Exploration Welcome in Atlantic Canada

Globally energy development is at many different stages of evolution. In some places new energy regimes such as solar and wind energy are coming into play with new energy cities like Masdar in Abu Dhabi, UAE.

In other regions such as Eastern Canada and Alaska, we are just beginning exploration of new lands and are still very much in the oil exploration phase.
Simultaneously, oil giants of the world operating in areas such as the Gulf of Mexico, Norway and the Middle East have reached peak oil and are now on oil decline, and are therefore seeking new technology, and new energy solutions to provide answers to sustainability.

The global dynamics are staggering and exciting. Those who can work and play in diverse energy arenas at differing phases of exploration production,
development AND new energy, will surely win the global energy game.

Investment Opportunity in Eastern Canada

While some places like Saudi Arabia are halting exploration to ensure petroleum resources are available for the future, other area’s like Nova Scotia, Canada, are encouraging new exploration and are ready to capitalize on untapped reserves.

For those in the exploration arena and considering new investment, Eastern Canada is an exciting destination as petroleum resource potential is out there – right off the shores of Nova Scotia. It’s already been tapped with the Sable Offshore Energy Project, and the Deep Panuke natural gas project is coming soon, making Nova Scotia an even more attractive place for offshore investors.

The Process of Exploration

Exploration determines whether a lease contains enough oil and gas to make a profitable development. Seismic surveys and interpretation, environmental assessments, sea floor analysis, drilling and well analysis all happen during exploration.

During the exploration phase offshore Nova Scotia, business opportunities currently include: Seismic exploration services, supply ships, land surveyors, excavation services, chandler services, helicopter services, multiple engineering and scientific services, diving services, drill rig repairs and maintenance, trucking, accommodations, travel agency services, legal services, rentals, warehousing and commercial leasing.

The exploration work includes opportunities in design engineering, environmental impact analysis, fabrication, installation and commissioning. During development, business opportunities can include many services – engineering, scientific, inspection, non-destructive testing, construction, diving, supply ships, trucking, warehousing, commercial leasing, accommodations, rentals and suppliers of materials and components to name a few.

Many local Nova Scotia companies are available to do this work, however, joint venture partners, alliances and strategic investors have the opportunity to join local talent and work together with combined expertise.

OTANS is the local organization that unites the major oil and gas players in Nova Scotia.

Nova Scotia has a plan to encourage more exploration, with new geoscience, policy, regulation and marketing. For more information please read the Nova Scotia Offshore Renewal Plan on the Nova Scotia Government website: www.gov.ns.ca

Operators are required to meet certain regulatory requirements before the Canada Nova Scotia Offshore Petroleum Board can approve offshore petroleum related activities. The regulatory framework which governs offshore petroleum operations consists of the Accord Acts, regulations, Board guidelines and policies. To Understand all exploration requirements please visit the Canada Nova Scotia Offshore Petroleum Board to reach key people who will assist in your exploration success: www.cnsopb.ns.ca

Eastern Canada is the way to go!

Close to the major North American energy markets and boasting fairness and speed in the regulatory process, Nova Scotia offers investors to the region a high standard of living, a level playing field of ethical business practices, and a plethora of experts from researchers, engineers and fabrication and supply companies. Clearly Nova Scotia is a lucrative frontier region.

The Nova Scotia Offshore Petroleum Board continues a new policy that offers companies more flexible, lower entry cost exploration licenses that reward early activity and encourage a broader range of companies to explore and invest. For more information please see: www.gov.ns.ca/energy

Exploration in Action!

In July 2009, the Canada-Nova Scotia Offshore Petroleum Board, Nova Scotia’s offshore regulator, announced BEPCo Canada Company as the successful bidder for two deep water parcels offshore Nova Scotia. BEPCo won rights to explore both parcels located about 160 kilometers southwest of Sable Island, with a work-expenditure bid of $6.3 million each. The combined potential resource in the two parcels
is estimated between 3.3 and 10 trillion cubic feet of natural gas in place. For full details on the BEBCo report visit their website at: www.cnsopb.ns.ca Sources: http://www.gov.ns.ca/energy/oil-gas www.cnsopb.ns.ca