SABLE
- The Sable Offshore Energy Project was discovered in 1972 and produced first gas on December 31, 1999.
- It is located near Sable Island, approximately 225 km off Nova Scotia’s east coast.
- Five fields within the Sable development currently produce gas: Venture, South Venture, Thebaud, North Triumph and Alma.
- Alma is owned by ExxonMobil (50.8 per cent), Imperial Oil Resources Ltd (9.0 per cent), Mosbacher Operating Ltd. (0.5 per cent), Emera Offshore Inc. (8.4 per cent) and Shell Canada (31.3 per cent).
- The other four fields are owned by ExxonMobil (50.8 per cent), Imperial Oil Resources Ltd (9.0 per cent), Mosbacher Operating Ltd (0.5 per cent), Pengrowth Corportion (8.4 per cent) and Shell Canada (31.3 per cent).
- Sable produces natural gas.
- It contains an estimated 85 billion cubic metres of recoverable gas reserves.
- Sable has produced 41.6 billion cubic metres of gas as of March 31, 2009.
- It has an estimated lifespan of 25 years.
- Sable produced an average of 12.2 million cubic metres of gas per day during the 2008-09 fiscal year.
- Sable will stay the course through 2010 and continue producing from its five existing fields.
DEEP PANUKE
- Deep Panuke is Nova Scotia’s newest offshore project.
- It was discovered in 1998 and is expected to begin production in October 2010.
- Deep Panuke is about 250 km southeast of Halifax on the on the Scotian Shelf.
- EnCana owns the project.
- The development will produce natural gas.
- It contains approximately 25.1 billion cubic metres of gas.
- The field has an estimated lifespan of 13 years.
- It will operate at a peak production rate of 8.5 million cubic metres of gas per day.
