Canada-Nova Scotia Offshore Petroleum Board memutuskan untuk menyerahkan hak eksplorasi kepada Shell Canada Ltd. untuk empat paket deepwater di offshore di barat daya Nova Scotia.
Shell has committed to spend $970 million exploring the properties in the next 6 years. Award of the blocks is expected in March 2012. No bids were received for four other parcels posted in the provinceâ€™s 2011 call for bids. The next call for bids is to be posted in May 2012.
Nova Scotia Energy Minister Charlie Parker noted that the province had â€œinvested in world-class research and committed to sharing our findings with oil and gas companies around the world. Weâ€™re seeing the results of that investment todayâ€.
The province has invested $15 million of offshore revenues in an analysis to prepare a 350-page atlas of the offshore. The Offshore Energy Technology Association commissioned RPS Consulting and Beicip Franlab for the industry-standard analysis. Dalhousie and Saint Maryâ€™s universities, Natural Resources Canadaâ€™s Geological Survey of Canada, the CNOPB, and Department of Energy also contributed.
The study calculated that the province could have potential reserves of 120 tcf of natural gas and 8 billion bbl of oil.