EnCana Gets Go Ahead for Deep Panuke

Announced October 3, the Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) approved, with stipulations, EnCana’s Deep Panuke offshore natural gas project.

“The board is satisfied that subject to the conditions set out in the Decision Report, it is in the public interest that the project be permitted to proceed,” said CNSOPB Chair and Acting Chief Executive Officer in a released statement. “Our decision gave EnCana Corporation the necessary approvals to move toward project sanction.”

Commencement of production for the Deep Panuke project is estimated for 2010. The life of the well is expected to be 13 years, with an estimated pay of 892 Bcf of gas. Export capacity for the project is 300 MMcf/d of market-ready gas.

For the Deep Panuke project, a jackup Mobile Offshore Production Unit will produce and process the gas offshore. A subsea pipeline will then provide transportation to Goldboro, Nova Scotia, where it will be transported via the Maritimes & Northeast Pipeline to markets in Canada and the United States.

The Deep Panuke field is located about 250 kilometers southeast of Nova Scotia on the Scotian Shelf.

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