Exploration opportunities abound in Orphan basin off Newfoundland

NEWFOUNDLAND ORPHAN BASIN-1The Orphan basin is a wide Mesozoic rift zone lying directly north and adjacent to the Grand Banks of Newfoundland.The basin is the focus of an intense exploration effort by a consortium consisting of Chevron, ExxonMobil, Imperial Oil, and Shell Canada.Although the basin is very large at 160,000 sq km, it has only seven wells, all drilled between 1974 and 1985.Located in the shallow water part of the basin, these wells failed to discover hydrocarbons or to encounter the prolific Kimmeridgian source rock that is abundant in the neighboring Jeanne d’Arc and Flemish Pass basins, but they did prove the presence of Late Cretaceous and Tertiary reservoir rocks a...

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