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). |
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