OUR GREAT MINDS

    by Tina Olivero

    Basin Hunters

    Investing in Canada’s East Coast just got even hotter. Situated 500 kilometers northeast of St. John’s, Newfoundland, the Flemish Pass is shaping up to be the next big basin play in the East Coast history books. I heard one speaker talking about the oil and potential in the Flemish Pass, saying: “It’s one thing to get to work on an oil project; it’s a whole other thing, and a once-in-a-lifetime opportunity, to open up an entire frontier basin.” Yes, the Flemish Basin has been shaping major discoveries in recent months, and people are excited. Operated discoveries currently in the Flemish Pass include these three fields: Mizzen Field (100–200 million barrels of oil). Harpoon Field (currently under evaluation). Bay du Nord Field (300–600 million barrels of oil).

    In the fall of 2013, Statoil Canada Exploration, the international Norwegian energy firm (65% owner), announced with its Calgary-based partner, Husky Energy (TSX:HSE) (35% owner), the discovery of their most recent field, the Bay du Nord.

    “It’s not that often a company makes an oil discovery of this size,” said Geir Richardsen, vice president of Statoil Canada Exploration, in a previous interview. “For starters, it is the biggest oil discovery we’ve ever done outside the Norwegian [Continental] Shelf.”

    Statoil and Husky are also responsible for the discovery of wells, Mizzen and Harpoon. The cumulative success of Bay du Nord, Harpoon, and Mizzen makes the Flemish Pass the hottest new play on the eastern seaboard.

    The other item of interest is that the oil discovered by Statoil and Husky is light oil with an API gravity of 34. That’s important because lighter oil yields a higher percentage when sold and is, therefore, considered more valuable with higher returns.

    Tina Olivero

    30 years ago, Tina Olivero looked into the future and saw an opportunity to make a difference for her province and people. That difference came in the form of the oil and gas sector. Six years before there was even a drop of oil brought to the shores of Newfoundland, she founded The Oil and Gas Magazine (THE OGM) from a back room in her home on Signal Hill Road, in St. John’s, Newfoundland. A single mother, no financing, no previous journalism or oil and gas experience, she forged ahead, with a creative vision and one heck of a heaping dose of sheer determination. With her pioneering spirit, Ms. Olivero developed a magazine that would educate, inspire, motivate and entertain oil and gas readers around the world — She prides herself in marketing and promoting our province and resources in unprecedented ways. The OGM is a magazine that focuses on our projects, our people, our opportunities and ultimately becomes the bridge to new energy outcomes and a sustainable new energy world. Now diversifying into the communications realms, a natural progression from the Magazine, The OGM now offers an entirely new division - Oil & Gas Media. Today, The Oil and Gas Magazine is a global phenomenon that operates not only in Newfoundland, but also in Calgary and is read by oil and gas enthusiasts in Norway, Aberdeen, across the US and as far reaching as Abu Dhabi, in the Middle East. Believing that Energy is everyone’s business, Ms. Olivero has combined energy + culture to embrace the worlds commitment to a balance of work and home life as well as fostering a foundation for health and well being. In this era of growth and development business and lifestyle are an eloquent mix, there is no beginning or end. Partnering with over 90 oil and gas exhibitions and conferences around the world, Ms. Olivero's role as a Global Visionary is to embrace communication in a way that fosters oil and gas business and industry growth in new and creative ways.

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      OGM - Our Great Minds