HOPEDALE BASIN-1: Favorable geology, advanced technology may unlock Labrador’s substantial resource

Michael Enachescu, Memorial University, St. John’s, Newf.Several large gas discoveries were made along the Canadian Labrador shelf during an early exploration cycle that extended through the 1970s into the early 1980s. With the focus at the time being strictly on oil exploration, no development and no further drilling have occurred in the area since 1983.That early drilling, which included only 27 wells (21 located in the Hope- dale basin) proved the presence of 4.2 tcf of recoverable natural gas in the five discoveries made and demonstrated the presence of a rich petroleum system over a vast area.With recent trends in commodity prices and the need for new supply regions it is under...

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