Deep Panuke appraisal tests more gas off Nova Scotia

Appraisal drilling on the Scotian shelf off eastern Canada has confirmed what PanCanadian Petroleum Ltd. is calling "the most significant discovery in Atlantic Canada in more than a decade."After drilling and testing the next appraisal well, PanCanadian will evaluate reserve size, commercial potential, and development options. It said the field could go on line by late 2003.The company said its second appraisal well in Deep Panuke gas field in the Atlantic Ocean about 155 miles east-southeast of Halifax averaged more than 50 MMcfd of gas, the maximum capacity of test equipment, on a 3-day test.PanCanadian, which holds 100% working interest in Deep Panuke, is drilling a third appraisal wel...

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