimates undiscovered resources for the Scotian Shelf as a whole at 13 tcf in the gas-prone region.Current activities include initial development of the region's second major gas field, plans to expand capacity of the existing pipeline to New England and Atlantic Canada markets, extensive seismic activity, and a new exploration thrust ...

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