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East Coast Canada - a review of 2012

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Report summary

Two record-breaking Nova Scotian licensing rounds were the highlight of 2012 activity in Canada's East Coast. Shell and BP placed Cdn$2.0 billion in work commitments for 10 deepwater blocks located in an underexplored area southwest of the Sable sub-basin, which holds the Sable Island and Deep Panuke gas projects. This year, Shell plans to shoot 3D seismic on four of its blocks. An offshore exploration well has not been drilled in Nova Scotia since 2006, but this new interest could,

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Table of contents

  • Executive summary
    • Nova Scotia shatters records
    • Newfoundland and Labrador license blocks in Laurentian sub-basin
      • Shell shoots seismic
      • Deep Panuke delayed yet again
      • Onshore exploration continues despite fracking moratorium
      • LNG export proposed in Goldboro
      • Exploration drilling stalls
      • ExxonMobil sanctions Hebron
      • Turnarounds suspend production at Terra Nova and White Rose
      • Hibernia drilling continues
      • Onshore players appraise oil Green Point shale and Flat Bay oil fields
    • New Brunswick
      • Petrolia and Junex explore Québec mainland
      • Anticosti Island's Macasty shale under delineation
    • Old Harry drilling pending governmental approval
  • Appendix – economic assumptions

Tables and charts

This report includes 6 images and tables including:

Images

  • East Coast Canada 2012 activity map
  • Nova Scotia offshore acreage issued
  • Newfoundland and Labrador offshore acreage issued
  • Nova Scotia offshore exploration and appraisal wells
  • Newfoundland and Labrador offshore exploration and appraisal wells
  • Newfoundland and Labrador offshore oil production

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