Interest in Canadian Laurentian acreage may overshadow extended French block

ExxonMobil Canada Properties and Conoco Canada Resources Ltd. have been awarded an extension of the Saint-Pierre-et-Miquelon permit in the Atlantic south of Newfoundland.The companies obtained the permit, covering 3,251 sq km, from April 1998 to April 2001. They drilled the Bandol-1 wildcat, which proved dry (OGJ, Aug. 12, 2002, p. 29).When an extension of a permit is solicited, the companies involved must relinquish half the initial acreage. They sought the extension in April 2001, but it was only made official at the end of February 2004. Click here to enlarge imageThis was due to protracted negotiations on the terms required by the Saint-Pierre-et-Miquelon authorities, which wanted E...

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