Printer Friendly
The Free Library
19,573,952 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Canadian Superior Energy Inc. Announces Contract Awards for Offshore Nova Scotia Marquis Natural Gas Project.


Business Editors

HALIFAX, Nova Scotia--(BUSINESS WIRE)--June 6, 2002

Canadian Superior Energy Inc. (TSE See Tokyo Stock Exchange.

TSE

1. See Tokyo Stock Exchange (TSE).

2. See Toronto Stock Exchange (TSE).
:SNG SNG
abbr.
1. substitute natural gas

2. synthetic natural gas
.) ("Canadian Superior") announced today the awarding of several drilling services contracts for the initial drilling related to Canadian Superior's Marquis Natural Gas Project Offshore Nova Scotia Nova Scotia (nō`və skō`shə) [Lat.,=new Scotland], province (2001 pop. 908,007), 21,425 sq mi (55,491 sq km), E Canada. Geography
.

With an estimated total valve of $12.8 million, these include:
-- Shore Base Facility & Services to Encana Corporation, Halifax, Nova Scotia

-- Tubular Management Services to HNS Tubulars Limited, Dartmouth, Nova Scotia

-- Helicopter Services to Cougar Helicopters Inc., Waverley, Nova Scotia

-- Cementing Services to Schlumberger Oilfield Services, Dartmouth, Nova Scotia


-- Drilling Fluid Services to M-I Drilling Fluids Canada, Inc., Dartmouth, Nova
Scotia

-- Supply/Standby Vessel Services to Secunda Marine Services Limited,
Dartmouth, Nova Scotia and Atlantic Towing Limited, Saint John, New Brunswick

-- Medical Services to Atlantic Offshore Medical Services, Dartmouth, Nova
Scotia

-- Meteorological, Oceanographic & Weather Forecasting Services to Seimac
Limited, Dartmouth, Nova Scotia


In commenting on awarding of these contracts, Canadian Superior's Director, East Coast Operations, Mike Coolen, speaking from Canadian Superior's office in Halifax, said today, "We are extremely pleased to be adding such a wealth of local service and supply experience to the Marquis Project. These contracts will provide significant employment and local benefits and we look forward to beginning the drilling of the Marquis L-35 well with the Rowan Gorilla V over the next 4 to 6 weeks".

Canadian Superior's Marquis Project is located approximately 20 kilometers (12.5 miles) northwest of Sable Island Sable Island, low, sandy island, 25 mi (40 km) long and 1 mi (1.6 km) wide, off N.S., Canada, SE of Halifax. It is the exposed part of a sand shoal that stretches northeast-southwest for more than 100 mi (160 km).  and is directly on trend with, and analogous to, the recent Deep Panuke Deep Panuke is the name of an offshore oil and natural gas field. It is located off the coast of Nova Scotia, Canada. It is currently under development by the EnCana Corporation.  Abenaki reef natural gas discovery. Deep Panuke is approximately 25 kilometers (15.6 miles) to the southwest of the Marquis Project and has successfully tested several delineation wells, each with productive capacity in excess of 50 million cubic feet per day (mmcf/d). The Deep Panuke discovery production rate is expected to be in excess of 400 mmcf/d when it is brought on line. The first Marquis well will be drilled to a minimum depth of 4,300 meters (14,100 feet) TVD TVD Tuvalu Dollar (ISO currency code)
TVD True Vertical Depth (oil drilling)
TVD Total-Variation-Diminishing
TVD Total Vertical Depth (oil and gas) 
 or, a depth sufficient to test the main deep Abenaki reef section.

Canadian Superior is a Calgary, Alberta based oil and gas exploration and production company. The Company is one of the largest land holders offshore Nova Scotia, with a 100% interest in 934,065 acres offshore Nova Scotia. The shares of Canadian Superior trade on the Toronto Stock Exchange Toronto Stock Exchange (TSE)

Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options.
 (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
) under the stock symbol (SNG).
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Comment:Canadian Superior Energy Inc. Announces Contract Awards for Offshore Nova Scotia Marquis Natural Gas Project.
Publication:Business Wire
Geographic Code:1CANA
Date:Jun 6, 2002
Words:401
Previous Article:Stage Stores Reports May Sales; Comparable Store Sales Grow 8.8%.
Next Article:Business Wire, AsiaWire News Releases Now Featured On Asia Pulse, Asia Pacific Region's Leading Business Intelligence News Service.
Topics:



Related Articles
Canadian Superior Energy Inc.'s Completes Marquis Offshore Nova Scotia Seismic Program.
Canadian Superior Energy Inc. Announces Record Financial Results for First Six Months of 2001.
Canadian Superior Energy Inc. Announces Acquisition of World-Class Offshore Acreage; Company Successful at Nova Scotia Land Sale.
Canadian Superior Energy Inc. Selects Offshore Nova Scotia Marquis Drilling Location And Awards Wellsite Survey And Geophysical Survey Contract.
Canadian Superior Energy Inc. Announces Record Nine Months 2001 Financial Results and Highlights Large World-Class Holdings Offshore Nova Scotia.
Canadian Superior Energy Inc. Updates East Coast Activities; Completes Surveying of 'Marquis' Wellsite; McDaniel Evaluates Undeveloped Lands at...
Canadian Superior Announces Major Joint Venture with El Paso.
Canadian Superior Energy Inc. Reports Record Net Earnings For 2001.
Canadian Superior Energy Inc. Launches Offshore Nova Scotia Marquis Natural Gas Project.
Balancing the riches: equalization is one of four major federal transfer programs. The others are the Canada Health Transfer, the Canada Social...

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles