Canadian Superior plans Nova Scotia wildcat on trend with PanCanadian strike

Canadian Superior Energy Inc., Calgary, said Wednesday it will spud an Abenaki reef wildcat off Nova Scotia by September. It said the prospect, 20 km northwest of Sable Island, is on trend and analogous to PanCanadian Petroleum Ltd.�s recent 2 tcf Abenaki reef gas discovery 25 km to the southwest.


By the OGJ Online Staff


HOUSTON, Mar. 14
�Canadian Superior Energy Inc., Calgary, said Wednesday it will spud a wildcat on its �Marquis Prospect� off Nova Scotia by September.

The prospect is 20 km northwest of Sable Island, which is 250 km southeast of Halifax, NS. It plans a 4,500 m wildcat costing $24 million (Can.).

Canadian Superior plans a multi-well drilling program in the area over the next 18 months. It said seismic has identified major Abenaki reefs underlying the company leases, directly on trend and analogous to PanCanadian Petroleum Ltd.�s recent 2 tcf Abenaki reef gas discovery, 25 km to the southwest, where several wells have been tested in excess of 50 MMcfd.

Canadian Superior said its properties are in shallow waters (100 m) near a new pipeline connecting 500 MMcfd of Sable Island natural gas to New England markets.

Canadian Superior's East Coast Exploration Manager, Gerold Fong, said, "The Canadian Superior 'Marquis Prospect' is directly on trend to the PanCanadian discovery and is of equal if not greater potential based upon Canadian Superior's interpretation of extensive seismic and geological data.�

Last month PanCanadian said it would spend $1 billion (Can.) to develop its Deep Panuke gas field off Nova Scotia. It said the development cost included a pipeline to shore (OGJ, Online, Feb. 23, 2001).

PanCanadian has 100% of the field in the Sable Island area. Deep Panuke underlies the Panuke oil field.

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