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Shell Canada Ltd News

07 Apr 2000

Offshore Week

PanCanadian Petroleum Ltd., Canada's No. 2 oil company, could soon be on track to develop an East Coast offshore gas project to rival the huge Sable Island project, its chief executive said. PanCanadian, the oil and gas arm of conglomerate Canadian Pacific Ltd., plans to drill two appraisal wells this year near its recent Deep Panuke gas discoveries, made at the site of the exhausted Copan oil project off Nova Scotia. The wells will give the company the geological data it needs to decide whether to pursue more drilling or full development, PanCanadian CEO David Tuer said. Two recent wells drilled into the gas formation beneath the old oil reservoir tested at more than 50 million cubic feet a day each.

18 Aug 2000

Canada To Study Ban On Pacific Ocean Drilling

An environmental group has criticized a move by British Columbia to study the idea of having Ottawa lift a 28-year-old ban on offshore drilling along Canada's pristine Pacific coast. An area near the Queen Charlotte Islands is believed to hold one of Canada's largest natural gas deposits, and business leaders in coastal region have said a drilling ban should be lifted to help the area's beleaguered economy. A report for the provincial government said there was enough public interest in the issue - especially in the effected area - that its future warranted examination. Northern Development Commissioner John Backhouse, who had requested the study into public interest in the project, said he hoped to have review process under way by fall.