Nova Scotia sees large resource on deepwater slope

The resource potential of the Scotian slope on a risked basis doubles the gas potential and triples the oil potential for Nova Scotia's portion of the overall Scotian basin, according to the first independent resource assessment for the slope.The undiscovered potential for the deepwater Scotian slope is estimated at 15 to 41 tcf of gas and 2 to 5 billion bbl of oil and condensate, said the Canada-Nova Scotia Offshore Petroleum Board, Halifax. The board published the report on its website (www.cnsopb.ns .ca).The evaluation is based on the interpretation of 30,000 line km of 2D seismic data, in which 10 geologic markers were defined, and on comparisons with other deepwater hydrocarbon b...

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