DRILLING MARKET FOCUS: New projects develop in Canadian Maritimes

11/20/2006
New record investments in a deepwater wildcat, shallow water development projects, shipyards, LNG facilities, and even discussion of a new refinery signal continuing belief in Canada’s maritime basins.Chevron Canada Resources is now drilling the most expensive well to-date in Atlantic Canada, a deepwater wildcat off Newfoundland in the untested East Orphan basin.Presentations at the recent Canadian Offshore Resources conference in Halifax, NS, and the Atlantic Canada Energy Summit in St. John, NB, suggest that local firms will need to ramp-up operations to handle upcoming oil, gas, and power project requirements. More than 300 firms attended a procurement session on EnCana Corp.&rsq...
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