Analysis reveals oil and gas offshore Nova Scotia

May 19, 2011

On Wednesday May 11, 2011, Charlie Parker, Minister of Energy for Nova Scotia announced the results of the Play Fairway Analysis, a study into the offshore resources of Nova Scotia. The government invested in the study in order to develop an industry standard picture of Nova Scotia’s offshore geology.

According to the study, there are more than 3.3 trillion cubic meters of natural gas and 8 billion barrels of oil sitting offshore Nova Scotia. According to the minister, over the next several months the department will be marketing the study to oil and gas companies in the hope of gaining interest in a call for bids that will occur in the near future.
 

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