Eight Scotian margin deepwater blocks offered
The Canada-Nova Scotia Offshore Petroleum Board has issued a call for bids on eight deepwater parcels in an unexplored area of the Atlantic off Nova Scotia, four of which were nominated by industry.
By OGJ editors
HOUSTON, June 30 -- The Canada-Nova Scotia Offshore Petroleum Board has issued a call for bids on eight deepwater parcels in an unexplored area of the Atlantic off Nova Scotia, four of which were nominated by industry.
The parcels cover 228,120-344,340 ha each in 950-4,100 m of water at least 200 km south-southeast of Halifax. The primary term is 6 years with a possible 1-year extension if a well is in progress. Bids are to be considered based on the amount of money to be spent. Minimum work expenditure is $1 million.
The board will only accept bids from companies that have experience drilling exploratory wells in more than 800 m of water in the past 10 years. Bid deadline is Jan. 10, 2012. The board is preparing an environmental assessment and seeks public comments by Dec. 20 on the lands offered.
A play fairway analysis by the Offshore Energy Technical Research Association provides strong evidence for early Jurassic restricted marine oil-prone source rock along the southwestern Scotian margin beneath the offered parcels. The parcels are located in a major salt basin with numerous untested salt-related turtles, salt flank, folds, and rotated block structures.
Editor’s note: An article on the Nova Scotian Play Fairway Analysis appears in the July 4, 2011, issue of Oil & Gas Journal magazine.