By OGJ editors
HOUSTON, Aug. 23 -- EnCana Corp., Calgary, is trying to attract interest in its EL 2414 Block in the Atlantic east of Sable Island.
The company, which holds the 148-ha block in 1,500 m of water 250 km east of Goldboro 50-50 with PetroCanada, is in hopes of drilling a well in 2008. The well, targeted to Cretaceous Lower Missisauga and overlying Jurassic formations at 5,800 m, could cost $100 million.
Only 12 wells have been drilled in the deepwater part of the Scotian basin (OGJ, Feb. 24, 2005, p. 35). Marathon Oil Co.'s Annapolis well is the area's only discovery, and it did not reach Lower Missisauga, EnCana said.
EnCana's Stonehouse North Prospect could hold 4.3 to 10.7 tcf of gas in place. It is near the eastern end of a structural high EnCana calls the Stonehouse Trend that can be mapped more than 150 km to the southwest.
Seismic data acquired over the prospect are undergoing prestack depth migration and AVO processing, said company officials in Houston for the Summer North American Prospect Expo said.
